33 West 55th Street, New York, NY 10019 – Midtown / 5th Avenue Corridor
Asking Rent: $30,000/month
Space: 1,300 sq ft
Property Type: Retail (Ground Floor)
Rent per Sq Ft: $23.08/month ($276.92/sq ft annualized)
Property Overview
This 1,300-square-foot retail space at 33 West 55th Street is a premium boutique opportunity just steps from Fifth Avenue’s luxury shopping district. With an asking rent of $30,000 per month, it is positioned for a high-end brand, luxury service, or upscale gallery seeking visibility in a prestigious Midtown location without the extreme cost of a direct Fifth Avenue frontage. Ideal for a luxury watch/jewelry boutique, high-end art and framing gallery, bespoke tailor, premium salon/spa, or a flagship store for an established international brand.
Read More
Space Highlights
- High-end ground-floor retail space of 1,300 sq ft with direct frontage on West 55th Street.
- Ample square footage for a luxury boutique with spacious displays, private consultation areas, or a gallery with viewing rooms.
- Suitable for a high-margin service business like a luxury watch repair atelier, bespoke tailor, or exclusive aesthetic clinic where the prestigious address reinforces the brand’s value.
- Likely features high-quality finishes, large windows, and a sophisticated facade consistent with the upscale neighborhood.
- Requires a luxury custom build-out with premium materials, custom lighting, and security features to match the high-end clientele.
Location & Neighborhood
- Prime Midtown location on West 55th Street between 5th and 6th Avenues, directly in the Plaza District.
- One block from Fifth Avenue’s luxury flagship corridor (Bergdorf Goodman, Tiffany & Co., Cartier) and The Peninsula Hotel.
- Surrounded by luxury boutiques, high-end art galleries, major corporate offices, and five-star hotels.
- Heavy foot traffic from affluent tourists, luxury shoppers, corporate executives, and hotel guests.
- Exceptional transit access via the F train at 57th St, N/Q/R/W trains at 57th St-7th Ave, and E, M trains at 5th Ave/53rd St.
- Walkable to Central Park, MoMA, Rockefeller Center, and Carnegie Hall.
Summary
Priced at $30,000/month ($23.08/sq ft/month), this 1,300 sq ft retail space at 33 West 55th Street commands a premium for its proximity to Fifth Avenue luxury and its prestigious Midtown address. The annualized rent of $276.92 per square foot reflects its position in a top-tier global retail submarket. This space is not for emerging brands but for established luxury players or high-end service providers who require a prestigious, accessible location to attract an affluent, discerning clientele. The value lies in the address’s brand-enhancing power and the steady flow of high-net-worth foot traffic. Success requires a business model with very high average transaction values to justify the significant occupancy cost.
