457 West 50th Street, New York, NY 10019 – Hell’s Kitchen / Clinton
Asking Rent: $20,000/month
Use: Retail / Restaurant
Size: 2,195 sq ft
Property Type: Retail Space
Lease Type: Commercial Lease
Estimated Annual Rent: $240,000
Price per Sq Ft: ~$109.34/sq ft/year | ~$9.11/sq ft/month
Property Overview
This 2,195-square-foot retail space at 457 West 50th Street is a substantial commercial offering in the bustling Hell’s Kitchen neighborhood. With an asking rent of $20,000 per month, this space provides significant square footage and visibility on a busy cross-street near the Theater District and major transit hubs. It is well-suited for a full-service restaurant, large bar, specialty grocer, or sizable boutique catering to both dense residential populations and tourist traffic.
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Space Highlights
- Substantial 2,195 sq ft of ground-floor retail space
- Prime positioning on West 50th Street between 9th and 10th Avenues
- High-visibility storefront with potential for outdoor seating (subject to approval)
- Spacious layout ideal for a restaurant with a full kitchen, bar, and dining area, or for large-format retail
- May include basement storage or cellar space
Location & Neighborhood
- Prime Hell’s Kitchen location, known for its high residential density and vibrant dining/nightlife scene
- Extremely high foot traffic from locals, theater-goers (proximity to Broadway), and tourists from nearby hotels
- Situated between the bustling restaurant rows of 9th Avenue and the redevelopment along 10th Avenue
- Excellent access to major subway lines (A/C/E, N/Q/R/W, 1, C/E) at Columbus Circle and 50th Street stations
- Close to the Theater District, Columbus Circle, and the Jacob K. Javits Convention Center
Summary
Offered at $20,000/month (~$109.34/sq ft/year), this 2,195 sq ft retail space at 457 West 50th Street offers a major opportunity for a food & beverage or retail operator seeking a high-traffic location with substantial space. The competitive price per square foot for the area, combined with the large footprint, makes it attractive for an established restaurant group or retailer looking to capture the diverse and constant flow of pedestrians in this central Manhattan neighborhood.
