J.W. Burke & Co. is exclusively marketing 27 East 61st Street, a newly constructed, freestanding building in the heart of Manhattan's Upper East Side luxury retail district. Offering exclusive occupancy to a single tenant, the property presents an opportunity to establish a fully branded flagship destination in one of New York City's most prestigious neighborhoods. Delivered in white-box condition, the building features six above-grade floors, including a fifth- and sixth-floor duplex connected by an internal staircase, a fifth-floor terrace, a sixth-floor balcony, and the potential for a rooftop garden. The property is being positioned for luxury retail, design, wellness, and experiential hospitality concepts seeking an entire building dedicated to their brand identity and client experience.
Retail · For lease · Upper East Side
A Rare Freestanding Flagship Opportunity Just Off Madison Avenue
27 East 61st Street
Listed by Lena D. Roth
- Size
- 9,470 SF
- Asking rent
- $159/SF/yr
- Est. monthly
- $125,500
- Available
- Now
Listed Nov 5
Work out the rent over a lease term
Commercial Rent Tax: about $58,723 a year at this rent
- Private outdoor space
- ADA accessible
- 24/7 access
Interested in this space?
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How the asking rent compares
$159/SF a year is higher than what three in four Manhattan retail buildings collected per square foot in 2024 (the top quarter starts at $104.91).
- This space
- $159/SF/yr in the top quarter
- Median
- $64.71/SF/yr
- Middle half
- $38.35 to $104.91
Source: the income and expense statements that owners of Manhattan retail buildings file with the city (NYC Department of Finance (opens in a new tab), 2024 filings, 1,328 in the borough). It is what whole buildings across the borough collected (not this neighborhood alone), with vacant space, concessions and older leases in the mix: a baseline, not a quote for this space. Every borough, side by side
How much commercial rent costs in NYC, and what is paid on top of it
The building
- Floors
- 5
- Built
- 1910
- Building size
- 9,350 SF
- Lot frontage
- 15 ft
- Use
- Mixed residential and commercial building: 1 apartment, 2 commercial units
- Zoning
- C5-1. A commercial district.
- Altered
- Last major alteration on record in 2011
Location
See nearby spaces on the mapOpen in Google Maps (opens in a new tab)
Getting there
- 5 Av/59 St
- 59 St
- Lexington Av/63 St
Similar spaces
Before you sign
Plain-English guides to square footage, rent and lease terms in New York, and free calculators to run your own numbers.
How much is commercial rent in NYC? Per square foot, by borough
What NYC office, retail and industrial buildings collect per square foot in each borough, from the city's own filings, with the monthly math and the costs on top of rent.
Good guy guarantee in NYC commercial leases
How a good guy guarantee works in a NYC commercial lease: what it covers, how the guarantor gets released, what to negotiate and the 2025 surrender ruling.
Retail lease terms in New York: percentage rent, escalations and more
A New York retail lease covers much more than rent. Here is what percentage rent, escalations, pass-throughs, use clauses and restaurant terms mean for you.