Commercial Investment Property for Lease – 55 W 74th Street, New York, NY 10023
Asking Rent: $8,000 / Month
Sale Type: Lease – Boutique Retail / Commercial Space
Property Type: Ground-Floor Retail Unit
Location: Urban – Upper West Side, Manhattan (10023)
Availability: Immediate
Property Overview
55 W 74th Street offers a 400 SF boutique retail opportunity located in the heart of Manhattan’s Upper West Side. Positioned just steps from Central Park, this compact yet high-visibility storefront is ideal for specialty retailers, service providers, or experiential concepts seeking to capture neighborhood residents and steady tourist traffic.
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The property’s location on a tree-lined street between Columbus Avenue and Central Park West places it within one of New York’s most established residential and cultural enclaves. With its manageable size and premium exposure, the space is a strong fit for emerging brands or local operators looking to establish a presence in a stable, affluent submarket.
Key Features
- Total Size: 400 SF
- Asking Rent: $8,000/month (~$240/SF annualized)
- Property Type: Ground-floor boutique retail
- Location: Upper West Side, near Central Park and Columbus Avenue retail corridor
- Visibility: High pedestrian traffic from residents, professionals, and visitors to Central Park
- Configuration: Efficient small-format space, adaptable for retail or service
Market Profile
- Property Type: Boutique retail space in a highly desirable Manhattan residential district
- Target Tenant Base: Coffee/wine bars, specialty shops, wellness brands, high-end service providers
- Neighborhood Demand: The Upper West Side combines dense residential demand with steady visitor flow from cultural institutions and Central Park
- Competitive Advantage: Small-format space in a market with historically low availability of compact, high-visibility storefronts
Financial Highlights
- Asking Rent: $8,000 per month
- Annualized Rent: $96,000
- Rent per SF (Annualized): ~$240/SF
- Lease Type: To be negotiated (likely modified gross or NNN depending on landlord terms)
- Upside Potential: Strong tenant retention given neighborhood demographics; potential for premium rents in future lease cycles
Location Advantages
- Neighborhood: Upper West Side – dense residential and cultural hub of Manhattan
- Proximity: Steps to Central Park, American Museum of Natural History, Lincoln Center, and Columbus Avenue retail
- Transit: Excellent subway access (B, C, 1, 2, 3 lines), multiple bus routes
- Tenant Demand: Driven by affluent residents, professionals, and constant tourist activity
Summary
The 400 SF boutique retail unit at 55 W 74th Street is offered at $8,000/month (~$240/SF annually), providing a rare small-format retail opportunity in the Upper West Side. With its Central Park adjacency, pedestrian exposure, and affluent neighborhood base, the property is a prime option for specialty operators or service providers seeking a Manhattan flagship in a compact, efficient space.
