Commercial Lease – 322–326 Eighth Avenue, New York, NY 10001
Asking Rent: $90,000/month
Size: 4,801 SF
Lease Type: Retail / Food & Beverage / Showroom / Boutique Service
Property Type: Ground-Floor Retail Space
Location: Chelsea / Penn Station Corridor (10001)
Availability: Immediate
Property Overview
322–326 Eighth Avenue offers a 4,801 SF flagship retail opportunity in Chelsea, just steps from Penn Station and Madison Square Garden. With wide Eighth Avenue frontage, steady commuter and neighborhood traffic, and a large, flexible floorplan, this space is ideally suited for restaurants, showrooms, boutique fitness, specialty retail, or experiential concepts.
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This corridor benefits from a mix of office workers, commuters, and residents, making it one of Manhattan’s most dynamic and high-demand retail submarkets.
Key Features
- Total Size: ≈ 4,801 SF
- Asking Rent: $90,000/month
- Annualized Rent: ≈ $1,080,000
- Effective Rent per SF: ≈ $225/SF annually
- Configuration: Large, adaptable retail floorplate with open layout and back-of-house flexibility
- Frontage: Strong Eighth Avenue exposure with branding and signage opportunities
- Potential Uses: Restaurant, café, flagship retail, boutique fitness, gallery, showroom, service-based retail
Lease & Terms
- Base Rent: $90,000/month (~$225/SF/YR)
- Term: Negotiable (long-term preferred)
- 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: Prime Chelsea/Penn Station corridor, surrounded by Madison Square Garden, Penn Station, FIT, and major office and residential developments.
- Transit Access: Steps from Penn Station (Amtrak, LIRR, NJ Transit, A/C/E, 1/2/3), Port Authority, and multiple subway/bus lines.
- Neighborhood Demand: Strong from food & beverage operators, boutique retail, fitness/wellness, and experiential tenants serving commuters, tourists, and residents.
- Competitive Advantage: Rare sub-5,000 SF flagship space on Eighth Avenue with high visibility and consistent traffic flow.
Summary
The 4,801 SF retail space at 322–326 Eighth Avenue, New York, NY 10001 is offered at $90,000/month (~$225/SF annually). With its wide frontage, high foot traffic, and proximity to Penn Station and Madison Square Garden, this property is an excellent opportunity for flagship retail, restaurants, or lifestyle operators seeking Midtown West/Chelsea presence.
