Retail

138 West 34th Street, New York, NY 10001 – Herald Square / Penn Plaza
Asking Rent: $90,000
Size: 2,379 sq ft
Use: Flagship Retail / High-Volume Restaurant / Bank / Tourist-Driven Retail / Mega-Brand Store
Lease Type: Commercial Lease (Retail)
Price per Sq Ft: ~$453.97/sq ft/year | ~$37.83/sq ft/month

Property Overview

This 2,379-square-foot retail space at 138 West 34th Street represents a premier, high-stakes opportunity in the epicenter of Manhattan’s busiest retail and transit corridor. With an asking rent of $90,000, the space commands an exceptionally high price per square foot, reflecting its position as a ground-floor flagship location directly in the Herald Square shopping district. This space is designed for a national or international brand, major bank, high-volume restaurant, or tourist-focused retailer with a proven concept capable of generating immense sales from the relentless, high-density foot traffic of tourists, commuters, and shoppers.

Space Highlights

• Prime 2,379 sq ft of ground-level retail space with direct frontage on West 34th Street
• Extremely high price per square foot indicative of a top-tier, maximum-exposure retail location in a global shopping destination
• Likely features high visibility, strong street presence, and modern building infrastructure suitable for a flagship build-out
• Size accommodates a large-format store, full-service restaurant with seating, or multi-use retail/food hall concept
• Space is engineered for maximum revenue generation per square foot from walk-in and destination customers

Location & Neighborhood

• Unbeatable retail location on West 34th Street between Broadway and 7th Avenue, directly opposite Macy’s Herald Square
• In the densest retail district in the United States, anchored by Macy’s, Manhattan Mall, and countless flagship stores
• Unparalleled foot traffic from over 100 million annual visitors, including tourists, office workers, and commuters from Penn Station and the Port Authority
• Directly connected to the massive transit hub of Penn Station (LIRR, NJ Transit, Amtrak) and Herald Square subway station (B/D/F/M, N/Q/R/W)
• Surrounded by major hotels, corporate offices, and the garment district, providing a consistent daily customer base

Summary

Offered at $90,000 per month (~$453.97/sq ft/year), this 2,379 sq ft retail space at 138 West 34th Street is a trophy location for a retailer or service provider that operates at the highest possible volume. The rent is a direct reflection of the space’s potential sales volume, driven by its visibility and access to millions of potential customers. This space is for an established, deep-pocketed operator—such as a global retail chain, major bank, destination food hall, or tourist-driven brand—for whom this location would serve as a critical, high-profile revenue driver and brand beacon in the heart of New York City.