Commercial Property for Lease – 142 W 72nd Street, New York, NY 10023

Asking Rent: $40,000 / Month
Size: 1,300 SF
Price per SF: ~$369 / SF annually
Property Type: Retail
Status: Available

Property Overview

142 W 72nd Street offers 1,300 SF of prime retail space in the heart of the Upper West Side. Located on a high-visibility block between Columbus and Amsterdam Avenues, the property benefits from strong pedestrian traffic, dense residential population, and proximity to cultural and shopping destinations.

This boutique space is ideal for specialty retail, wellness, or food operators seeking a premier Upper West Side address.

Key Features

• Total Size: 1,300 SF
• Asking Rent: $40,000/month ($480,000 annually)
• Price per SF: ~$369 annually
• Use Flexibility: Retail, boutique services, wellness, or food/coffee concepts
• Frontage: Prominent 72nd Street exposure with excellent signage opportunities
• Condition: Lease-ready; adaptable for build-out

Market Profile

• Target Tenants: Fashion and specialty retailers, boutique fitness/wellness studios, cafés, or personal services
• Neighborhood Demand: The Upper West Side is one of Manhattan’s most established residential markets, with affluent demographics and strong demand for neighborhood-oriented retail
• Competitive Advantage: At ~$369/SF, this space offers high branding visibility on a corridor with consistent foot traffic and a strong resident base

Financial Highlights

• Monthly Rent: $40,000
• Annual Rent: $480,000
• Price per SF: ~$369 annually
• Lease Terms: Direct lease; negotiable
• Upside Potential: Branding opportunity on a prime Upper West Side block near transit and cultural anchors

Location Advantages

• Neighborhood: Upper West Side (72nd Street Corridor)
• Proximity: Central Park, Lincoln Center, and nearby residential towers
• Transit: Steps to 72nd Street station (1/2/3 lines) and 72nd Street Q train
• Foot Traffic: High pedestrian counts from residents, commuters, and cultural visitors

Summary

The 1,300 SF retail space at 142 W 72nd Street is offered at $40,000/month (~$369/SF annually). With strong visibility, a dense residential base, and proximity to cultural and retail landmarks, this property is ideal for boutique retailers, cafés, or wellness operators seeking a prime Upper West Side presence.