Retail

Prime Retail Space on East 23rd Street – 121 E 23rd Street, Flatiron District / Gramercy

Address: 121 East 23rd Street, New York, NY, 10010
Price: $50,000/month
Square Feet: 2,600 SF
Type: Retail Space

Property Overview:

Located on East 23rd Street in the heart of the Flatiron District / Gramercy — one of Manhattan’s most dynamic, desirable, and centrally located neighborhoods — 121 E 23rd Street offers 2,600 SF of prime retail space at a premium price befitting this high-traffic, vibrant corridor. Ideal for fitness centers, restaurants, showrooms, experiential retail concepts, art galleries, or service-based businesses. Situated between Park Avenue South and Lexington Avenue, this space benefits from proximity to Madison Square Park, the Flatiron Building, Gramercy Park, and some of the city’s best dining, shopping, and transit.

Key Features:

Prime Flatiron District / Gramercy / East 23rd Street Location:

• Situated on East 23rd Street, a vibrant east-west thoroughfare that serves as a commercial spine connecting the Flatiron District (west), Gramercy (east), and NoMad (north) — three of Manhattan’s most dynamic, desirable, and centrally located neighborhoods.
• Located between Park Avenue South and Lexington Avenue, placing your business in a high-traffic corridor with constant foot traffic from office workers, residents, commuters, and tourists.
• Just steps from Madison Square Park (23rd-26th Streets between Fifth and Madison Avenues), a beloved neighborhood hub featuring Shake Shack, Eataly, seasonal events, art installations, and beautiful green space — generating strong foot traffic from office workers, residents, and tourists.
• Minutes from the Flatiron Building (23rd Street and Fifth Avenue), Union Square (14th Street), Gramercy Park, Chelsea, and Koreatown (32nd Street).

High-Traffic, 24/7 Corridor:

• East 23rd Street between Park Avenue South and Lexington Avenue is a heavily trafficked commercial corridor, drawing a mix of office workers, local residents, commuters, shoppers, and tourists.
• Madison Square Park serves as a central gathering place, drawing office workers for lunch breaks, meetings, and events, and creating a vibrant, energetic atmosphere.
• Strong daytime foot traffic from office workers and professionals, plus strong evening and weekend traffic from residents, tourists, and visitors to nearby restaurants and attractions.

Spacious & Flexible Retail Layout – 2,600 SF:

• 2,600 SF of generous retail space — ideally sized for a fitness center, restaurant, showroom, experiential retail concept, art gallery, or service-based business.
• Attractive storefront with excellent street-level visibility on East 23rd Street, a high-traffic corridor with constant pedestrian and vehicular flow.
• High ceilings and open floor plan with minimal columns, allowing for easy customization to fit various business needs — from fitness equipment and dining room layouts to retail displays and art installations.
• Large windows providing abundant natural light and prime window display opportunities.
• Potential for back-of-house space, kitchen, storage, office areas, or basement expansion depending on configuration.
• At $19.23 per square foot, this price reflects the premium nature of this prime location — competitive for this high-demand corridor.

Excellent Transit Access:

• Moments from the 23rd Street subway station (N, Q, R, W) on Broadway and the 23rd Street station (1) on Seventh Avenue.
• Close to the 28th Street station (N, Q, R, W) , 14th Street / Union Square station (4, 5, 6, L, N, Q, R, W) , and Herald Square / 34th Street station (B, D, F, M, N, Q, R, W) .
• Short walk to Penn Station (1, 2, 3, A, C, E) , providing LIRR, NJ Transit, and Amtrak connections.
• Multiple bus routes serve Park Avenue South, Third Avenue, and 23rd Street (M1, M2, M3, M7, M23, M55, M101, M102, M103).
• Unbeatable commuter convenience for employees and customers from all five boroughs, New Jersey, Long Island, Westchester, and beyond.

Massive, Diverse & High-Spending Customer Base:

• Office workers — thousands of professionals employed in nearby tech headquarters (Google, Meta), creative agencies, and corporate offices, generating strong weekday foot traffic and lunchtime demand.
• Local residents — affluent community of the Flatiron District, Gramercy, NoMad, and Chelsea, including young professionals, families, and longtime residents.
• Madison Square Park visitors — thousands of daily visitors to the park, including office workers, residents, tourists, and dog walkers.
• Shoppers and tourists — visitors to the Flatiron District, Union Square, and the area’s world-class shopping and dining.
• Ideal for businesses such as:
• Fitness center (gym, yoga, Pilates, cycling, CrossFit)
• Full-service restaurant or café
• Experiential retail or brand flagship
• Showroom or design studio (fashion, home, tech)
• Art gallery or exhibition space
• Medical or dental practice
• Urgent care or walk-in clinic
• Beauty salon or barbershop

Highlights:
✔ 2,600 SF of prime retail space on East 23rd Street in Flatiron District / Gramercy
✔ $50,000/month — premium location at $19.23 per square foot
✔ Attractive storefront with excellent visibility on a high-traffic corridor
✔ Steps from Madison Square Park, Flatiron Building, and Union Square
✔ High ceilings and open floor plan — ideal for fitness, restaurant, showroom, or experiential retail
✔ Massive foot traffic — office workers, residents, tourists, and shoppers
✔ Unbeatable transit access — N, Q, R, W, 1, C, E, 4, 5, 6, L, F, M, 2, 3 trains, plus Penn Station
✔ Thriving 24/7 neighborhood with strong daytime and growing evening activity

Conclusion:

121 E 23rd Street offers an exceptional opportunity for fitness operators, restaurateurs, retailers, and brands seeking prime, high-visibility retail space in the heart of the Flatiron District / Gramercy — one of Manhattan’s most dynamic, desirable, and centrally located neighborhoods, steps from Madison Square Park and the Flatiron Building. With 2,600 SF of flexible, high-ceiling space, a prime East 23rd Street location at the crossroads of Midtown South’s most vibrant districts, and access to a massive, diverse, high-spending customer base of office workers, residents, tourists, and shoppers, this property is perfect for fitness centers, restaurants, showrooms, experiential retail concepts, or art galleries looking to thrive in one of New York City’s most vibrant and centrally located neighborhoods — at a premium price befitting this prime location.

Contact us today to schedule a private tour and secure this premier Flatiron District / Gramercy retail space!