Retail

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.

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.