Fifth Avenue

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  • 16 East 52nd Street New York City New York 10022 United States
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1REC's Take
Pros

✔ Iconic shopping destination ✔ High foot traffic ✔ Prestigious retail space

Cons

✘ Extremely high rent ✘ Crowded ✘ Limited residential options

Shopper Profile

✦ Luxury Shoppers: High-income individuals ✦ Tourists: Exploring iconic shopping street ✦ Preferences: Designer stores, luxury goods

Successful Retail Uses:
Designer Stores, Luxury Goods, High-End Retail
About Location
The epitome of opulence, Fifth Avenue is a runway for global luxury brands and the A-listers who frequent them. Primarily Gen X and Boomer shoppers make this their playground, donning the latest couture as they stroll past iconic flagship stores. The real estate is as high-end as the fashion, with rents that are among the most expensive globally, often demanding long-term commitments. But it’s not just clothing and accessories; high-end jewelers and world-class department stores also find a home on this storied stretch. Landlords are typically large real estate corporations with a portfolio to match, looking for tenants that can sustain the avenue’s glittering reputation. If your brand seeks a spot in the limelight, there’s no brighter stage than Fifth Avenue.
Household Income in Trade Area: $200,000
Retail Sales in Trade Area: $3.75 billion
Population in Trade Area: 350,000
Occupancy Information
Tenant Sales per Square Foot: $1,500
Occupancy Rate: 97%
Anchor Tenants: Saks Fifth Avenue, Tiffany & Co
Tenant Rent/Sales Ratio (%): 68% – 100%
Rent $ / Visitor (relative cost of the foot traffic): $106.25
Other Notes: Data sourced from public and private records.
Destination Rents
Average Rent (psf): $1,277
Median Rent (psf): $1,184
Rent Range (psf): $1184-$1932
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 Fios
Estimated Permit Timeline (weeks)
8-10
Landmarks Risk
High
Union Labor Disharmony Likelihood
Medium
Recommended Vendors 🔗

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: Ravid Law Group

General Contractor: Be Featured! Contact Us

Photos
Fifthavenue1 superJumbo 1 768x477
Reviews

1 Reviews on “Fifth Avenue”

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

    Sort of lost its luster…rents are unjustifiably high, but obviously great for branding. If you open with lowered expectations for speed to profitability, and with lower expectations for ROIC, then it can be a great marketing investment. If you’re looking to generate EBITDA sooner while drafting on some of the traffic, probably better to pick a side street right off of Fifth.

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Get Directions
Primary Landlord: NYC
Retail Type: Streets & Neighborhoods
Address: 16 East 52nd Street
New York City
New York
10022
United States
MSA: New York-Newark-Jersey City NY-NJ-PA
Website

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