33 Irving Place — Lease in New York, NY

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: New York, NY 10003

Description

Vented opportunity with tremendous corner exposure New storefront and new HVAC in place One block east of the 4, 5, 6, L, N, Q, R, W subway trains at Union Square servicing over 190,000 daily passengers (34.7 million annual subway riders) Surrounded by over 100,000 students from five different universities

Market Context

This retail in New York, NY is listed for lease. It has been on the market for 55 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).

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