Commercial Investment Property for Lease – 1384 Broadway, New York, NY 10018
Asking Rent: $5,000 / Month
Price per Sq. Ft.: $85 / SF (Annualized)
Space Available: 707 Sq. Ft.
Lease Type: Commercial / Retail or Office
Location: Midtown Manhattan – Garment District
Availability: Immediate
Property Overview
1384 Broadway offers a prime 707 sq. ft. retail/office opportunity in Midtown Manhattan’s Garment District. With heavy foot traffic, strong visibility, and proximity to Herald Square and Penn Station, the property is ideal for tenants seeking a boutique storefront, professional office, or service-oriented business presence.
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The building benefits from Broadway frontage and access to major transportation hubs, making it well-positioned for both local customers and commuters.
Key Features
- Total Space: 707 sq. ft.
- Asking Rent: $5,000 / month (approx. $85/SF annualized)
- Lease Type: Flexible commercial use (retail, office, or showroom)
- Building Type: Mixed-use commercial property in Midtown Manhattan
- Visibility: Broadway frontage with strong pedestrian and vehicle traffic
- Condition: Ready for immediate occupancy
Market Profile
- Tenant Opportunities: Ideal for small retailers, boutique fitness/wellness, creative office, or service businesses
- Demand Profile: Midtown Manhattan remains one of NYC’s highest-demand office/retail submarkets, with strong tourism, local workforce, and commuter traffic
- Comparable Rents: Similar Midtown Broadway spaces lease between $75–$100/SF depending on visibility and build-out
Financial Highlights
- Monthly Rent: $5,000
- Annualized Rent: $60,000
- Price per SF: $85
- Lease Terms: Negotiable (availability immediate)
- Upside Potential: Attractive rent level compared to Class A Midtown retail, strong visibility, stable long-term tenant demand
Location Advantages
- Neighborhood: Garment District – Midtown Manhattan
- Transit: Near Penn Station, Herald Square (B/D/F/M/N/Q/R/W/1/2/3/7 trains), PATH, and major bus routes
- Surroundings: Surrounded by fashion showrooms, retail, dining, and major office buildings
- Foot Traffic: Heavy, driven by tourism, commuters, and local workforce
Summary
The 707 sq. ft. commercial unit at 1384 Broadway offers a well-located Midtown space at a competitive rent of $5,000/month. Its prime Broadway frontage, strong transit access, and flexible use potential make it an ideal choice for retail, office, or showroom tenants seeking visibility in one of NYC’s most dynamic business districts.
