Retail

For Lease – 1 Herald Square, New York, NY 10001

Asking Rent: $40,000 / Month
Size: 808 SF
Property Type: Retail
Location: Herald Square / Penn District (10001)

Property Overview

1 Herald Square offers an 808 SF retail storefront at one of Manhattan’s most iconic intersections—where Sixth Avenue, Broadway, and 34th Street converge. This location delivers unparalleled visibility and some of the city’s highest pedestrian counts, driven by nearby Macy’s flagship, Penn Station, Madison Square Garden, and the 34th Street retail corridor. Perfect for flagship boutique retail, quick-service dining, specialty café, or wellness/service brands seeking maximum exposure in Midtown.

Key Features

• Total Size: ≈808 SF
• Asking Rent: $40,000 / month
• Annualized Rent: ≈$480,000
• Effective Rent per SF: ≈$594/SF annually
• Frontage: Exceptional Herald Square frontage with global branding visibility
• Configuration: Efficient floorplan adaptable for retail or QSR concepts
• Building: High-profile mixed-use property surrounded by national retailers and iconic NYC destinations

Lease & Terms

• Base Rent: $40,000 / month (~$594/SF/YR)
• Term: Negotiable (long-term flagship tenancy preferred)
• Availability: Immediate / by agreement
• Due at Signing: First month + security deposit; tenant financials required
• Tenant Responsibilities: Utilities, RE taxes, and obligations standard to retail leases

Market Profile

Location Advantage: Located at the nexus of Midtown retail, steps from Macy’s Herald Square, Penn Station, and the 34th Street shopping corridor.

Transit Access: Directly above the 34th Street–Herald Square subway hub (B/D/F/M, N/Q/R/W) and minutes to Penn Station (1/2/3, A/C/E, LIRR, Amtrak, NJ Transit).

Neighborhood Demand: One of NYC’s strongest retail submarkets, consistently attracting fashion, lifestyle, food & beverage, and global flagship tenants.

Competitive Advantage: Rare sub-1,000 SF Herald Square storefront offering world-class branding and nonstop foot traffic.

Summary

The 808 SF retail space at 1 Herald Square, New York, NY 10001 is offered at $40,000/month (~$594/SF annually). With unmatched visibility, nonstop pedestrian flow, and a Midtown flagship location, this property represents a premier opportunity for boutique tenants or international brands seeking a high-profile Manhattan presence.