Commercial Property for Lease – 940–988 Columbus Avenue, New York, NY 10025
Asking Rent: $20,000 / Month
Size: 1,000 SF
Price per SF: ~$240 / SF annually
Property Type: Retail / Service / Boutique Office
Location: Upper West Side – Manhattan Valley / Columbia Area (10025)
Availability: Immediate
Property Overview
940–988 Columbus Avenue offers 1,000 SF of ground-floor retail space in a dense residential neighborhood of the Upper West Side, near Columbia University and Central Park North. With strong pedestrian activity and visibility on Columbus Avenue, this property is well-suited for neighborhood-serving retail, food & beverage concepts, or boutique services.
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Key Features
- Total Size: 1,000 SF
- Asking Rent: $20,000/month ($240,000 annually)
- Price per SF: ~$240 annually
- Use Flexibility: Retail, food & beverage, medical/wellness, or boutique office
- Frontage: Columbus Avenue exposure with consistent neighborhood traffic
- Condition: Lease-ready, adaptable for tenant improvements
Market Profile
- Target Tenants: Quick-service food operators, neighborhood retail, health/wellness studios, boutique service providers
- Neighborhood Demand: Manhattan Valley/Upper West Side corridor benefits from a mix of students, families, and long-term residents with steady demand for retail and services
- Competitive Advantage: At ~$240/SF annually, pricing is competitive for an Upper West Side retail corridor with proximity to Columbia University and Central Park
Financial Highlights
- Monthly Rent: $20,000
- Annual Rent: $240,000
- Price per SF: ~$240 annually
- Lease Terms: Direct lease, negotiable terms
- Upside Potential: Ability to serve a dense and diverse neighborhood customer base with long-term stability
Location Advantages
- Neighborhood: Upper West Side – Manhattan Valley / Columbia Area
- Proximity: Columbia University, Central Park North, Morningside Park, Cathedral of St. John the Divine
- Transit: Steps to B/C and 1 subway lines; M7, M11, and crosstown buses nearby
- Foot Traffic: Strong mix of students, families, and commuters
Summary
The 1,000 SF space at 940–988 Columbus Avenue is a prime Upper West Side leasing opportunity, offered at $20,000/month (~$240/SF annually). With high visibility, steady residential and student-driven demand, and flexible tenant uses, this space is ideal for food operators, wellness concepts, or service-driven retailers.
