Retail

Commercial Lease – 151 Spring Street, New York, NY 10012

Asking Rent: $40,000/month
Lease Type: Commercial – Retail / Showroom / Gallery / Creative Studio
Property Type: Ground-Floor Boutique Retail Space
Location: SoHo Prime Corridor (10012)
Availability: Immediate

Property Overview

151 Spring Street offers a 1,650 SF boutique retail/showroom opportunity in one of Manhattan’s most high-profile retail corridors. Spring Street is among SoHo’s most coveted luxury retail stretches, with global fashion houses, design showrooms, and destination foot traffic surrounding the property.

With strong daily pedestrian volume, high-end co-tenancy, and a premium branding address, this space is ideal for luxury retail, designer showrooms, galleries, or wellness/beauty concepts seeking immediate visibility in a trend-driven SoHo corridor.

Key Features

• Total Size: ≈ 1,650 SF
• Asking Rent: $40,000/month
• Annualized Rent: ≈ $480,000
• Effective Rent per SF: ≈ $291/SF annually
• Configuration: Boutique open-plan layout adaptable for retail, showroom, or creative use
• Frontage: Prominent Spring Street exposure with consistent pedestrian traffic
• Potential Uses: Luxury retail, showroom, gallery, creative office/studio, wellness/beauty

Lease & Terms

• Base Rent: $40,000/month (~$291/SF/YR)
• Term: Negotiable
• Availability: Immediate / by agreement
• Due at Signing: First month + security deposit; standard tenant financials required
• Tenant Responsibilities: Utilities, RE tax, and obligations typical for retail leases

Market Profile

• Location Advantage: Situated in SoHo’s premier luxury shopping corridor, with immediate adjacency to designer flagships, boutique fashion houses, and destination cafés.
• Transit Access: Steps from Prince Street (R/W), Spring Street (6), and Broadway–Lafayette (B/D/F/M).
• Neighborhood Demand: Strong from luxury retailers, design showrooms, and high-profile gallery operators targeting SoHo’s international visitor base.
• Competitive Advantage: Rare sub-2,000 SF boutique retail space with Spring Street branding potential—prime exposure in a world-renowned shopping destination.

Summary

The 1,650 SF boutique retail space at 151 Spring Street, New York, NY 10012 is offered at $40,000/month (~$291/SF annually). With its prime Spring Street frontage, SoHo luxury adjacency, and adaptable boutique configuration, the property is a compelling opportunity for retailers, showrooms, or gallery operators seeking presence in one of Manhattan’s most valuable retail districts.