Retail

For Lease – 120 East 32nd Street, New York, NY 10016

Asking Rent: $40,000/month
Available Space: 1,568 SF
Property Type: Retail Storefront
Lease Type: Direct Lease (Terms Available)
Location: Murray Hill / Koreatown Border

Property Overview
This 1,568-square-foot retail space is available at 120 East 32nd Street, located on the vibrant border of Murray Hill and Koreatown in Midtown Manhattan. This well-positioned storefront offers exceptional visibility on a bustling thoroughfare just steps from Fifth Avenue, Broadway, and the iconic Empire State Building. The space is ideal for a variety of retail concepts, including specialty food and beverage, boutique fitness, medical offices, beauty services, or niche retail operators seeking a high-traffic location in a densely populated commercial and residential neighborhood. The building benefits from a diverse customer base of office workers, residents, tourists, and commuters, making it a prime opportunity for businesses looking to establish a presence in one of Manhattan’s most dynamic and convenient areas.

Key Features

• Asking Rent: $40,000/month
• Available Space: 1,568 SF
• Property Type: Ground-Floor Retail Storefront
• Lease Type: Direct Lease
• Building Class: Commercial/Mixed-Use Building
• Year Built: Classic Midtown construction (specific year not listed)
• Stories: Multi-story commercial building
• Frontage: High-visibility storefront on East 32nd Street with strong pedestrian flow
• Layout: Open, flexible footprint ideal for retail, fitness, or service concepts
• Condition: Turnkey availability – ready for custom build-out
• Neighborhood Highlights: Surrounded by Koreatown dining, Fifth Avenue shopping, corporate offices, hotels, and the Empire State Building

Neighborhood Highlights
Located on East 32nd Street between Park Avenue and Fifth Avenue, 120 East 32nd Street places your business in the heart of Midtown South, on the border of Murray Hill and Koreatown. The area is defined by its 24/7 energy, world-class dining (especially Korean BBQ and late-night eateries), and proximity to some of Manhattan’s most iconic landmarks and commercial hubs.

The neighborhood boasts a Walk Score of 100 (Walker’s Paradise), a Transit Score of 100 (Rider’s Paradise), and a Bike Score of 93 (Very Bikeable). Immediate area amenities include the Empire State Building (just blocks away), Herald Square, Macy’s flagship store, Madison Square Park, and a wide variety of restaurants, bars, and shops along Fifth Avenue, Broadway, and Park Avenue South.

Transportation is exceptionally well-served, with the 6 train at 33rd Street, the B, D, F, M, N, Q, R, and W at 34th Street-Herald Square, and the 1, 2, 3, A, C, and E at Penn Station (34th Street) within easy walking distance. The property also offers convenient access to the M1, M2, M3, M4, M5, M7, M34, and M34-SBS bus routes, making it easy for employees and customers to reach the location from all five boroughs and beyond.

Summary
The 1,568 SF retail storefront at 120 East 32nd Street, New York, NY 10016, is available for $40,000 per month under a direct lease. With its prime Midtown location, high-visibility storefront, and access to a massive, diverse customer base of office workers, residents, tourists, and commuters, this property represents a compelling opportunity for specialty retailers, food and beverage operators, fitness concepts, or service providers seeking a prestigious and accessible home in one of Manhattan’s most vibrant and convenient neighborhoods.

Contact today to schedule a private tour and secure this prime Midtown retail space.