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Corner Retail Space at Apartment Building
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188 9th Ave, New York, NY 10011

Corner ground-floor retail space at the base of a 200-unit luxury apartment building in Chelsea.

Property Size8,570 SF
Days on Market4

Property Features for 188 9th Ave

General Information

Standard status Active
Size 8,570 SF
Property subtype RETAIL
Lease Type SF/mo
Listing Agency: Meridian Capital Group
Listed By: Noam Aziz
Source: Moodyscre
Added: Jul 28 Changed: Jul 31 Last Checked: Jul 31 at 7:29AM

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 Meridian Capital Group

Investment Insights

Based on property information with market context.

Corner retail space is available at the base of a 200-unit luxury apartment building. The space totals 8,570 square feet and is well-suited for a variety of neighborhood-oriented uses.

The property is in Chelsea, one block from the High Line and two blocks from the 23rd Street station. The space was formerly occupied by Rite Aid, which supports retail configurations such as a supermarket, gourmet grocery store, school, pharmacy, bank, or fitness.

This corner position at a residential high-density building provides consistent daytime foot traffic and visibility for an end user or retailer looking to serve the surrounding area.

Key Highlights

  • 8,570 SF corner ground‑floor retail space at the base of a 200‑unit luxury apartment building
  • One block from the High Line
  • Two blocks from the 23rd Street station

Property Analytics

Current Use

Rite Aid Pharmacy Santa Shack Christmas ... (Bike/Boat/Book/etc) Store Jennie Kong Pharmacy Ellen Lempert Pharmacy higi Physician

Suggested Use

Top Pick Pet Grooming Service Buffet Adult Day Care Nursing Home Locksmith (Bike/Boat/Book/etc) Store

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
$6,750.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

29,388
Businesses Nearby

Demographics for 10011, NY

53,318
Population
35,049
Households
1.5
Avg Household Size
39
Median Age
79%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
88,863
Density / Sq Mi
$146,571
Median Household Income
$113,503
Median Earnings
$2,868
Median Rent
$1,165,800
Median Home Value

Market

Lease Benchmarks for New York, NY

$89.62 /SF/Yr
Avg Asking Price
$12–$250 /SF/Yr
Price Range
2,906 SF
Avg Space Size

This space is priced 50110% above the average of $89.62 /SF/Yr.

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
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Frequently Asked Questions

What type of property is this?
Retail space - Corner ground-floor retail space at the base of a 200-unit luxury apartment building in Chelsea.
Where is this retail space located?
The property is located at 188 9th Ave New York, NY.
What is the lease rate?
The lease rate is $45,000.
What are key features of this property?
This property features: 8,570 SF corner ground‑floor retail space at the base of a 200‑unit luxury apartment building; One block from the High Line; Two blocks from the 23rd Street station
(212) 468-5984 Call to check price and availability
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