461 7th Ave — Lease in New York, NY

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: New York, NY 10001

Description

Discover the bustling energy of Midtown West, where your retail space at the heart of the action awaits. Surrounding the property, 461 7th Ave, you'll find an unparalleled blend of commerce and culture, attracting a steady stream of foot traffic from nearby Penn Station and the vibrant Garment District. Just steps away, iconic landmarks like Madison Square Garden and the High Line draw visitors from near and far, ensuring prime exposure for your business. This thriving neighborhood is a magnet for shoppers, foodies, and trendsetters, providing the ideal canvas for your retail vision. Make your mark in the dynamic Midtown West market and capitalize on the endless possibilities of this prime location.

Market Context

This retail in New York, NY is listed for lease. It has been on the market for 53 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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