Pros
Cons
Shopper Profile
Successful Retail Uses:
An enclave of elegance, Gramercy Park’s exclusivity is unparalleled, thanks to its private park. The area is frequented by the well-to-do, seeking its sophisticated boutiques and esteemed eateries. The rental market mirrors its elite reputation, and properties are often in the hands of longstanding local landlords, with some institutional interest.
Household Income in Trade Area: $110,000
Retail Sales in Trade Area: $720 million
Population in Trade Area: 100,000
Tenant Sales per Square Foot: $800
Occupancy Rate: 90%
Anchor Tenants: Gramercy Theatre, ABC Carpet & Home
Tenant Rent/Sales Ratio (%): 18.75% – 37.5%
Rent $ / Visitor (relative cost of the foot traffic): $33.75 – $67.5
Other Notes: Data sourced from public and private records.
Preferred ISP(s)
Estimated Permit Timeline (weeks)
Landmarks Risk
Union Labor Disharmony Likelihood

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