For Lease – 421 Seventh Avenue, New York, NY 10001

Asking Rent: $60,000/Month
Unit Size: 2,475 SF
Property Type: Retail – Ground Floor
Lease Type: Direct Lease
Location: Penn District / Midtown Manhattan, New York

Property Overview

Situated directly across from Penn Station and Madison Square Garden, 421 Seventh Avenue offers a prime 2,475 SF ground-floor retail space in one of Manhattan’s busiest transit and entertainment hubs. The property benefits from some of the city’s highest daily pedestrian traffic, driven by commuters, sports fans, concertgoers, and tourists.

This retail space offers excellent street visibility, wide frontage, and flexible interiors, making it ideal for food & beverage operators, quick-service restaurants, convenience retail, or branded flagship concepts seeking maximum exposure.

Key Features

• Asking Rent: $60,000/Month
• Unit Size: 2,475 SF
• Property Type: Retail – Ground Floor
• Building Type: Mixed-Use Commercial
• Frontage: High-visibility Seventh Avenue frontage
• Lease Type: Direct Lease
• Neighborhood: Penn District / Midtown Manhattan

Market Profile

• Location Advantage: Penn Station is the busiest transit hub in North America, with more than half a million daily riders, ensuring unparalleled customer traffic. Proximity to Madison Square Garden and Herald Square adds to the retail draw.
• Lifestyle Appeal: The location attracts a diverse mix of professionals, students, and visitors, supporting a wide range of retail and dining concepts.
• Competitive Advantage: At 2,475 SF for $60,000/month, this space offers a rare chance to secure Penn District frontage at a competitive rate relative to the visibility and traffic density.

Summary

The 2,475 SF retail space at 421 Seventh Avenue, New York, NY 10001, available at $60,000/month, offers unmatched exposure in one of Manhattan’s busiest commercial corridors. With nonstop pedestrian flow from Penn Station and Madison Square Garden, this space represents an outstanding opportunity for high-visibility retail or dining operators.