Commercial Retail / Office Lease – 851 8th Avenue, New York, NY 10019
Asking Rent: $35,000/month
Lease Type: Commercial – Retail / Food & Beverage / Office / Showroom
Property Type: Ground-Floor Retail / Boutique Commercial Space
Location: Midtown West / Theater District (10019)
Availability: Immediate
Property Overview
851 8th Avenue offers a 1,600 SF ground-floor retail space in the heart of Midtown West, steps from Times Square, the Theater District, and Columbus Circle. With prime frontage on 8th Avenue and consistent daily pedestrian flow from tourists, office workers, and residents, this space is ideal for restaurants, quick-service food, boutique retail, or wellness/medical tenants.
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The property benefits from high visibility, steady foot traffic, and a location within one of Manhattan’s most active retail and entertainment corridors.
Key Features
- Total Size: ≈ 1,600 SF
- Asking Rent: $35,000/month
- Annualized Rent: ≈ $420,000
- Effective Rent per SF: ≈ $263/SF annually
- Configuration: Efficient ground-floor space with flexible layout for F&B or retail build-out
- Frontage: Strong visibility on 8th Avenue with heavy foot and vehicle traffic
- Potential Uses: Food & beverage, boutique retail, wellness, fitness, or professional services
Lease & Terms
- Base Rent: $35,000/month (~$263/SF/YR)
- Term: Negotiable
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; standard financials required (ID, company info, proof of funds)
- Tenant Responsibilities: Utilities, RE tax, and NNN typical for retail leases
Market Profile
- Location Advantage: Midtown West / Theater District – one of NYC’s busiest retail and entertainment hubs.
- Transit Access: Steps to 50th Street (C/E lines), 7th Avenue hub, Times Square–42nd Street, and Columbus Circle.
- Neighborhood Demand: Extremely strong from tourists, office workers, Broadway patrons, and residents in surrounding high-rise apartments.
- Competitive Advantage: Rare mid-size 8th Avenue frontage space, offering prime branding and exposure in a high-traffic corridor.
Summary
The 1,600 SF retail space at 851 8th Avenue is offered at $35,000/month (~$263/SF annually). With outstanding visibility, steady pedestrian flow, and a location at the crossroads of the Theater District and Midtown West, this property is a prime opportunity for restaurants, boutique retailers, or wellness operators seeking maximum exposure in Manhattan’s entertainment core.
