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.
