Commercial Lease – 516 Ninth Avenue, New York, NY 10018
Asking Rent: $9,000/Month
Size: 950 SF
Lease Type: Retail
Property Type: Ground-Floor Retail Space
Location: Hell’s Kitchen / Midtown West (10018)
Availability: Immediate
Property Overview
516 Ninth Avenue offers a 950 SF boutique retail space in the heart of Hell’s Kitchen, one of Manhattan’s most dynamic dining and nightlife districts. Positioned between Penn Station, Hudson Yards, and the Theater District, the property benefits from strong commuter traffic, local residents, and a steady stream of visitors.
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The space’s efficient layout and prime Ninth Avenue frontage make it an excellent fit for food & beverage, quick-service dining, coffee, wellness, or neighborhood retail concepts.
Key Features
- Total Size: ≈950 SF
- Asking Rent: $9,000/Month
- Annualized Rent: ≈$108,000
- Effective Rent per SF: ≈$114/SF annually
- Frontage: Prominent Ninth Avenue exposure with strong signage and branding opportunity
- Configuration: Compact and efficient layout suitable for café, QSR, boutique retail, or service-based tenants
- Building: Mixed-use property with active residential and hospitality-driven co-tenancy
Lease & Terms
- Base Rent: $9,000/Month (~$114/SF/YR)
- Term: Negotiable (short- or long-term options)
- Availability: Immediate / By agreement
- Due at Signing: First month + security deposit; tenant financials required
- Tenant Responsibilities: Utilities, RE tax, and standard retail obligations
Market Profile
- Location Advantage: Located in Hell’s Kitchen, steps from Hudson Yards, the Theater District, and Port Authority, with high-volume residential and commuter foot traffic.
- Transit Access: Easy access to Times Square–42nd Street (1/2/3, N/Q/R/W, A/C/E, 7), Penn Station (LIRR, Amtrak, NJ Transit), and Port Authority bus terminal.
- Neighborhood Demand: Popular with restaurants, cafés, bars, wellness operators, and boutique retail concepts serving both residents and visitors.
- Competitive Advantage: Rare sub-1,000 SF Ninth Avenue storefront at approachable rent with strong commuter and neighborhood demand.
Summary
The 950 SF retail space at 516 Ninth Avenue, New York, NY 10018 is offered at $9,000/Month (~$114/SF annually). With its boutique size, Midtown West location, and high visibility along Ninth Avenue, this property is an excellent opportunity for retail or food & beverage tenants seeking a presence in Hell’s Kitchen.
