Chrysler Building

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  • 135 E 42nd St New York City New York 10174 United States
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1REC's Take
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1REC's Take
Pros

✔ Iconic architecture ✔ Central location ✔ Proximity to major transportation hubs

Cons

✘ No residential options ✘ Limited retail and dining options ✘ Busy and touristy

Shopper Profile

✦ Professionals: Working in nearby offices ✦ Tourists: Visiting iconic building ✦ Preferences: Quick dining, convenience stores, business services

About Location
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.
Trade Area Summary

Basic Demographics

Median Household Income: $98,526
Consumer Expenditure: $56,730,709,990
Population: 1,477,302
Daytime Population: 2,597,085
Source Notes: Data reflects 20 minute drive times as of Q3 2023 (Experian) and is provided by Dallimore & Co, a boutique advisory firm specializing in growth strategy, real estate solutions, and M&A for specialty retail and consumer brands.

Household Segment Breakdown

Segment #1: G – Educated Urbanites (86%)
Segment #2: A – Ultra Wealthy Families (6%)
Segment #3: H – Young Professionals (5%)
All Other Segments: 2%

Source Notes: Segment data reflects 0.25mi radius and is provided by Spatial.ai, an AI-Powered segmentation platform for retail marketers.

Occupancy
Tenant Sales per Square Foot: $700
Occupancy Rate: 92%
Anchor Tenants: None
Tenant Rent/Sales Ratio (%): 21.4% – 42.9%
Rent $ / Visitor: $50 – $100
Source Notes: Data sourced from public and private records.
Know Before You Go
Preferred ISP(s)
Spectrum, Verizon Fios
Estimated Permit Timeline (weeks)
8-12
Landmarks Risk
High
Union Labor Disharmony Likelihood
High
Recommended Vendors' Links 🔗

Local Broker: Retail by MONA

Building Surveyor: DrafterMax

Permit Expeditor: Rizzo-Brookbridge

Licensed Architect: Be Featured! Contact Us

Store Designer: Be Featured! Contact Us

Real Estate Attorney: Be Featured! Contact Us

General Contractor: Be Featured! Contact Us

Photos
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MSA: New York-Newark-Jersey City NY-NJ-PA
Address: 135 E 42nd St
New York City
New York
10174
United States
Place Tags: Landmark
Website
Retail Type: Streets & Neighborhoods

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