120 W 56th Street - 125 W 55th Street — Sale in New York, NY
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: New York, NY
Description
Available sqft: 1,328 sf Ground Ground Floor: 1,328 SF Prime Midtown location ♦ Close proximity to several subway lines and hotels ♦ At the base of large Class A office building ♦ Neighbors include: Nobu, Chop't, Estiatoria Milos, Manhattan Theatre Club, Quality Bistro,Indian Accent, Rue 57
Market Context
This retail in New York, NY is listed for sale. It has been on the market for 195 days. Compare it against other retail listings for sale in New York, NY — view the full market.
As of Q1 2026, the New York City Area retail market showed a 4.2% vacancy rate, average asking rents near $54.00/SF/yr, and cap rates around 6.2%.
Tight vacancy keeps competition for quality space elevated.
Retail market FAQ
- What is the typical cap rate for retail in New York City Area?
- About 6.2% as of Q1 2026.
- Is the New York City Area retail market tightening or softening?
- Vacancy is around 4.2% (Q1 2026).
Contact
- Anthony Stanford · anthony.stanford@cbre.com
- Henry Rossignol · henry.rossignol@cbre.com
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