Murray Hill

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  • 206 E 38th St New York City New York 10016 United States
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1REC's Take
About
Occupancy
Rents
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1REC's Take
Pros

✔ Residential community feel ✔ Convenient public transportation ✔ Numerous dining options

Cons

✘ High rent prices ✘ Limited nightlife ✘ Crowded during rush hour

Shopper Profile

✦ Young Professionals: Living in nearby apartments ✦ Families: Enjoy local parks and amenities ✦ Preferences: Casual dining, grocery stores, local shops

Successful Retail Uses:
Casual Dining, Grocery Stores, Local Shops
About Location
A blend of classic brownstones and modern apartments, Murray Hill has a youthful vibe, thanks to its resident post-grads and young professionals. Its retail reflects this mix, from lively bars to quaint cafes and boutiques. Rents here are competitive but offer some pockets of affordability, with both local and corporate landlords in the frame.
Household Income in Trade Area: $120,000
Retail Sales in Trade Area: $600 million
Population in Trade Area: 150,000
Occupancy
Tenant Sales per Square Foot: $600
Occupancy Rate: 90%
Anchor Tenants: None
Tenant Rent/Sales Ratio (%): 25% – 50%
Rent $ / Visitor (relative cost of the foot traffic): $60 – $120
Other Notes: Data sourced from public and private records.
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Destination Rents
Average Rent (psf): $147
Median Rent (psf): $112
Rent Range (psf): $112-$177
Rent Variability: High
Other Notes: Data provided by Retail by MONA, a New York based brokerage firm.
Know Before You Go
Preferred ISP(s)
Spectrum, Verizon
Estimated Permit Timeline (weeks)
6-8
Landmarks Risk
Medium
Union Labor Disharmony Likelihood
Medium
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Local Broker: Retail by MONA

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Primary Landlord: NYC
Retail Type: Streets & Neighborhoods
Address: 206 E 38th St
New York City
New York
10016
United States
MSA: New York-Newark-Jersey City NY-NJ-PA

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