Pros
Cons
Shopper Profile
Successful Retail Uses:
This iconic Art Deco masterpiece anchors Midtown but is more than just a skyscraper. Its vicinity is a mix of corporate hustle, tourists, and everyday NYC life. Nearby retail caters to this diverse crowd, with upscale dining and essential city services. Reflecting its central status, rents are premium, overseen majorly by institutional landlords.
Household Income in Trade Area: $100,000
Retail Sales in Trade Area: $350 million
Population in Trade Area: 80,000
Tenant Sales per Square Foot: $700
Occupancy Rate: 92%
Anchor Tenants: None
Tenant Rent/Sales Ratio (%): 21.4% – 42.9%
Rent $ / Visitor (relative cost of the foot traffic): $50 – $100
Other Notes: Data sourced from public and private records.
Preferred ISP(s)
Estimated Permit Timeline (weeks)
Landmarks Risk
Union Labor Disharmony Likelihood

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