Retail

Commercial Lease – 118–120 W 27th Street, New York, NY 10001

Asking Rent: $20,000/month
Size: 3,900 SF
Lease Type: Retail / Food & Beverage / Showroom
Property Type: Ground-Floor Retail Space
Location: NoMad / Chelsea Corridor (10001)
Availability: Immediate

Property Overview

118–120 W 27th Street offers a 3,900 SF retail opportunity in the vibrant NoMad/Chelsea neighborhood. The property features a wide storefront, high ceilings, and an open layout, making it ideal for boutique retailers, restaurants, showrooms, fitness concepts, or gallery use.

Positioned between Sixth and Seventh Avenues, the space benefits from steady local and destination traffic, as well as proximity to Madison Square Park, Herald Square, and Penn Station.

Key Features

• Total Size: ≈ 3,900 SF
• Asking Rent: $20,000/month
• Annualized Rent: ≈ $240,000
• Effective Rent per SF: ≈ $62/SF annually
• Configuration: Open-plan space with flexible build-out potential
• Frontage: Wide street-level exposure on West 27th Street
• Potential Uses: Retail, showroom, restaurant/café, gallery, boutique fitness

Lease & Terms

• Base Rent: $20,000/month (~$62/SF/YR)
• Term: Negotiable (long-term preferred)
• Availability: Immediate / by agreement
• Due at Signing: First month + security deposit; financials required
• Tenant Responsibilities: Utilities, RE tax, and obligations typical for retail leases

Market Profile

Location Advantage: In the NoMad/Chelsea corridor, surrounded by tech companies, boutique hotels, restaurants, and fashion showrooms.

Transit Access: Steps from 28th Street stations (R/W, 1), close to Penn Station, Herald Square (B/D/F/M, N/Q/R/W), and PATH connections.

Neighborhood Demand: Strong from retail, dining, wellness, and lifestyle tenants catering to Midtown South professionals and residents.

Competitive Advantage: Rare sub-4,000 SF retail space with flexible configuration and competitive rent in a high-demand corridor.

Summary

The 3,900 SF retail space at 118–120 W 27th Street, New York, NY 10001 is offered at $20,000/month (~$62/SF annually). With wide frontage, flexible layout, and a prime NoMad/Chelsea location, this space is an excellent opportunity for retailers, restaurateurs, or lifestyle operators seeking presence in Midtown South.