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Street-Level Retail Storefront
For Lease
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124 E 40th St, New York, NY 10016

Storefront retail space currently occupied by Getir, with possession arranged in a high foot-traffic area near Grand Central.

Space Size1,000 SF - 2,032 SF
Days on Market1059

Property Features for 124 E 40th St

General Information

Standard status Active
Size 1,000 SF - 2,032 SF
Property subtype RETAIL

Spaces For Lease

at 124 E 40th St Contact us

124 E 40th St

Floor
1
Size
1,800 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, 30 Days
Sublease
No
- Currently: Getir - Possession: Arranged - High foot traffic area - In close proximity...
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Contact us

124 E 40th St

Floor
Basement
Size
1,000 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, 30 Days
Sublease
No
- Currently: Getir - Possession: Arranged - High foot traffic area - In close proximity...
show more
Contact us

124 E 40th St

Floor
2
Size
2,032 SF
Type
OFFICE
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Floors: 2-Penthouse - High foot traffic area - In close proximity to grand central...
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Listing Agency: Solil Management, LLC
Listed By: Nicholas Forelli
Source: Moodyscre
Added: Oct 17, 2023 Changed: Aug 8 Last Checked: Jul 22 at 4:08PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Solil Management, LLC

Investment Insights

Based on property information with market context.

This street-level retail storefront is currently occupied by Getir, with possession arranged for a new tenant. The space is positioned for visibility and walk-in traffic given its placement in a high foot-traffic area.

The property is in close proximity to Grand Central Station and within walking distance of the 4, 5, 6, 7, B, D, F, M and S subway lines. The combination of nearby commuter rail access and multiple subway routes supports consistent daily pedestrian activity.

The address is 124 E 40th St, New York, NY 10016.

Key Highlights

  • Storefront retail space currently occupied by Getir
  • Possession is arranged
  • Located in a high foot‑traffic area near Grand Central

Property Analytics

Current Use

Merkin Linda DC Alternative Medicine Practice Wright Karen A DC Alternative Medicine Practice Michael Beneat DC ... Alternative Medicine Practice One Circle Wellness ... Gym & Fitness Center I Brow & Beauty ... Spa & Massage Center

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Buffet Butcher Locksmith Parking Lot & Garage

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

79,335
Businesses Nearby

Demographics for 10016, NY

62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value

Market

Lease Benchmarks for New York, NY

$47.71 /SF/Yr
Avg Asking Price
$12–$90 /SF/Yr
Price Range
4,953 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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Storefront retail space currently occupied by Getir, with possession arranged in a high foot-traffic area near Grand Central.
Where is this retail space located?
The property is located at 124 E 40th St New York, NY.
What are key features of this property?
This property features: Storefront retail space currently occupied by Getir; Possession is arranged; Located in a high foot‑traffic area near Grand Central
(212) 506-0448 Call to check price and availability
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