The site of the market is designed to be only a short stroll away from parking, the train station and ferry terminal to maximise the potential numbers coming from the ferry.
"We have received a proposal from Apple that has the potential to bring a great new shopping destination to iconic Grand Central Terminal and significantly increase revenues for the MTA's transportation system, " said Julie Glave, MTA spokeswoman.
Assuming that project takes several years to deploy, the Terminal will need other companies lining up behind it to avoid a potential boom-bust scenario.