Commercial Retail Space for Lease – 24 West 45th Street, New York, NY 10036

Asking Rent: $40,000 / Month
Size: 1,636 SF
Price per SF: ~$294 / SF annually
Property Type: Retail / Food & Beverage / Service / Flagship Concept
Location: Midtown – Bryant Park / Times Square Corridor (10036)
Availability: Immediate

Property Overview

24 West 45th Street offers 1,636 square feet of prime retail space situated between Fifth Avenue and Sixth Avenue, placing it at the heart of one of Manhattan’s busiest commercial districts. Located just steps from Bryant Park, Times Square, and international corporate headquarters, this location benefits from massive pedestrian traffic throughout the day and night.

The layout is ideal for premium food & beverage operators, upscale service brands, boutique retailers, or flagship concepts seeking maximum exposure in Midtown’s core.

Key Features

• Total Size: 1,636 SF
• Asking Rent: $40,000/month ($480,000 annually)
• Price per SF: ~$294 annually
• Use Flexibility:
  • Restaurant / café / grab-and-go food
  • Dessert or beverage brands
  • Boutique or specialty retail
  • Wellness / salon / barbershop
  • High-traffic service brands
  • Experiential or brand activation space
• Frontage: Strong West 45th Street visibility
• Condition: Flexible open floor plan ready for tenant buildout
• Foot Traffic: Extremely heavy—tourists, office workers, hotel guests, and local commuters

Market Profile

Target Tenants:

• National or international food brands
• High-growth franchise concepts
• Coffee, bakery, juice, dessert, fast-casual operators
• Tech retail, phone repair, or electronics
• Wellness, beauty, or personal services
• Boutiques and experiential retail concepts

Neighborhood Demand:
Midtown remains one of the highest foot-traffic markets in the world, with thousands of workers, tourists, hotel guests, and shoppers passing through daily. Spaces along 45th Street between 5th and 6th Avenue rarely become available.

Competitive Advantage:
At $40,000/month for 1,636 SF, this location provides enormous brand visibility at a competitive Midtown rate—ideal for tenants needing maximum exposure.

Financial Highlights

• Monthly Rent: $40,000
• Annual Rent: $480,000
• Price per SF: ~$294 annually
• Lease Terms: Direct lease; negotiable
• Additional Costs: Utilities + potential tax/CAM pass-throughs (confirm with landlord)

Location Advantages

Neighborhood: Midtown – Bryant Park / Times Square

Proximity:

• Steps to Bryant Park, Times Square, and Fifth Avenue
• Surrounded by Class A office towers, law firms, financial institutions
• Near multiple hotels, high-end retail, and corporate campuses
• 3–5 minute walk to Rockefeller Center

Transit:

• Steps to B/D/F/M, 7, N/Q/R/W, 1/2/3 lines
• Walking distance to Grand Central
• One of the most connected areas in NYC

Foot Traffic:

• Massive daily traffic from office workers, tourists, and hotel guests
• Strong breakfast, lunch, and after-work demand
• Excellent visibility for destination retail or food concepts

Summary

The 1,636 SF retail space at 24 West 45th Street offers world-class Midtown exposure priced at $40,000/month (~$294/SF annually). Located between Fifth and Sixth Avenue, this high-visibility storefront is perfect for restaurants, cafés, dessert brands, boutique retailers, or flagship concepts seeking a dominant presence in one of Manhattan’s busiest and most lucrative commercial districts.