1 East 82nd Street
prime 3000 + sq ft ground floor office, medical retail 81st and 5th Ave
Marketing description
1 East 82nd Street – Prime Upper East Side Retail/Commercial Opportunity
Situated just off Fifth Avenue and moments from the world-renowned Metropolitan Museum of Art, 1 East 82nd Street offers an exceptional opportunity to acquire a premier ground-floor commercial space in one of Manhattan’s most prestigious and high-traffic corridors.
This expansive 3,000+ square foot ground-floor space features outstanding street presence with excellent frontage, strong visibility, and consistent foot traffic driven by both affluent Upper East Side residents and global tourism. The surrounding neighborhood is defined by luxury residential buildings, cultural institutions, and high-end retail, creating an ideal environment for flagship retail, gallery, showroom, medical, wellness, or boutique service uses.
Located along Museum Mile and just steps from Central Park, the property benefits from a rare blend of neighborhood charm and international exposure. The area consistently commands strong retail demand due to its dense, high-income demographics and proximity to major attractions.
With its generous footprint, prime location, and flexible layout, 1 East 82nd Street represents a unique investment or owner-user opportunity in a tightly held market where large-format ground-floor spaces are rarely available.
Investment highlights
1 East 82nd Street – Trophy Retail Investment | Prime Upper East Side
Positioned at the nexus of Fifth Avenue and East 82nd Street, 1 East 82nd Street represents a rare opportunity to acquire a 3,000+ SF ground-floor commercial asset in one of Manhattan’s most supply-constrained and affluent submarkets.
Located along the iconic Museum Mile—steps from the Metropolitan Museum of Art and Central Park—the property benefits from a unique convergence of institutional foot traffic, global tourism, and one of the highest-income residential populations in New York City. The Upper East Side boasts an average household income exceeding $165,000 within a one-mile radius and over 220,000 residents, supporting consistent retail demand and long-term tenancy stability.
The immediate corridor is defined by luxury retail along Madison and Fifth Avenues, with global brands and high-end boutiques driving strong rent benchmarks and reinforcing the area’s positioning as a premier retail destination.
Investment Highlights:
- Irreplaceable Location: Direct proximity to Museum Mile, one of the most visited cultural corridors in the world, anchored by institutions drawing millions annually
- Affluent Demographics: Dense concentration of high-net-worth residents and consistent discretionary spending
- Limited Supply: Large-format ground-floor spaces are exceptionally scarce in this historic, tightly held neighborhood
- Diverse Tenant Appeal: Ideal for luxury retail, gallery, medical, wellness, or experiential users seeking flagship presence
- Long-Term Appreciation: The Upper East Side continues to demonstrate resilience and evolving retail demand, supported by strong fundamentals and ongoing neighborhood reinvestment
With its scale, visibility, and premier positioning, 1 East 82nd Street offers investors a compelling combination of income stability, tenant quality, and long-term capital appreciation in a globally recognized retail corridor.
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