Retail

Commercial Retail Space for Lease – 561–565 W 23rd Street, New York, NY 10011

Asking Rent: $60,000 / Month
Size: 3,352 SF
Price per SF: ~$215 / SF annually
Property Type: Retail / Restaurant / Showroom / Specialty Use
Status: Active

Property Overview

561–565 West 23rd Street offers approximately 3,352 SF of prime ground-floor retail space in the heart of Chelsea, one of Manhattan’s most dynamic residential and gallery-driven neighborhoods. Located along a well-traveled cross street near major art galleries and new residential developments, the property benefits from steady pedestrian traffic and strong neighborhood visibility, making it ideal for retail or food-and-beverage concepts.

Key Features

• Total Size: 3,352 SF
• Asking Rent: $60,000/month ($720,000 annually)
• Price per SF: ~$215 annually
• Use Flexibility: Suitable for restaurant, café, boutique retail, specialty food, wellness retail, or showroom concepts
• Frontage: Street-level storefront with strong Chelsea exposure
• Condition: Delivered ready for tenant build-out or light customization

Market Profile

• Target Tenants: Restaurants, cafés, boutique retailers, gallery-adjacent concepts, wellness brands, and showroom users
• Neighborhood Demand: Chelsea remains a high-demand retail corridor driven by dense residential population, art galleries, and proximity to the High Line
• Competitive Advantage: Large-format retail space in a desirable Chelsea location with strong foot traffic and neighborhood character

Location Advantages

• Neighborhood: Chelsea
• Proximity: High Line Park, Hudson Yards, Chelsea art galleries, and 23rd Street retail corridor
• Transit: Served by A, C, E, 1, 2, and 3 subway lines nearby
• Foot Traffic: Heavy mix of residents, gallery visitors, and professionals throughout the day

Summary

The 3,352 SF retail space at 561–565 West 23rd Street presents a premier leasing opportunity at $60,000/month (~$215/SF annually) in one of Manhattan’s most sought-after neighborhoods. With strong street presence, steady pedestrian traffic, and flexible use potential, this property is well suited for retail or restaurant operators seeking a flagship Chelsea location.