Upper East Side

2 Reviews
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  • 1273 3rd Ave New York City New York 10021 United States
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1REC's Take
About
Occupancy
Rents
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Vendors
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1REC's Take
Pros

✔ Affluent neighborhood ✔ Close to Central Park ✔ Strong community feel

Cons

✘ High cost of living ✘ Limited nightlife ✘ Heavy traffic

Shopper Profile

✦ Affluent Residents: High-income families and professionals ✦ Tourists: Visiting museums and cultural sites ✦ Preferences: Luxury retail, fine dining

Successful Retail Uses:
Luxury Retail, Fine Dining, Cultural Institutions
About Location
Synonymous with elegance and affluence, the Upper East Side exudes classic New York sophistication. Nestled between Central Park and the East River, its avenues are adorned with luxury boutiques, historic mansions, and world-class museums. The clientele leans towards the well-heeled, seeking high-end retail and gourmet dining. Rents are lofty, with a mix of iconic landlords and local proprietors.
Household Income in Trade Area: $180,000
Retail Sales in Trade Area: $3 billion
Population in Trade Area: 250,000
Occupancy
Tenant Sales per Square Foot: $1,200
Occupancy Rate: 95%
Anchor Tenants: Bloomingdale’s, Whole Foods
Tenant Rent/Sales Ratio (%): 16.7% – 33.3%
Rent $ / Visitor (relative cost of the foot traffic): $41.67 – $83.33
Other Notes: Data sourced from public and private records.
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Destination Rents
Average Rent (psf): $324
Median Rent (psf): $200
Rent Range (psf): $200-$318
Rent Variability: High
Other Notes: Data provided by Retail by MONA, a New York based brokerage firm.
Know Before You Go
Preferred ISP(s)
Spectrum, Verizon
Estimated Permit Timeline (weeks)
6-8
Landmarks Risk
High
Union Labor Disharmony Likelihood
Medium
Recommended Vendors' Links 🔗

Local Broker: Retail by MONA

Building Surveyor: DrafterMax

Permit Expeditor: Paul Fusco Consulting

Licensed Architect: Prose Architecture

Store Designer: Carina Miranda Studio

Real Estate Attorney: Fentin Goldman

General Contractor: O'Leary Group

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Reviews

2 Reviews on “Upper East Side”

Overall rating
Parking
Foot Traffic
Cleanliness
Safety
  • clicks2bricksguy
    Parking
    Foot Traffic
    Cleanliness
    Safety

    Thoughts on UES vs UWS? Does anyone have a location in both?

     Reply
  • storesherpa
    Parking
    Foot Traffic
    Cleanliness
    Safety

    Our Upper East Side store was one of our first locations, and while the rents are high and the buildings are old, it’s been worth the investment. The store required a lot of initial and ongoing work, but the foot traffic and revenue have been higher than we expected. Being on a corner spot definitely helps too—great visibility and constant flow of customers!

     Reply

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Primary Landlord: NYC
Retail Type: Streets & Neighborhoods
Address: 1273 3rd Ave
New York City
New York
10021
United States
MSA: New York-Newark-Jersey City NY-NJ-PA

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