Commercial Lease – 256 West 38th Street, New York, NY 10018
Asking Rent: $60,000/month
Lease Type: Commercial – Retail / Showroom / Creative Office
Property Type: Ground-Floor Retail / Midtown Showroom Space
Location: Midtown West / Garment District (10018)
Availability: Immediate
Property Overview
256 West 38th Street offers a 2,967 SF retail/showroom opportunity in the heart of Midtown’s Garment District, just steps from Penn Station, Times Square, and Hudson Yards. This location benefits from exceptional commuter traffic, strong garment/fashion adjacency, and proximity to major office towers.
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The space is well-suited for showrooms, apparel/fashion retailers, creative offices, or service-based operators seeking a Midtown address with high visibility and convenient transit access.
Key Features
- Total Size: ≈ 2,967 SF
- Asking Rent: $60,000/month
- Annualized Rent: ≈ $720,000
- Effective Rent per SF: ≈ $243/SF annually
- Configuration: Flexible open-plan layout, adaptable for retail or showroom build-outs
- Frontage: West 38th Street exposure with steady pedestrian and vehicle traffic
- Potential Uses: Fashion showroom, apparel/retail, creative office, boutique fitness/wellness, service retail
Lease & Terms
- Base Rent: $60,000/month (~$243/SF/YR)
- Term: Negotiable
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; company financials required
- Tenant Responsibilities: Utilities, RE tax, and typical retail lease obligations
Market Profile
- Location Advantage: Prime Midtown West corridor between Times Square, Hudson Yards, and Penn Station, with heavy daily commuter activity.
- Transit Access: Steps from Penn Station (1/2/3, A/C/E, LIRR, NJ Transit, Amtrak) and Times Square–42nd Street (N/Q/R/W, 7, S).
- Neighborhood Demand: Strong from fashion showrooms, creative agencies, food & beverage, and service operators leveraging commuter and office density.
- Competitive Advantage: Rare sub-3,000 SF Midtown retail/showroom with frontage and high daily visibility at a competitive rent/SF.
Summary
The 2,967 SF retail/showroom space at 256 West 38th Street, New York, NY 10018 is offered at $60,000/month (~$243/SF annually). With its Midtown West location, commuter-driven traffic, and versatile configuration, the property is a strong opportunity for fashion, retail, showroom, or creative office tenants seeking presence in one of Manhattan’s busiest districts.
