24 West 40th Street — Lease in New York, NY

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: New York, NY 10018

Description

Retail | For Lease: 2,000 - 3,600 SF 3,600 SF Retail Opportunity on Bryant Park Key Facts Ground Floor: +/- 3,600 SF Lower Level: +/- 2,000 SF Total: +/- 5,600 SF Ceiling Heights: +/- 15’ Ground +/- 15’ lower level Possession: Immediate Term: Negotiable Rent: Upon Request Frontage: 30’ on West 40th Street 24 West 40th Street New York , NY 10018 24 West 40th Street Retail | For Lease: 2,000 - 3,600 SF Facebook LinkedIn Email Twitter Facebook LinkedIn Email Twitter Share Print View Documents View Documents

Market Context

This retail in New York, NY is listed for lease. It has been on the market for 175 days. Compare it against other retail listings for lease 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).

Estimated Market Rate

$3.33/SF/mo – $4.51/SF/mo

Mid: $3.92/SF/mo

Rate-first confidence-weighted blend with cost-of-business adjustment.

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