Commercial Lease – 163 W 48th Street, New York, NY 10036
Asking Rent: $110,000/month
Size: 2,650 SF
Lease Type: Retail / Flagship / Food & Beverage
Property Type: Ground-Floor Retail Space
Location: Times Square / Theater District (10036)
Availability: Immediate
Property Overview
163 W 48th Street presents a 2,650 SF flagship retail opportunity in the heart of the Times Square / Theater District. With unmatched daily foot traffic, proximity to Broadway theaters, and strong visibility from both tourists and local commuters, this property is ideal for national retailers, restaurants, experiential concepts, or entertainment operators seeking a high-profile Manhattan presence.
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Key Features
- Total Size: ≈ 2,650 SF
- Asking Rent: $110,000/month
- Annualized Rent: ≈ $1,320,000
- Effective Rent per SF: ≈ $498/SF annually
- Configuration: Open ground-floor layout, adaptable for flagship retail or food & beverage build-outs
- Frontage: High-visibility West 48th Street frontage with branding opportunities
- Potential Uses: Flagship retail, restaurant, experiential concept, gallery, entertainment/attraction
Lease & Terms
- Base Rent: $110,000/month (~$498/SF/YR)
- Term: Negotiable (long-term preferred for flagship tenants)
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; tenant financials required
- Tenant Responsibilities: Utilities, RE tax, and obligations typical for retail leases
Market Profile
- Location Advantage: Steps from Times Square, Rockefeller Center, and Broadway theaters—one of the highest foot-traffic zones in the world.
- Transit Access: Close to Times Square–42nd Street hub (N/Q/R/W, 1/2/3, 7, S, A/C/E) and Rockefeller Center (B/D/F/M).
- Neighborhood Demand: Extremely strong from flagship retailers, dining operators, experiential concepts, and entertainment venues.
- Competitive Advantage: Rare sub-3,000 SF flagship retail space in Times Square with premium branding exposure.
Summary
The 2,650 SF retail space at 163 W 48th Street, New York, NY 10036 is offered at $110,000/month (~$498/SF annually). With its Theater District location, unmatched visibility, and heavy daily traffic, the property is a premier opportunity for flagship retailers, dining operators, or entertainment brands seeking to anchor a Times Square presence.
