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254 Park Ave S
3,646 - 9,627 SF of 4-Star Retail Space Available in New York, NY 10010
all available spaces(2)
Display Rent as
- Space
- Size
- Term
- Rent
- Space Use
- Condition
- Available
Former Duane Reade Available for Sublease Ground Floor: 3,646 sf Lower Level: 5,981 sf (selling) Total: 9,627 sf Frontage: 126’ on East 20th Street; 39’ on Park Avenue South Possession: Immediate Term: Through 1/31/2026 Asking Rent: $475,000 per annum gross (includes taxes, no base year) Located in Flatiron between Madison Square Park and Union Square Anchoring the base of a luxury residential building Area includes mixture of office and residential population supporting daytime and nighttime traffic *All offers are subject to approval by Walgreens Real Estate Committee.
- Sublease space available from current tenant
- Partially Built-Out as Standard Retail Space
- Can be combined with additional space(s) for up to 9,627 SF of adjacent space
- Listed rate may not include certain utilities, building services and property expenses
- Highly Desirable End Cap Space
- Corner Space
Former Duane Reade Available for sublease. Located in Flatiron between Madison Square Park and Union Square, the area includes a mixture of office and residential population, supporting daytime and nighttime traffic. Ground Floor: 3,646 sf Lower Level: 5,981 sf (selling) Total SF: 9,627 sf Frontage: 126’ on East 20th Street; 39’ on Park Avenue South Possession: Immediate Term: Through 1/31/2026 Asking Rent: $475,000 per annum modified gross (includes taxes, no base year) *All offers are subject to approval by Walgreens Real Estate Committee.
- Sublease space available from current tenant
- Partially Built-Out as Standard Retail Space
- Can be combined with additional space(s) for up to 9,627 SF of adjacent space
- High Ceilings
- Base of a luxury residential building
- Wraparound, floor-to-ceiling windows
- Listed rate may not include certain utilities, building services and property expenses
- Highly Desirable End Cap Space
- Corner Space
- Steps away from local train access
- Elevator and escalators
- Natural light
| Space | Size | Term | Rent | Space Use | Condition | Available |
| Lower Level | 5,981 SF | Jan 2026 | £19.72 /SF/PA £1.64 /SF/MO £212.32 /m²/PA £17.69 /m²/MO £117,975 /PA £9,831 /MO | Retail | Partial Build-Out | Now |
| Ground | 3,646 SF | Jan 2026 | £70.43 /SF/PA £5.87 /SF/MO £758.15 /m²/PA £63.18 /m²/MO £256,802 /PA £21,400 /MO | Retail | Partial Build-Out | Now |
Lower Level
| Size |
| 5,981 SF |
| Term |
| Jan 2026 |
| Rent |
| £19.72 /SF/PA £1.64 /SF/MO £212.32 /m²/PA £17.69 /m²/MO £117,975 /PA £9,831 /MO |
| Space Use |
| Retail |
| Condition |
| Partial Build-Out |
| Available |
| Now |
Ground
| Size |
| 3,646 SF |
| Term |
| Jan 2026 |
| Rent |
| £70.43 /SF/PA £5.87 /SF/MO £758.15 /m²/PA £63.18 /m²/MO £256,802 /PA £21,400 /MO |
| Space Use |
| Retail |
| Condition |
| Partial Build-Out |
| Available |
| Now |
Lower Level
| Size | 5,981 SF |
| Term | Jan 2026 |
| Rent | £19.72 /SF/PA |
| Space Use | Retail |
| Condition | Partial Build-Out |
| Available | Now |
Former Duane Reade Available for Sublease Ground Floor: 3,646 sf Lower Level: 5,981 sf (selling) Total: 9,627 sf Frontage: 126’ on East 20th Street; 39’ on Park Avenue South Possession: Immediate Term: Through 1/31/2026 Asking Rent: $475,000 per annum gross (includes taxes, no base year) Located in Flatiron between Madison Square Park and Union Square Anchoring the base of a luxury residential building Area includes mixture of office and residential population supporting daytime and nighttime traffic *All offers are subject to approval by Walgreens Real Estate Committee.
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Can be combined with additional space(s) for up to 9,627 SF of adjacent space
- Corner Space
Ground
| Size | 3,646 SF |
| Term | Jan 2026 |
| Rent | £70.43 /SF/PA |
| Space Use | Retail |
| Condition | Partial Build-Out |
| Available | Now |
Former Duane Reade Available for sublease. Located in Flatiron between Madison Square Park and Union Square, the area includes a mixture of office and residential population, supporting daytime and nighttime traffic. Ground Floor: 3,646 sf Lower Level: 5,981 sf (selling) Total SF: 9,627 sf Frontage: 126’ on East 20th Street; 39’ on Park Avenue South Possession: Immediate Term: Through 1/31/2026 Asking Rent: $475,000 per annum modified gross (includes taxes, no base year) *All offers are subject to approval by Walgreens Real Estate Committee.
- Sublease space available from current tenant
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Can be combined with additional space(s) for up to 9,627 SF of adjacent space
- Corner Space
- High Ceilings
- Steps away from local train access
- Base of a luxury residential building
- Elevator and escalators
- Wraparound, floor-to-ceiling windows
- Natural light
PROPERTY FACTS FOR 254 Park Ave S , New York, NY 10010
About the Property
Selling lower level Located between Madison Square Park and Union Square At the base of a luxury residential building Area includes mixture of office and residential population supporting daytime and nighttime traffic Near the local 6 train with an entrance at 22nd Street NWC corner location with high visibility
Features and Amenities
- Concierge
- Courtyard
- Fitness Centre
- Laundry Facilities
- Doorman
- Storage Space
- Lift
- Lounge
Nearby Major Retailers
-
Power Broker Michael Riley -
Power Broker Patrick Smith -
Isabella Burnette -
JLL
Presented by
254 Park Ave S
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