Commercial Retail Lease – 42 Clinton Street, New York, NY 10002
Asking Rent: $12,000/Month
Available Space: 900 SF
Location: Lower East Side (LES), Manhattan (10002)
Availability: Immediate
Property Overview
42 Clinton Street offers a 900 SF boutique retail space in the heart of the Lower East Side, one of Manhattan’s trendiest cultural and nightlife corridors. With steady foot traffic from both locals and visitors, this space is ideal for restaurants, specialty coffee shops, boutique retailers, or experiential concepts.
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The property’s manageable size and street-level visibility make it attractive for operators seeking an LES presence at an accessible scale, with the ability to capitalize on the area’s eclectic and creative demographic.
Key Features
- Size: 900 SF
- Asking Rent: $12,000 per month
- Annualized Rent: $144,000
- Effective Rent per SF: ~$160/SF annually
- Configuration: Open floor layout, efficient for retail or F&B buildout
- Frontage: Prominent Clinton Street visibility in a high-energy corridor
Market Profile
- Submarket: Lower East Side – cultural hub with strong nightlife, restaurant, and boutique retail activity
- Demand Drivers: Dense residential base, trend-driven consumer demand, and consistent tourist interest
- Target Tenants: Food & beverage operators, coffee/wine bars, boutique fashion, specialty services
- Competitive Advantage: Smaller footprint with affordable occupancy costs compared to Orchard Street and Bowery retail
Financial Highlights
- Asking Rent: $12,000/Month
- Size: 900 SF
- Annual Rent: $144,000
- Effective Rent per SF: ~$160/SF
- Lease Type: Negotiable; NNN or modified gross typical
- Upside Potential: Strong tenant demand fueled by LES nightlife, tourism, and residential growth
Location Advantages
- Neighborhood: Lower East Side – one of NYC’s most dynamic, trend-focused retail and nightlife districts
- Proximity: Near Essex Market, Ludlow Street nightlife, and Bowery cultural venues
- Transit: Access to Delancey/Essex (F, J, M, Z) and 2nd Avenue (F) subway stations
- Tenant Demand: High from boutique operators and hospitality groups seeking neighborhood credibility
Summary
The 900 SF retail unit at 42 Clinton Street, Lower East Side is offered at $12,000/month (~$160/SF annually). With its compact, efficient layout and positioning in a nightlife-driven corridor, the property is an ideal fit for boutique F&B operators, retailers, or experiential tenants seeking visibility in one of Manhattan’s hottest cultural neighborhoods.
