Retail

Commercial Lease – 256 West 38th Street, New York, NY 10018

Asking Rent: $60,000/month
Lease Type: Commercial – Retail / Showroom / Creative Office
Property Type: Ground-Floor Retail / Midtown Showroom Space
Location: Midtown West / Garment District (10018)
Availability: Immediate

Property Overview

256 West 38th Street offers a 2,967 SF retail/showroom opportunity in the heart of Midtown’s Garment District, just steps from Penn Station, Times Square, and Hudson Yards. This location benefits from exceptional commuter traffic, strong garment/fashion adjacency, and proximity to major office towers.

The space is well-suited for showrooms, apparel/fashion retailers, creative offices, or service-based operators seeking a Midtown address with high visibility and convenient transit access.

Key Features

• Total Size: ≈ 2,967 SF
• Asking Rent: $60,000/month
• Annualized Rent: ≈ $720,000
• Effective Rent per SF: ≈ $243/SF annually
• Configuration: Flexible open-plan layout, adaptable for retail or showroom build-outs
• Frontage: West 38th Street exposure with steady pedestrian and vehicle traffic
• Potential Uses: Fashion showroom, apparel/retail, creative office, boutique fitness/wellness, service retail

Lease & Terms

• Base Rent: $60,000/month (~$243/SF/YR)
• Term: Negotiable
• Availability: Immediate / by agreement
• Due at Signing: First month + security deposit; company financials required
• Tenant Responsibilities: Utilities, RE tax, and typical retail lease obligations

Market Profile

• Location Advantage: Prime Midtown West corridor between Times Square, Hudson Yards, and Penn Station, with heavy daily commuter activity.
• Transit Access: Steps from Penn Station (1/2/3, A/C/E, LIRR, NJ Transit, Amtrak) and Times Square–42nd Street (N/Q/R/W, 7, S).
• Neighborhood Demand: Strong from fashion showrooms, creative agencies, food & beverage, and service operators leveraging commuter and office density.
• Competitive Advantage: Rare sub-3,000 SF Midtown retail/showroom with frontage and high daily visibility at a competitive rent/SF.

Summary

The 2,967 SF retail/showroom space at 256 West 38th Street, New York, NY 10018 is offered at $60,000/month (~$243/SF annually). With its Midtown West location, commuter-driven traffic, and versatile configuration, the property is a strong opportunity for fashion, retail, showroom, or creative office tenants seeking presence in one of Manhattan’s busiest districts.