Commercial Retail / Showroom Lease – 42–44 Grand Street, New York, NY 10013
Asking Rent: $40,000/month
Lease Type: Commercial – Retail / Showroom / Creative Studio
Property Type: Ground-Floor Retail / Boutique Commercial Space
Location: SoHo / Nolita, Manhattan (10013)
Availability: Immediate
Property Overview
42–44 Grand Street offers a 1,987 SF ground-floor retail/showroom space in the heart of SoHo/Nolita, one of Manhattan’s most fashionable and in-demand retail corridors. With prime Grand Street frontage, excellent natural light, and steady neighborhood foot traffic, this space is ideal for luxury retail, fashion showrooms, design studios, art galleries, or wellness/lifestyle operators.
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The boutique footprint is especially attractive for tenants seeking to establish brand identity in a high-end, trend-driven market.
Key Features
- Total Size: ≈ 1,987 SF
- Asking Rent: $40,000/month
- Annualized Rent: ≈ $480,000
- Effective Rent per SF: ≈ $241/SF annually
- Configuration: Flexible open plan with boutique storefront presence
- Frontage: Prominent Grand Street exposure with strong daily foot traffic
- Potential Uses: Luxury retail, fashion showroom, creative studio, wellness/beauty, gallery
Lease & Terms
- Base Rent: $40,000/month (~$241/SF/YR)
- Term: Negotiable
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; standard financials (ID, company info, proof of funds)
- Tenant Responsibilities: Utilities, RE tax, and NNN typical for retail leases
Market Profile
- Location Advantage: Located on Grand Street in SoHo/Nolita, surrounded by luxury brands, boutique fashion houses, and creative operators.
- Transit Access: Walking distance to Canal Street (A/C/E, 1, N/Q/R/W, 6), Spring Street, and multiple bus routes.
- Neighborhood Demand: Driven by strong local affluence, international tourists, and SoHo’s reputation as NYC’s fashion and lifestyle hub.
- Competitive Advantage: Rare boutique-format space in SoHo, offering high branding value with manageable footprint.
Summary
The 1,987 SF retail/showroom space at 42–44 Grand Street is offered at $40,000/month (~$241/SF annually). With its prime SoHo/Nolita location, strong branding potential, and adaptable boutique layout, the property is an excellent opportunity for luxury retail, showrooms, creative studios, or lifestyle operators seeking visibility in one of Manhattan’s most iconic shopping districts.
