Commercial Lease – 37–39 W 17th Street, New York, NY 10011
Asking Rent: $40,000/month
Size: Approx. 2,500 SF
Lease Type: Retail / Showroom / Office / Service
Property Type: Ground-Floor Commercial Space
Location: Chelsea / Flatiron (10011)
Availability: Immediate
Property Overview
37–39 West 17th Street offers approximately 2,500 square feet of prime ground-floor commercial space in the highly sought-after Chelsea/Flatiron corridor. Positioned on a strong cross street with consistent foot traffic and excellent proximity to major avenues, the space is ideal for brands and operators seeking visibility, convenience, and a central Manhattan presence.
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The location supports a wide range of users including boutique retail, showroom concepts, wellness operators, galleries, and professional services, benefiting from nearby residential density, office population, and destination retail activity.
Financial Highlights
- Asking Rent: $40,000/month
- Annualized Rent: ≈ $480,000
- Effective Rent per SF: ≈ $192/SF annually
Key Features
- Approx. 2,500 SF ground-floor footprint
- Flexible layout suitable for multiple build-outs
- Strong West 17th Street presence with branding potential
- Ideal for retail, showroom, studio, gallery, wellness, or office/service
- Excellent Chelsea/Flatiron positioning near major transportation and retail corridors
Lease & Terms
- Base Rent: $40,000/month (~$192/SF/YR)
- Term: Negotiable
- Availability: Immediate
- Due at Signing: First month’s rent + security deposit; tenant financials required
- Tenant Responsibilities: Utilities and standard commercial lease obligations
Market Profile
- Prime Chelsea/Flatiron corridor near Fifth, Sixth, and Seventh Avenue access
- Surrounded by restaurants, boutiques, offices, and dense residential buildings
- Strong neighborhood demand for boutique-scale retail and showroom users
- Convenient access to multiple subway lines and bus routes
Summary
The 2,500 SF commercial space at 37–39 W 17th Street, offered at $40,000/month (~$192/SF annually), presents a strong leasing opportunity in one of Manhattan’s most active downtown corridors. With a flexible layout and high-demand location, it is well suited for retail, showroom, wellness, or professional users seeking long-term value and visibility.
