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712-714 Third Ave 1,375 SF of Retail Space Available in New York, NY 10017
SUBLEASE HIGHLIGHTS
- Prime Midtown East location near Grand Central Terminal
- Surrounded by major office towers, hotels, and retail
- High foot traffic and strong daytime population
- Dual-address frontage on Third Avenue for enhanced visibility
- Excellent access to 4/5/6, 7, and Metro-North transit lines
- Ideal for office, retail, or mixed-use repositioning
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 1,375 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Modified Gross |
Ground
400 SF of basement storage Below market asking rent 7-year term plus two five-year options Can easily be vented; Cooking permitted Excellent for fast food Heavy foot traffic
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Located in-line with other retail
- Space is in Excellent Condition
- Central Air and Heating
- High Ceilings
- Secure Storage
- Basement
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT 712-714 THIRD AVE, NEW YORK, NY 10017
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Bierhaus NYC
- Restaurant
- 1
- -
- Dunkin'
- Donut Shop
- 11,794
- International
- Wendy's
- Fast-food
- 7,159
- International
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Bierhaus NYC | Restaurant | 1 | - |
| Dunkin' | Donut Shop | 11,794 | International |
| Wendy's | Fast-food | 7,159 | International |
PROPERTY FACTS
| Total Space Available | 1,375 SF | Gross Leasable Area | 7,748 SF |
| Property Type | Retail | Year Built | 1961 |
| Property Subtype | Restaurant |
| Total Space Available | 1,375 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 7,748 SF |
| Year Built | 1961 |
ABOUT THE PROPERTY
Positioned in the heart of Midtown East, 712–714 Third Avenue offers a commanding presence along one of Manhattan’s most dynamic commercial corridors. This dual-address property sits just steps from Grand Central Terminal, placing it at the nexus of New York City’s transit infrastructure and within walking distance of major office towers, luxury hotels, and high-end retail. The building’s classic façade and architectural detailing reflect Midtown’s enduring commercial legacy, while its location provides unmatched connectivity to the city’s business, legal, and financial districts. Third Avenue is a preferred corridor for corporate headquarters, boutique firms, and institutional tenants seeking visibility and convenience. Surrounded by a vibrant mix of dining, hospitality, and cultural destinations, the property benefits from continuous foot traffic and proximity to key transit lines including the 4/5/6, 7, and Metro-North. Its adjacency to Park Avenue and Lexington Avenue further enhances its appeal to tenants and investors alike.
NEARBY MAJOR RETAILERS
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712-714 Third Ave
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