For Lease – 566 Seventh Avenue, New York, NY 10018
Asking Rent: $50,000 / month
Size: 1,500 SF
Property Type: Retail
Location: Times Square / Garment District (10018)
Property Overview
566 Seventh Avenue offers a 1,500 SF ground-floor retail storefront with excellent visibility in one of Manhattan’s busiest commercial districts. Located near Times Square, Penn Station, and the Garment District, this space benefits from constant daily pedestrian traffic and high brand exposure.
Ideal for flagship retail, food & beverage, quick-service, or lifestyle operators, the property provides a strong platform for tenants seeking to establish a Midtown Manhattan presence.
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Key Features
- Total Size: ≈1,500 SF
- Asking Rent: $50,000 / month
- Annualized Rent: ≈$600,000
- Effective Rent per SF: ≈$400/SF annually
- Frontage: Prominent Seventh Avenue exposure with excellent signage opportunity
- Configuration: Efficient open layout adaptable for retail or F&B use
- Building: Mixed-use Midtown property in a heavy pedestrian corridor
Lease & Terms
- Base Rent: $50,000 / month (~$400/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 taxes, and obligations standard to retail leases
Market Profile
- Location Advantage: Steps from Times Square, Penn Station, and Broadway theaters, ensuring maximum visibility and foot traffic.
- Transit Access: Excellent connectivity via 1/2/3, A/C/E, N/Q/R/W, B/D/F/M, and PATH trains at nearby 34th Street and Times Square stations.
- Neighborhood Demand: Strong demand from food operators, fashion/lifestyle brands, and entertainment-driven retail.
- Competitive Advantage: Rare 1,500 SF Midtown storefront with premier Seventh Avenue frontage.
Summary
The 1,500 SF retail space at 566 Seventh Avenue, New York, NY 10018 is offered at $50,000/month (~$400/SF annually). With its prime Midtown location, high-profile frontage, and nonstop pedestrian traffic, this property is a standout flagship opportunity for retailers or food & beverage operators.
