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1037 3rd Ave

Upper East Side, New York, NY

About 1037 3rd Ave

1037 3rd Avenue in New York’s Upper Eastside bustling shopping corridor boasts a new plaza and storefront ideal for tenants hoping to rent office space or retail outlets in a high foot traffic location.

Close to popular stores like Bloomingdale’s and Home Depot, Dylan’s Candy Bar and Urban Outfitters and Searle, the former high-end tea shop at 1037 3rd Avenue is also conveniently close to New York’s public transportation.

Commuters working at 1037 3rd Avenue have easy access to New York’s subway trains N, Q, R at Lexington Avenue and 59th Street and 4, 5, and 6 trains at 59th Street. Tenants looking for a longer lease will be pleased that this retail unit comes with a sublease that won’t expire until March 2020.

This is beautifully built-out retail space with 20’ frontage, 12’ high ceilings and natural light. The property is located between 61st and 62nd Streets in an extremely busy new plaza with high-end retailers. The landlord will consider sidewalk seating and non-cooking food uses.

1037 3rd Avenue in New York boasts an Art Deco facade with buff-colored bricks for the upper floors and pale gray masonry “waves” as architectural features immediately above the retail level.

Companies at 1037 3rd Ave

Kusmi Tea Food Store

Internet Providers for 1037 3rd Ave

Provider Technology Max Download Speed Max Upload Speed
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
50 Mb/s
50 Mb/s
Verizon New York DSL
6 Mb/s
1.5 Mb/s

The Neighborhood: Upper East Side

The typical asking rate per listing is in the $90's per square foot per year. The Upper East Side submarket is experiencing a a rise in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 2% increase in rent.

Compared to the rest of the New York City market, the Upper East Side region has greater rates, and you'll need to pay a premium to be in this hot submarket.

Median Rate Median Size
Upper East Side $99
/sqft/yr
3,870
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,372
sqft

Median Rate over Time in Upper East Side