Murray Hill

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  • 206 E 38th St New York City New York 10016 United States
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1REC's Take
About
Occupancy
Rents
Availabilities
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Vendors
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1REC's Take
Pros

✔ Residential community feel ✔ Convenient public transportation ✔ Numerous dining options

Cons

✘ High rent prices ✘ Limited nightlife ✘ Crowded during rush hour

Shopper Profile

✦ Young Professionals: Living in nearby apartments ✦ Families: Enjoy local parks and amenities ✦ Preferences: Casual dining, grocery stores, local shops

About Location
A blend of classic brownstones and modern apartments, Murray Hill has a youthful vibe, thanks to its resident post-grads and young professionals. Its retail reflects this mix, from lively bars to quaint cafes and boutiques. Rents here are competitive but offer some pockets of affordability, with both local and corporate landlords in the frame.
Trade Area Summary

Basic Demographics

Median Household Income: $89,758
Consumer Expenditure: $67,087,753,481
Population: 1,898,763
Daytime Population: 2,894,654
Source Notes: Data reflects 20 minute drive times as of Q3 2023 (Experian) and is provided by Dallimore & Co, a boutique advisory firm specializing in growth strategy, real estate solutions, and M&A for specialty retail and consumer brands.

Household Segment Breakdown

Segment #1: G – Educated Urbanites (85%)
Segment #2: A – Ultra Wealthy Families (11%)
Segment #3: H – Young Professionals (2%)
All Other Segments: 2%

Source Notes: Segment data reflects 0.25mi radius and is provided by Spatial.ai, an AI-Powered segmentation platform for retail marketers.

Occupancy
Tenant Sales per Square Foot: $600
Occupancy Rate: 90%
Anchor Tenants: None
Tenant Rent/Sales Ratio (%): 25% – 50%
Rent $ / Visitor: $60 – $120
Source Notes: Data sourced from public and private records.
Destination Rents
Average Rent (psf): $147
Median Rent (psf): $112
Rent Range (psf): $112-$177
Rent Variability: High
Source Notes: Data provided by Retail by MONA, a New York based brokerage firm.
Availabilities
Know Before You Go
Preferred ISP(s)
Spectrum, Verizon
Estimated Permit Timeline (weeks)
6-8
Landmarks Risk
Medium
Union Labor Disharmony Likelihood
Medium
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Local Broker: Retail by MONA

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Murray Hill
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MSA: New York-Newark-Jersey City NY-NJ-PA
Address: 206 E 38th St
New York City
New York
10016
United States
Place Tags: NYC
Retail Type: Streets & Neighborhoods

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