Retail

38 East 21st Street, New York, NY 10010 – Flatiron / Gramercy
Asking Rent: $25,000
Size: 1,308 sq ft
Use: Upscale Restaurant / Café / Bar / Boutique Retail / Gallery / Creative Showroom
Lease Type: Commercial Lease (Retail)
Price per Sq Ft: ~$229.36/sq ft/year | ~$19.11/sq ft/month

Property Overview

This 1,308-square-foot retail space at 38 East 21st Street offers a prime and versatile opportunity in the heart of the Flatiron District’s bustling commercial corridor. With an asking rent of $25,000, the space commands a premium price per square foot, reflecting its strong positioning on a key block with high foot traffic from professionals, residents, and visitors. This space is ideal for a full-service restaurant, trendy café, boutique bar, design-focused retail store, or gallery seeking to leverage the area’s mix of corporate energy, creative businesses, and upscale residential appeal.

Space Highlights

• Versatile 1,308 sq ft of ground-floor retail space, suitable for dining, retail, or hybrid use
• High price per square foot indicative of a high-demand retail corridor with excellent visibility and access
• Likely features strong street frontage, good ceiling height, and a modern or classic building facade
• Size accommodates a full kitchen and dining area for a restaurant, or an open, flexible layout for retail/showroom use
• Suitable for a significant build-out to create a distinctive, branded environment

Location & Neighborhood

• Prime Flatiron location on East 21st Street between Broadway and Park Avenue South
• In the epicenter of a district known for its tech startups, advertising agencies, architecture firms, and showrooms
• Extremely high foot traffic from office workers, students (FIT, Baruch College), tourists, and local residents
• Surrounded by renowned restaurants, coffee shops, flagship retail stores, and the historic Flatiron Building
• Excellent access to subway lines (N/Q/R/W, 6, F/M) at 23rd Street and 14th Street-Union Square
• Walkable to Madison Square Park, Union Square, and the Gramercy neighborhood

Summary

Offered at $25,000 per month (~$229.36/sq ft/year), this 1,308 sq ft retail space at 38 East 21st Street is a strategic location for a high-impact business in one of Manhattan’s most dynamic and central neighborhoods. The rent is justified by the space’s visibility, the density of daytime and evening foot traffic, and the area’s reputation as a hub for innovation and style. This space is perfect for an established operator with a compelling concept—such as a chef-driven restaurant, design-forward boutique, or experiential gallery—that can attract a loyal clientele of professionals, creatives, and discerning locals.