Commercial Lease – 191 Chrystie Street, New York, NY 10002

Asking Rent: $20,000 / month
Size: 3,500 SF
Property Type: Commercial / Retail / Creative Use
Location: Lower East Side / Bowery Corridor (10002)

Property Overview

191 Chrystie Street presents a 3,500 SF commercial space located along the Bowery / Lower East Side corridor, one of Manhattan’s most dynamic growth areas. This space is highly adaptable for retail, art gallery, fitness, creative office, or boutique F&B concepts.

The neighborhood has seen rapid gentrification and cultural development, with a strong mix of trendy restaurants, nightlife, boutique hotels, and residential conversions.

Key Features

• Available Space: 3,500 SF
• Asking Rent: $20,000 / month (~$69/SF annually)
• Use Case: Retail, gallery, creative agency, boutique showroom, hospitality concept
• Ceilings/Structure: Likely loft-style; buyer/tenant to confirm buildout specs
• Neighborhood Character: Artistic, youthful, trend-driven, with strong tourist and nightlife traffic

Market Profile

• Competitive Positioning: At ~$69/SF annually, this space is attractively priced compared to SoHo retail ($100–$150/SF) and is in line with Bowery/LES market rents ($65–$80/SF)
• Target Tenants: Galleries, wellness/fitness operators, F&B (restaurants/bars), DTC retail brands expanding into physical presence
• Demand Drivers: Bowery Hotel, New Museum, cultural anchors, and continued LES residential development

Financial Snapshot

• Annual Rent (Est.): $240,000
• PSF Pricing: ~$69/SF annually
• Lease Structure: To be confirmed (likely modified gross or NNN)

Location Advantages

• Transit: Near B/D/F/M trains at Broadway-Lafayette, J/Z at Bowery, and multiple bus lines
• Foot Traffic: Strong from nightlife, boutique hotels, and cultural venues
• Anchors Nearby: New Museum, Bowery Hotel, Indie galleries, and multiple upscale residential developments

Summary

191 Chrystie Street offers 3,500 SF at $20K/month, a compelling Lower East Side retail/creative lease opportunity. With strong cultural cachet, foot traffic, and pricing below SoHo levels, the property is well-suited for art, wellness, boutique retail, or hospitality tenants seeking a foothold in NYC’s trend-driven LES/Bowery district.