Retail/Commercial Property for Lease – 537 8th Avenue, New York, NY 10018
Asking Rent: $20,000 / Month
Sale Type: Lease – Retail / Showroom / Office
Property Type: Ground-Floor Retail or Commercial Space
Location: Urban – Midtown Manhattan / Garment District (10018)
Availability: Immediate
Property Overview
537 8th Avenue offers 2,700 SF of retail/commercial space in the heart of Midtown’s Garment District, a high-density corridor with strong commuter and tourist traffic. Located between Penn Station, Port Authority, and Times Square, the property benefits from a 24/7 pedestrian base and accessibility to NYC’s largest transportation hubs.
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The flexible floorplate makes it suitable for retailers, showrooms, fitness/wellness operators, or quick-service food and beverage tenants seeking strong visibility in Midtown Manhattan.
Key Features
- Size: 2,700 SF
- Asking Rent: $20,000 / month (~$89 PSF annualized)
- Configuration: Open floor layout, adaptable for retail or service uses
- Frontage: Excellent visibility along 8th Avenue
- Market Segment: Retail, food & beverage, service, showroom, or office support space
Market Profile
- Submarket: Midtown / Garment District – dense commercial corridor with high daytime population and consistent commuter traffic
- Demand Drivers: Penn Station (Amtrak, LIRR, NJ Transit), Port Authority, Times Square tourism, and Midtown office workers
- Target Tenants: Value-oriented retail, quick-service dining, fitness/wellness, showrooms, or professional services
- Competitive Advantage: Lower rent per SF than Times Square and Herald Square, while benefiting from the same commuter/tourist foot traffic
Financial Highlights
- Asking Rent: $20,000 / month
- Size: 2,700 SF
- Asking Rent per SF (Annualized): ~$89/SF
- Lease Type: Negotiable; long-term tenants preferred
- Upside Potential: Strong value positioning for operators seeking Midtown exposure without premium Times Square rents
Location Advantages
- Neighborhood: Midtown Garment District – high-density commercial and retail corridor
- Proximity: Steps from Penn Station, Port Authority, Times Square, and Herald Square shopping district
- Transit: Served by A/C/E, 1/2/3, N/Q/R/W, and 7 subway lines, plus regional commuter rail
- Tenant Demand: Consistently strong from retailers and service operators targeting commuter/tourist-driven traffic
Summary
The 2,700 SF retail/commercial space at 537 8th Avenue is offered at $20,000/month (~$89/SF annualized). With its strategic Midtown location near Penn Station and Port Authority, the property is an excellent opportunity for retailers, food operators, or service tenants seeking steady foot traffic at a competitive rent.
