Lenox Hill

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  • 242 E 74th St New York City New York 10021 United States
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1REC's Take
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1REC's Take
Pros

✔ Proximity to Central Park. ✔ Affluent neighborhood with high-end retail. ✔ Excellent healthcare facilities, including Lenox Hill Hospital.

Cons

✘ High cost of living. ✘ Traffic congestion. ✘ Limited parking.

Shopper Profile

✦ Affluent Residents: High-income families and professionals ✦ Tourists: Visiting medical institutions and cultural venues ✦ Preferences: Upscale dining, boutique shopping

About Location
Upscale and nestled on the Upper East Side, Lenox Hill draws an affluent crowd. The retail scene boasts luxury boutiques, art galleries, and gourmet dining. Reflecting its elite status, rents here are on the higher end, with both well-established local and institutional landlords.
Trade Area Summary

Basic Demographics

Median Household Income: $96,540
Consumer Expenditure: $45,624,510,724
Population: 1,230,327
Daytime Population: 1,846,544
Source Notes: Data reflects 20 minute drive times as of Q3 2023 (Experian) and is provided by Dallimore & Co, a boutique advisory firm specializing in growth strategy, real estate solutions, and M&A for specialty retail and consumer brands.

Household Segment Breakdown

Segment #1: G – Educated Urbanites (53%)
Segment #2: A – Ultra Wealthy Families (32%)
Segment #3: J – Sunset Boomers (9%)
All Other Segments: 5%

Source Notes: Segment data reflects 0.25mi radius and is provided by Spatial.ai, an AI-Powered segmentation platform for retail marketers.

Occupancy
Tenant Sales per Square Foot: $800
Occupancy Rate: 92%
Anchor Tenants: Lenox Hill Hospital, Bloomingdale’s
Tenant Rent/Sales Ratio (%): 18.75% – 37.5%
Rent $ / Visitor: $40 – $80
Source Notes: Data sourced from public and private records.
Availabilities
Know Before You Go
Preferred ISP(s)
Spectrum, Verizon
Estimated Permit Timeline (weeks)
6-8
Landmarks Risk
Medium
Union Labor Disharmony Likelihood
Medium
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Lenox Hill
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MSA: New York-Newark-Jersey City NY-NJ-PA
Address: 242 E 74th St
New York City
New York
10021
United States
Place Tags: NYC
Retail Type: Streets & Neighborhoods

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