Retail

For Lease – PENN 1, New York, NY 10119

Asking Rent: $90,000 / Month
Available Unit Size: 3,725 SF Retail
Property Type: Prime Storefront Retail
Lease Type: Direct Lease
Location: Penn District / Midtown West, Manhattan, New York

Property Overview

Welcome to PENN 1, a premier 3,725 SF ground-floor retail space offered at $90,000 per month. Situated directly within the reimagined Penn District, this property benefits from one of Manhattan’s highest traffic counts and unmatched connectivity to Penn Station, Moynihan Train Hall, and Madison Square Garden.

The space features floor-to-ceiling glass frontage, high ceilings, and modern infrastructure, ideal for flagship retail, experiential concepts, or food & beverage operators looking to capitalize on the area’s extraordinary commuter and visitor volumes.

As part of the PENN 1 redevelopment, tenants benefit from world-class amenities, a dynamic tenant mix, and an energized pedestrian environment transforming this area into a premier live-work destination.

Key Features

• Asking Rent: $90,000 / Month
• Available Space: 3,725 SF Retail
• Property Type: Prime Ground-Floor Retail
• Lease Type: Direct Lease
• Frontage: Expansive floor-to-ceiling glass façade with strong branding visibility
• Ceiling Height: High ceilings with modern lighting and finishes
• Layout: Open configuration suitable for retail, dining, or showroom use
• Transit Access: Direct access to Penn Station (Amtrak, LIRR, NJ Transit, 1/2/3, A/C/E) and Moynihan Train Hall
• Neighborhood: Penn District / Midtown West – Manhattan’s emerging mixed-use hub

Market Profile

Location Advantage:
PENN 1 sits at the epicenter of Midtown West’s transformation, surrounded by redeveloped office towers, new hotels, and entertainment destinations. The Penn District attracts millions of commuters daily, providing unbeatable visibility for retail tenants.

Lifestyle Appeal:
Tenants benefit from proximity to Madison Square Garden, Herald Square, and Hudson Yards, along with a growing residential population and 24/7 pedestrian activity.

Competitive Advantage:
At $90,000/month for 3,725 SF, this space offers exceptional exposure and prestige within one of Manhattan’s most trafficked and fast-evolving districts.

Summary

The 3,725 SF retail space at PENN 1, New York, NY 10119, is available for $90,000/month. Combining premier Penn District visibility, high ceilings, and direct transit access, this property is ideal for flagship retail, food & beverage, or experiential concepts seeking a high-impact Midtown presence.