Retail

Commercial Property for Lease – 68 Forsyth Street, New York, NY 10002

Asking Rent: $12,000 / Month
Size: 750 SF
Price per SF: ~$192 / SF annually
Property Type: Retail / Service / Boutique Office
Status: Available

Property Overview

68 Forsyth Street offers 750 SF of retail or service space on a high-visibility block in the Lower East Side/Chinatown corridor. This compact but well-located property benefits from steady neighborhood foot traffic, diverse local demographics, and proximity to both cultural landmarks and residential communities.

The space is well-suited for food & beverage concepts, boutique retail, wellness operators, or service-based tenants looking for affordable access to a vibrant downtown market.

Key Features

• Total Size: 750 SF
• Asking Rent: $12,000/month ($144,000 annually)
• Price per SF: ~$192 annually
• Use Flexibility: Retail, café, service shop, wellness, or boutique office
• Frontage: Ground-level storefront with strong visibility
• Condition: Lease-ready; customizable for tenant improvements

Market Profile

• Target Tenants: Cafés, bubble tea/quick-service F&B, neighborhood retailers, wellness studios, or creative professionals
• Neighborhood Demand: Lower East Side/Chinatown remains a high-demand market with strong pedestrian activity and a mix of long-term residents, students, and tourists
• Competitive Advantage: At ~$192/SF, this location is priced competitively for LES/Chinatown, providing good value for tenants seeking a downtown presence

Financial Highlights

• Monthly Rent: $12,000
• Annual Rent: $144,000
• Price per SF: ~$192 annually
• Lease Terms: Direct lease; flexible structures available
• Upside Potential: Affordable entry to a high-traffic corridor with growing residential and cultural appeal

Location Advantages

• Neighborhood: Lower East Side / Chinatown border
• Proximity: Sara D. Roosevelt Park, East Broadway, Grand Street retail, and Essex Crossing development
• Transit: Steps to B/D trains at Grand Street and F at East Broadway
• Foot Traffic: Dense and diverse, including residents, students, commuters, and visitors

Summary

The 750 SF space at 68 Forsyth Street offers a cost-efficient downtown leasing opportunity at $12,000/month (~$192/SF annually). With strong neighborhood visibility and adaptable use potential, it is well-suited for cafés, boutique retailers, or wellness operators looking to establish a presence in the Lower East Side/Chinatown corridor.