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.
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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.
