Commercial Property for Lease – 520 W 28th Street, New York, NY 10001

Asking Rent: $45,000 / Month
Size: 3,447 SF
Price per SF: ~$157 / SF annually
Property Type: Retail / Gallery / Creative Office
Location: West Chelsea – High Line / Hudson Yards District
Availability: Immediate

Property Overview

520 W 28th Street offers 3,447 sq. ft. of premier commercial space in the heart of West Chelsea’s gallery and design district, directly adjacent to the High Line and Hudson Yards.

The property benefits from world-class architecture and high foot traffic generated by the surrounding art galleries, luxury residential towers, and cultural institutions. It is ideally suited for art galleries, showrooms, design studios, boutique retail, or high-end dining concepts.

Key Features

• Total Size: 3,447 SF
• Asking Rent: $45,000/month ($540,000 annually)
• Price per SF: ~$157 annually
• Frontage: Modern architectural façade with strong High Line visibility
• Use Flexibility: Retail, gallery, creative office, or boutique food & beverage
• Condition: Contemporary, high-spec space ready for immediate customization

Market Profile

• Target Tenants: Art galleries, luxury design showrooms, boutique retailers, creative studios, or upscale dining operators
• Neighborhood Demand: Chelsea/High Line corridor is a global destination for art, culture, and design, with strong demand from both tourists and local residents
• Competitive Advantage: Positioned at the intersection of High Line foot traffic and Hudson Yards development, offering long-term growth potential

Financial Highlights

• Monthly Rent: $45,000
• Annual Rent: $540,000
• Price per SF: ~$157 annually
• Lease Terms: Direct lease, negotiable
• Upside Potential: Rare High Line–adjacent retail/gallery space with premium demographics and consistent traffic

Location Advantages

• Neighborhood: West Chelsea – High Line / Hudson Yards
• Proximity: High Line Park, Hudson Yards, Chelsea Market, and the Whitney Museum
• Transit: Close to A/C/E and 7 subway lines, Penn Station, and Hudson Yards Terminal
• Foot Traffic: High, driven by art tourism, cultural visitors, and affluent residents

Summary

The 3,447 sq. ft. space at 520 W 28th Street is a prime West Chelsea commercial leasing opportunity. At $45,000/month (~$157/SF annually), it offers prestige, cultural adjacency, and strong visibility for art galleries, design showrooms, or boutique retailers seeking long-term presence along the High Line and Hudson Yards corridor.