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Retail Space with High Ceilings
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57 West 38th Street - Unit 1-3, New York City, NY 10016

Multi-level commercial premises with gas service, venting capability, and two existing HVAC units.

Property Size9,470 SF
Price / SF$686.38
Days on Market20

Property Features for 57 West 38th Street - Unit 1-3

General Information

Standard status Active
Size 9,470 SF
Property subtype Retail

Site & Location

Frontage 35 ft
Utilities to Site Yes

Additional Details

Floor Ground, Mezzanine, Cellar
Asking Price $6,500,000

Amenities

gas service
venting capability
two existing HVAC units
minimal interior columns

Building Details

Year Built 1915
Buildings 1
Tenancy Single
Listing Agency: RIPCO Real Estate
Listed By: Ben Davis · License #NY##
Source: Crexi
Added: Aug 11 Changed: Aug 29 Last Checked: Aug 29 at 1:33PM

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 RIPCO Real Estate

Investment Insights

Based on property information with market context.

This retail space encompasses approximately 9,470 square feet across the ground floor, mezzanine, and cellar. The ground floor provides 16-foot ceiling heights, while 35 feet of frontage and minimal interior columns support a flexible layout. Existing gas service, venting capability, and two HVAC units are in place. The building was constructed in 1915.

Located at 57 West 38th Street in Midtown Manhattan, the property is near Bryant Park, Herald Square, Penn Station, and Grand Central Terminal. The surrounding area includes hotels, office buildings, national retailers, restaurants, and year-round pedestrian activity. Transit access includes major subway lines, LIRR, Metro-North, and NJ Transit.

The space is suited to retail, showroom, hospitality, fitness, medical, entertainment, and experiential uses, subject to applicable requirements.

Key Highlights

  • Approximately 9,470 square feet across the ground floor, mezzanine, and cellar
  • 35 feet of frontage on West 38th Street
  • 16‑foot ground floor ceiling heights with minimal interior columns

Property Analytics

Current Use

Richina Apparel USA ... Industrial Manufacturer ejc engineering Engineer Billing Geeks Medical Billing Service Matthijssen NYC Big Box & Wholesale Store Fresh & Green Agri ... Food Broker

Suggested Use

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

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

Single-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

92,833
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

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 - Multi-level commercial premises with gas service, venting capability, and two existing HVAC units.
Where is this retail space located?
The property is located at 57 West 38th Street - Unit 1-3 New York City, NY.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Approximately 9,470 square feet across the ground floor, mezzanine, and cellar; 35 feet of frontage on West 38th Street; 16‑foot ground floor ceiling heights with minimal interior columns
(646) 827-9968 Call to check price and availability
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