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134 E 48th St

Midtown East, New York, NY

About 134 E 48th St

Located between Lexington and Park Avenues and immediately adjacent to the Hyatt 48 Lex Building, the property at 134 East 48th Street in New York’s Midtown East district offers tenants hoping to rent office space or a retail unit in the heart of Hotel Row a great opportunity.

Surrounded by shops, restaurants, cafes, hotels and many attractions, 134 East 48th Street, New York, is currently built-out as a restaurant, boasting wood floors, a large dais, high ceilings with wood beams and frontage with excellent signage opportunity

Commuters have access to subway services at 42nd Street to Grand Central Station (S, 4, 5, 6, 7). Retail space at 134 East 48th Street offers New York’s restaurateurs and retailers high exposure near some of Manhattan’s most popular attractions.

The retail unit is situated at the base of the Lexington Hotel and boasts ca. 35 ft. of retail frontage that overlooks bustling East 48th Street and enjoying high foot traffic in Hotel Row.

The light gray sandstone facade of the very attractive building at 134 East 48th Street, New York, appears to date from the early 1900’s for it boasts many elaborately decorated arches above its windows.

Internet Providers for 134 E 48th St

Provider Technology Max Download Speed Max Upload Speed
RCN Cable
1 Gb/s
25 Mb/s
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: Midtown East

The typical asking rate per listing is in the $80's per square foot per year. The Midtown East region is experiencing a decrease in rates. In the last 3 months, the median rate decreased $1 per sqft per year. That's a 2% decrease in rent.

Compared to the rest of the New York City market, the Midtown East submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.

Median Rate Median Size
Midtown East $83
/sqft/yr
5,000
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,300
sqft

Median Rate over Time in Midtown East