Commercial Property for Lease – 370 W 52nd Street, New York, NY 10019
Asking Rent: $15,000 / Month
Size: 1,000 SF
Price per SF: ~$180 / SF annually
Property Type: Retail / Restaurant / Community Use
Location: Midtown West – Hell’s Kitchen / Theater District (10019)
Availability: Immediate
Property Overview
370 West 52nd Street offers a 1,000 SF retail/commercial space in the heart of Hell’s Kitchen, steps from the Theater District and Midtown employment hubs. With strong visibility on West 52nd Street, this property is ideal for restaurants, specialty retail, or community-serving tenants.
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Hell’s Kitchen remains a high-demand retail and dining corridor, fueled by dense residential buildings, tourism, and office commuters.
Key Features
- Total Size: 1,000 SF
- Asking Rent: $15,000/month ($180,000 annually)
- Price per SF: ~$180 annually
- Use Flexibility: Quick-service restaurant, specialty retail, coffee shop, wellness/fitness studio, or boutique services
- Frontage: Ground-floor street exposure with steady pedestrian traffic
- Condition: Turn-key, immediate availability
Market Profile
- Target Tenants: Restaurants, grab-and-go F&B, coffee/bakeries, boutique fitness, or neighborhood-serving retail
- Neighborhood Demand: Midtown West / Hell’s Kitchen has a large residential base, heavy tourist activity, and Theater District crowds
- Competitive Advantage: At $180/SF, rents are lower than Times Square and Broadway frontage but still benefit from the same high-density traffic
Financial Highlights
- Monthly Rent: $15,000
- Annual Rent: $180,000
- Price per SF: ~$180 annually
- Lease Terms: Direct lease, negotiable
- Upside Potential: Strong demand for F&B and retail in Hell’s Kitchen, with opportunity to attract both locals and tourists
Location Advantages
- Neighborhood: Hell’s Kitchen / Midtown West / Theater District
- Proximity: Times Square, Broadway theaters, Columbus Circle, Hudson Yards
- Transit: A/C/E, 1, N/Q/R/W subway lines nearby; strong bus connectivity
- Foot Traffic: Tourists, theatergoers, commuters, and local residents
Summary
The 1,000 SF retail space at 370 W 52nd Street is a cost-efficient Midtown West leasing opportunity, priced at $15K/month (~$180/SF annually). With dense residential population, Theater District proximity, and strong foot traffic, it is an ideal fit for restaurants, cafes, boutique fitness, or neighborhood-serving retail tenants.
