Retail Space Up for Grabs at Century-Old Emmet Building
Al Barbarino March 26, 2014, 8 a.m.
Winick Realty Group is marketing a 20,555-square-foot multi-level retail opportunity at 95 Madison Avenue.
In a statement announcing the offering, the firm stated that part of the Emmet Building’s appeal lies in its proximity to notable hotels, retail outposts and residential developments sprouting in the heart of Madison Square’s furniture district.
“The Emmet Building is surrounded by an impressive roster of retailers, including Fendi, Natuzzi and DDC,” said Winick Realty Group President Steven Baker, who is exclusively marketing the space with Darrell Rubens, Ross Burack and Jeremy Schwartz. “We envision this site as a great opportunity for a high-end furniture retailer to lease all three floors and create a brand headquarters with a showroom or design center component.”
The “100-year-old architectural gem,” as Winick referred to the property, located between East 28th and East 29th Street, also lies in proximity to the Nomad Hotel, Flatiron Hotel, Gansevoort Hotel and Virgin Hotel, which is currently under construction.
The building boasts many of its original features, including ceilings taller than 17 feet on the retail space’s 4,000-square-foot ground floor. The balance of the square footage consists of a 435-square-foot mezzanine and the second and third floors, each of which measures 8,060 square feet.
“The retail at 95 Madison Avenue is subject to 24/7 foot traffic as it is surrounded by many of the area’s top hotels… as well as new residential developments including One Madison Park and 10 Madison West,” the statement read.
Published reports suggested that the ground floor could command as much as $150 per square foot.