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VICHAM REAL ESTATE CORP. 437 Park Ave S 900 SF of Flex Space Available in New York, NY 10016
Highlights
- PRIME PARK AVENUE SOUTH LOCATION between 29th & 30th Street (NoMad / Flatiron South)
- 900 SF clean boutique commericial space in excellent condition
- Beautiful hardwood flooring with existing recessed lighting & potentila for up to 10 FT exposed ceilings via drop ceiling removal
- Large STREET-FACED WINDOW FRONTAGE ideal for branding, signage, or display
- Flexible layout suitable for medical, med-spa, beauty, office or showroom use
- 2nd Floor walk-up (no elevator) / AVAILABLE IMMEDIATELY / Build-out flexibility for qualified tenants
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor - LOFT | 900 SF | Negotiable | $189.21 CAD/SF/YR $15.77 CAD/SF/MO $170,291 CAD/YR $14,191 CAD/MO | Plus Electric |
2nd Floor - LOFT
Space includes an existing half bathroom and kitchenette. Additional layout features include a separate rear room with door (previously used as a custom shirt tailoring/work area) and an additional changing room. These areas provide flexible configuration options for a variety of commercial uses including office, medical, beauty, or showroom. Small, boutique building offering flexible access and straightforward occupancy, with minimal building restrictions compared to larger institutional properties.
- Listed lease rate plus proportional share of electrical cost
- Space is in Excellent Condition
- Private Restrooms
- Wi-Fi Connectivity
- Drop Ceilings
- Recessed Lighting
- After Hours HVAC Available
- Smoke Detector
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 900 SF | Gross Leasable Area | 3,637 SF |
| Property Type | Retail | Year Built/Renovated | 1910/2021 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 900 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 3,637 SF |
| Year Built/Renovated | 1910/2021 |
About the Property
Rare opportunity to lease a well-maintained 900 SF commercial space located on Park Avenue South between 29th and 30th Streets in the heart of NoMad / Flatiron South. This highly desirable corridor is surrounded by a strong mix of residential, office, hospitality, and retail uses, creating consistent daytime and evening activity. The space features a large street-facing window providing excellent visibility for branding, signage, or display, making it ideal for tenant-driven identity and customer-facing uses. The layout is open and flexible, allowing for a wide range of configurations depending on tenant needs. The unit is in clean condition with hardwood flooring throughout and existing recessed lighting in place. The ceiling condition offers additional flexibility, with potential for conversion to an exposed loft-style ceiling (approximately up to 10 feet) subject to tenant build-out. Located on the second floor of a well-maintained mixed-use building (walk-up, no elevator), the space is suitable for a variety of professional, medical, creative, and boutique commercial uses. Ideal uses include medical aesthetics, med-spa, dermatology, beauty services, design or architecture office, creative studio, showroom, or other boutique professional uses. The space is available immediately, with flexibility for tenant build-out to accommodate specific use requirements. A rare opportunity to secure a flexible Park Avenue South location with strong visibility and long-term potential in one of Manhattan’s most active commercial corridors.
- 24 Hour Access
Nearby Major Retailers
Presented by
Vicham Real Estate Corp.
VICHAM REAL ESTATE CORP. | 437 Park Ave S
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