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Former Roseland Ballroom Retail Space
For Lease
Contact for pricing

242 W 53rd St, New York, NY

Retail space in Times Square, Theater District, Columbus Circle.

Space Size3,870 SF
Lot Size1.37 Acres
Days on Market840

Property Features for 242 W 53rd St

General Information

Standard status Active
Size 3,870 SF
Lot size 1.37 Acres
Property subtype RETAIL

Spaces For Lease

at 242 W 53rd St Contact us

242 W 53rd St

Floor
1
Size
3,870 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- The Former Roseland Ballroom - At the crossroads of Times Square, The Theater District...
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Listing Agency: RTL Partners, LLC
Listed By: Steven E. Baker
Source: Moodyscre
Added: May 8, 2024 Changed: Aug 8 Last Checked: Aug 24 at 11:03AM

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 RTL Partners, LLC

Investment Insights

Based on property information with market context.

This 3,500 square foot retail space is located at the base of a new 426-unit residential building. Situated at the crossroads of Times Square, the Theater District, and Columbus Circle, the property benefits from its proximity to office buildings, hotels, and residential areas. It is located blocks from the N Q R W C E subway lines. All uses are accepted.

Key Highlights

  • All uses accepted
  • At the base of a new 426 unit residential building
  • Blocks from N Q R W C E Subway

Property Analytics

Current Use

Digital Dot Marketing & Advertising Mergers & Acquisitions Attorney ... Law Firm 242 West 53rd ... Condominium Complex Meher Baba House Association Or Organization New York Theosophical ... Charitable Organization

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Gym & Fitness Center Nursing Home Pet Grooming Service

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

4,522
Businesses Nearby
73k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 30% Groceries 29% Dining 26% Apparel 8%
Bravo Supermarkets Groceries
15,635 visits/mo 0.4 miles
Dunkin' Donuts Dining
15,098 visits/mo 0.2 miles
Chase Bank Shops & Services
13,539 visits/mo 0.3 miles
Bravo Supermarkets Groceries
5,355 visits/mo 0.4 miles
Sunoco Shops & Services
3,761 visits/mo 0.5 miles

Market

Lease Benchmarks for New York, NY

$50.31 /SF/Yr
Avg Asking Price
$12–$90 /SF/Yr
Price Range
6,524 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
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space in Times Square, Theater District, Columbus Circle.
Where is this retail space located?
The property is located at 242 W 53rd St New York, NY.
What are key features of this property?
This property features: All uses accepted; At the base of a new 426 unit residential building; Blocks from N Q R W C E Subway
(212) 792-2636 Call to check price and availability
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