28 E 72nd St
New York, NY 10021
28 East 72nd Street · Retail Property For Sale

The subject offering is a five-story 8,476 square foot commercial townhouse located on 72nd Street, one building off the corner of Madison Avenue in Manhattan. The offering consists of a five-story townhouse which is currently occupied by an art gallery on the ground floor, two studio apartments and a two-story duplex apartment. The lower level is leased to Ralph Lauren for additional storage space for their adjoining building. The building is zoned C5-1, and it is built 18 x 80. In addition, it is tax class 2B. The building recently received a Certificate of Occupancy for retail for the entire building, allowing this location to become a showroom/flagship for a luxury retailer looking for a presence in the top luxury shopping corridor in Manhattan. The property has fully approved plans. The plans have also been fully approved by Landmarks. The property is located right in the heart of the Madison Avenue Retail Corridor, where retail rents average over $1,600 per square foot. The property is next door to Ralph Lauren' s flagship location, and it is surrounded by luxury retailers Prada, Tom Ford, Cartier, Christian Louboutin, Carolina Herrera, as well as the Apple Store and the Met Breur, the Met' s contemporary and modern art wing.