Lenox Hill

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242 E 74th St New York City New York 10021 United States

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

Successful Retail Uses:

Upscale Retail, Fine Dining, Boutique Shops

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.

Household Income in Trade Area: $140,000

Retail Sales in Trade Area: $960 million

Population in Trade Area: 150,000

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 (relative cost of the foot traffic): $40 – $80

Other Notes: Data sourced from public and private records.

Preferred ISP(s)

Spectrum, Verizon

Estimated Permit Timeline (weeks)

6-8

Landmarks Risk

Medium

Union Labor Disharmony Likelihood

Medium

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Primary Landlord: NYC

Retail Type: Streets & Neighborhoods

Address: 242 E 74th St
New York City
New York
10021
United States

MSA: New York-Newark-Jersey City NY-NJ-PA

Lenox Hill

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