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507 W 24th St 3,300 - 7,200 SF of Retail Space Available in New York, NY 10011
Highlights
- Purpose-built gallery environment in the heart of West Chelsea’s cultural district.
- Two-level configuration suitable for exhibitions, storage, and flexible programming.
- Strategic frontage offering visibility within one of New York’s highest-profile gallery corridors.
- Walkable location near the High Line and key Chelsea destinations that support consistent traffic patterns.
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| Lower Level | 3,300 SF | 9’6” | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | |
| 1st Floor | 3,900 SF | 15’7” | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
Lower Level
Positioned in the heart of West Chelsea, 507 W 24th Street offers a rare opportunity to secure bespoke gallery space in one of Manhattan’s most influential cultural districts. Purpose-built for premier art exhibition, the property brings together exceptional frontage, striking ceiling heights, and a layout that supports both public programming and private viewing environments. Its location between Tenth and Eleventh Avenues places it within immediate proximity to world-renowned institutions, including Gagosian, Pace, David Zwirner, and a concentration of leading contemporary galleries that define this globally recognized destination. The lower level serves as a versatile extension adaptable for storage, artist back-of-house needs, or curated installations.
- Located in-line with other retail
- Space is in Excellent Condition
- Finished Ceilings: 9’6”
1st Floor
Positioned in the heart of West Chelsea, 507 W 24th Street offers a rare opportunity to secure bespoke gallery space in one of Manhattan’s most influential cultural districts. Purpose-built for premier art exhibition, the property brings together exceptional frontage, striking ceiling heights, and a layout that supports both public programming and private viewing environments. Its location between Tenth and Eleventh Avenues places it within immediate proximity to world-renowned institutions, including Gagosian, Pace, David Zwirner, and a concentration of leading contemporary galleries that define this globally recognized destination. The ground floor provides a dynamic presentation environment with ceiling heights that enhance scale, light, and visibility. The lower level serves as a versatile extension adaptable for storage, artist back-of-house needs, or curated installations. Immediate possession allows incoming tenants to activate the space without delay, and with frontage on West 24th Street, the building benefits from consistent traffic from collectors, curators, advisors, and international art patrons attracted to the district’s concentration of creative activity.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
- High Ceilings
- Finished Ceilings: 15’7”
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 7,200 SF | Gross Leasable Area | 10,500 SF |
| Property Type | Retail | Year Built | 2014 |
| Property Subtype | Freestanding |
| Total Space Available | 7,200 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 10,500 SF |
| Year Built | 2014 |
About the Property
507 W 24th Street is a purpose-built flagship gallery property positioned within the heart of West Chelsea’s world-renowned arts district. Designed to support high-end exhibition programming, the building offers an impressive street presence with dedicated frontage along West 24th Street, placing it directly among some of the most influential contemporary art institutions in the world. Surrounded by a dense concentration of respected galleries including Gagosian, Pace, David Zwirner, Gladstone, Lisson, and dozens of others, the address benefits from constant visibility among collectors, curators, and cultural visitors drawn to this premier district
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507 W 24th St
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