Commercial Lease – 881–889 Eighth Avenue, New York, NY 10019
Asking Rent: $25,000/month
Lease Type: Commercial – Retail / Showroom / Food & Beverage / Creative Space
Property Type: Boutique Ground-Floor Retail Space
Location: Midtown West / Theater District (10019)
Availability: Immediate
Property Overview
881–889 Eighth Avenue offers a 900 SF boutique commercial space located in the heart of Midtown West, steps from Columbus Circle, the Theater District, and major tourist destinations. This location sees exceptionally strong pedestrian and vehicle traffic, making it a prime opportunity for boutique retail, café/food concepts, gallery/showroom, or creative services.
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With direct frontage on Eighth Avenue, the space offers rare visibility in a corridor that benefits from daily commuters, tourists, and a high-density residential population.
Key Features
- Total Size: ≈ 900 SF
- Asking Rent: $25,000/month
- Annualized Rent: ≈ $300,000
- Effective Rent per SF: ≈ $333/SF annually
- Configuration: Compact boutique layout, adaptable for retail or food-service use
- Frontage: Prominent Eighth Avenue visibility with heavy foot and vehicle traffic
- Potential Uses: Boutique retail, food & beverage, gallery, showroom, creative office/service
Lease & Terms
- Base Rent: $25,000/month (~$333/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 obligations typical for retail leases
Market Profile
- Location Advantage: Theater District / Midtown West corridor with constant activity from Broadway theaters, hotels, office workers, and tourists.
- Transit Access: Close to Columbus Circle (A/C/B/D/1), 50th Street (C/E), and Times Square–42nd Street (1/2/3, N/Q/R/W, 7, S).
- Neighborhood Demand: Strong from boutique F&B operators, specialty retail, and service businesses leveraging high-traffic visibility.
- Competitive Advantage: Rare small-format retail on Eighth Avenue with branding potential in a supply-constrained Midtown corridor.
Summary
The 900 SF boutique space at 881–889 Eighth Avenue, New York, NY 10019 is offered at $25,000/month (~$333/SF annually). With prime Theater District/Midtown West frontage, consistent pedestrian volume, and adaptable layout, the property is ideal for retailers, F&B concepts, or service providers seeking premium visibility in one of Manhattan’s busiest neighborhoods.
