Upper East Side
UES submarket primer for institutional principals: Madison Avenue luxury retail PSF, Park Avenue Class A office cap rates, pre-war elevator multifamily benchmarks (4.0-5.0% free-market, 5.5-7.0% rent-stabilized), and townhouse comps east of Fifth. For UES multifamily investment specifically, see Upper East Side Multifamily.
Madison Ave Rent/SF
Cap Rate Range
Median HH Income
Cultural District
Upper East Side Submarkets
Madison Avenue Corridor
Madison Avenue from 57th to 86th Streets. Luxury boutiques, galleries, and flagship stores paying the highest retail rents uptown.
Park Avenue Office
Park Avenue office addresses, mostly low-rise professional buildings leased to medical practices and financial firms.
Third/Lexington Commercial
Neighborhood retail and service businesses along Third and Lexington Avenues. Local tenants keep these storefronts leased.
Property Types on the Upper East Side
Retail Condos
Avg: 3,000 SF
Mixed-Use
Avg: 20,000 SF
Office Buildings
Avg: 50,000 SF
Townhouse Commercial
Avg: 8,000 SF
Upper East Side Transactions
View All Deals →Upper East Side Real Estate FAQ
What is the average cap rate for Upper East Side commercial properties?
Upper East Side cap rates range from 4.0% to 6.0% depending on location and property type. Prime Madison Avenue retail trades at 4.0-4.5%. Third Avenue neighborhood retail can reach 5.5-6.0%. A wealthy residential base and very little commercial supply keep values high.
What types of commercial properties are available on the Upper East Side?
Madison Avenue luxury retail, Park Avenue office buildings, neighborhood retail on Third and Lexington Avenues, mixed-use buildings, and commercial townhouses. Most of it serves the neighborhood's wealthy residents.
What makes Upper East Side attractive for commercial investment?
One of NYC's wealthiest residential populations, and not much commercial space to serve it. Madison Avenue is still one of the city's top luxury retail streets. Household incomes, good schools, and institutions like the Met and the Guggenheim keep retail and office demand steady.
How do I sell a commercial property on the Upper East Side off-market?
Skyline Properties handles confidential off-market Upper East Side sales, including the $47M sale of 711 Madison Avenue. We bring owners qualified buyers: family offices, private investors, and institutions that want a position in this neighborhood. Call Robert Khodadadian for a confidential valuation.
Own Property on the Upper East Side?
Get a confidential valuation from Robert Khodadadian, who has closed $976M+ in transactions, including 711 Madison Avenue, and knows the qualified buyers looking for Upper East Side properties.