For Lease – 275 Seventh Avenue, New York, NY 10001
Asking Rent: $30,000 / Month
Size: 949 SF
Property Type: Retail
Location: Chelsea / Penn District (10001)
Property Overview
275 Seventh Avenue offers a 949 SF retail storefront in the heart of Chelsea, just steps from Penn Station and the Fashion Institute of Technology (FIT). With strong daily foot traffic from commuters, students, and neighborhood residents, this location is ideal for boutique retail, café, grab-and-go food, wellness, or service-oriented tenants seeking a compact yet visible presence along Seventh Avenue.
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Key Features
- Total Size: 949 SF
- Asking Rent: $30,000 / month
- Annualized Rent: ≈$360,000
- Effective Rent per SF: ≈$379/SF annually
- Frontage: Prominent Seventh Avenue exposure with strong branding and signage potential
- Configuration: Efficient rectangular layout suitable for retail or F&B concepts
- Building: Mixed-use Midtown property surrounded by residential towers, schools, and office buildings
Lease & Terms
- Base Rent: $30,000 / month (~$379/SF/YR)
- Term: Negotiable (long-term preferred)
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; tenant financials required
- Tenant Responsibilities: Utilities, real estate taxes, and standard retail obligations
Market Profile
- Location Advantage: Situated near Penn Station, FIT, Madison Square Garden, and Chelsea’s residential/office mix, ensuring consistent pedestrian activity.
- Transit Access: Steps from 1/2/3 and A/C/E lines at Penn Station, plus N/Q/R/W and PATH trains at 34th Street–Herald Square.
- Neighborhood Demand: High demand from fashion, wellness, QSR, and service operators looking for small-format spaces in Chelsea/Penn District.
- Competitive Advantage: Rare sub-1,000 SF storefront with prime Seventh Avenue visibility and commuter/student-driven traffic.
Summary
The 949 SF retail space at 275 Seventh Avenue, New York, NY 10001 is offered at $30,000/month (~$379/SF annually). With its compact size, high-traffic location, and flexible layout, this property represents a strong opportunity for boutique retailers and food operators seeking visibility in Chelsea and the Penn District.
