35-37 East 20th Street, New York, NY 10003 – Flatiron/NoMad
Asking Rent: $85,000/month
Space: 4,000 sq ft
Property Type: Retail (Ground Floor)
Rent per Sq Ft: $21.25/month ($255.00/sq ft annualized)
Property Overview
This 4,000-square-foot retail space at 35-37 East 20th Street represents a premium, large-scale commercial opportunity in the heart of the Flatiron/NoMad district. With an asking rent of $85,000 per month, it is positioned for a high-profile, destination-driven business such as a flagship restaurant, upscale retail brand, art gallery, or experiential concept. The substantial size and prime location are tailored for an operator seeking significant visibility and the ability to host a large volume of patrons in one of Manhattan’s most dynamic and high-foot-traffic neighborhoods.
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Space Highlights
- Large-format ground-floor retail space of 4,000 sq ft, offering expansive frontage on East 20th Street.
- Substantial square footage suitable for a major restaurant with multiple dining areas and full-service kitchen, a flagship retail store with immersive displays, a high-end gallery, or a hybrid experiential concept.
- Likely features high ceilings, large windows, and premium finishes consistent with the historic yet modern character of the neighborhood.
- Will require a significant capital investment for custom build-out, including potential kitchen ventilation, specialized lighting, and interior design to match a high-end brand identity.
- May offer additional basement storage or auxiliary space, common for properties of this size and caliber.
Location & Neighborhood
- Prime Flatiron/NoMad location on East 20th Street between Broadway and Park Avenue South.
- Situated in one of Manhattan’s most sought-after commercial corridors, known for its historic architecture, culinary scene, and creative energy.
- Immediate proximity to iconic landmarks: steps from the Flatiron Building, Madison Square Park, and Eataly.
- Surrounded by a dense mix of national and boutique retailers, acclaimed restaurants, hotels, and corporate offices.
- Exceptional daily foot traffic from a blend of affluent local residents, office workers, tourists, and shoppers.
- Unrivaled transit access: multiple subway lines within blocks including the N/Q/R/W, 6, F/M, L, 4/5/6 at Union Square, 23rd Street, and 14th Street stations.
- Highly walkable to Union Square, Gramercy, Chelsea, and the Village.
Summary
Priced at $85,000/month ($21.25/sq ft/month), this 4,000 sq ft retail space at 35-37 East 20th Street commands a top-tier rental rate reflective of its size, prestige, and unparalleled location. The annualized rent of $255 per square foot is indicative of a luxury or high-volume destination space in one of New York’s most competitive retail corridors. This opportunity is geared toward an established, well-capitalized brand or hospitality group capable of executing a landmark concept. Success requires a business model that can leverage the massive foot traffic, cater to a discerning clientele, and generate substantial revenue to justify the significant overhead. This is a flagship location for an operator aiming to make a statement in the Manhattan market.
