Retail Space on 57th Street Hits the Market
Gus Delaporte May 30, 2014, 11 a.m.
Eastern Consolidated is marketing a 7,500-square-foot ground-floor retail space at 225 East 57th Street, Commercial Observer has learned. Located between Second and Third Avenues, the commercial condo unit also sits directly across from Whole Foods.
“There have been a lot of big-name national brands opening up here,” said James Famularo of Eastern Consolidated, who is marketing the space. “This corridor was great and it’s getting a lot better.”
Among the possible uses for the space are a furniture store or a high-end steakhouse, Mr. Famularo suggested. A steakhouse use would likely necessitate the installation of traditional venting, he said.
“But a furniture store is very easy to put there. That’s a no-brainer,” he noted.
Mr. Famularo noted the numerous residential developments along 57th Street as another selling point of the space. “There’s not many 7,500-square-foot spaces on a main strip like this, especially with all the development in the area,” he said
The space boasts 60 feet of glass frontage on 57th Street and nine-foot high ceilings. The asking rent is $130 per square foot.