For Lease – 12 Penn Plaza, New York, NY 10001
Asking Rent: $80,000 / month
Size: 6,700 SF
Property Type: Retail
Location: Penn District / Midtown West (10001)
Property Overview
12 Penn Plaza offers a 6,700 SF flagship retail space in one of Manhattan’s most trafficked districts — directly across from Penn Station and Madison Square Garden. With unmatched daily pedestrian counts from commuters, tourists, and event-goers, the space is ideally suited for flagship retail, dining concepts, fitness, or experiential operators looking for maximum visibility in Midtown West.
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Key Features
- Total Size: ≈6,700 SF
- Asking Rent: $80,000 / month
- Annualized Rent: ≈$960,000
- Effective Rent per SF: ≈$143/SF annually
- Frontage: Prominent Penn Plaza frontage with excellent signage and branding opportunities
- Configuration: Flexible floorplate adaptable for retail, restaurant, or service-based tenants
- Building: Class A Midtown office/retail property with heavy foot traffic
Lease & Terms
- Base Rent: $80,000 / month (~$143/SF/YR)
- Term: Negotiable (long-term flagship preferred)
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; tenant financials required
- Tenant Responsibilities: Utilities, RE taxes, and obligations standard for retail leases
Market Profile
- Location Advantage: Directly opposite Penn Station and Madison Square Garden — one of the busiest commuter and entertainment hubs in the U.S.
- Transit Access: Exceptional connectivity with Amtrak, NJ Transit, LIRR, A/C/E, 1/2/3, N/Q/R/W, PATH, and multiple bus routes.
- Neighborhood Demand: Unparalleled demand from global retailers, food & beverage brands, and entertainment-driven concepts.
- Competitive Advantage: Rare 6,700 SF Penn Plaza flagship opportunity with unbeatable exposure to commuter and tourist foot traffic.
Summary
The 6,700 SF retail space at 12 Penn Plaza, New York, NY 10001 is offered at $80,000/month (~$143/SF annually). With its premier location opposite Penn Station and Madison Square Garden, adaptable layout, and nonstop pedestrian visibility, this property represents a true flagship opportunity in Midtown West.
