Listing Agency: CBRE | Midtown Manhattan a***@cbre.com Show Phone

Listed By: Anthony Stanford Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 12 Last Checked: Aug 16 at 11:18AM

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Investment Insights

Based on property information with market context.

This 1,328 square foot retail space is located on the ground floor in a prime Midtown location. The property is situated at the base of a large Class A office building and is in close proximity to several subway lines and hotels. Nearby businesses include Nobu, Chop't, Estiatoria Milos, Manhattan Theatre Club, Quality Bistro, Indian Accent, and Rue 57.

Key Highlights

• Prime Midtown location
• Located at the base of a large Class A office building
• Close proximity to several subway lines and hotels

Property Analytics

Property Profile

Current Use

Quality Bistro Restaurant

Suggested Use

Top Pick Butcher Auto Parts Store (Bike/Boat/Book/etc) Store Pet Grooming Service Nursing Home Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

60,948

Businesses Nearby

Explore this area Business Placement

Market

Lease Benchmarks for New York, NY

$70.65 /SF/Yr

Avg Asking Price

$12–$200 /SF/Yr

Price Range

5,957 SF

Avg Space Size

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Retail space - 1,328 SF retail space in prime Midtown location.

Where is this retail space located?

The property is located at 120 W 56th Street aka 125 W 55th Street New York, NY.

What are key features of this property?

This property features: Prime Midtown location; Located at the base of a large Class A office building; Close proximity to several subway lines and hotels