Retail

88 Greenwich Street, New York, NY 10006 – Financial District / Battery Park
Asking Rent: $30,000
Size: 550 sq ft
Use: Luxury Convenience / High-End Café / Specialty Food Market / Premium Wine & Spirits / Upscale Service Retail
Lease Type: Commercial Lease (Retail)
Price per Sq Ft: ~$654.55/sq ft/year | ~$54.55/sq ft/month

Property Overview

This 550-square-foot retail space at 88 Greenwich Street presents an ultra-premium, high-stakes micro-location in the heart of the Financial District’s luxury residential corridor. With an asking rent of $30,000, the space commands an exceptionally high price per square foot, reflecting its position within a high-end, full-service residential tower catering to an affluent population with significant disposable income. This space is designed for a luxury convenience concept, specialty gourmet market, high-end café, or premium service retailer where extreme margins and a captive, wealthy clientele justify the extraordinary cost per square foot.

Space Highlights

• Ultra-compact 550 sq ft of ground-floor retail space within a luxury residential tower
• Extremely high price per square foot indicative of a captive, high-spending resident demographic and limited retail availability
• Likely features high-end finishes, direct access from a luxury lobby, and a tailored build-out for seamless service
• Efficient layout requires a hyper-curated, high-margin product or service offering
• Ideal for a turnkey, concierge-style retail model serving the immediate building and neighborhood

Location & Neighborhood

• Prime Financial District location on Greenwich Street near Battery Park
• Within or adjacent to a luxury condominium tower in a neighborhood known for its affluent residents, waterfront views, and tranquility
• Serves a captive audience of high-net-worth residents from the building itself and surrounding luxury towers
• Minimal foot traffic from outsiders, emphasizing a business model built on resident loyalty and high spend per visit
• Close to Battery Park City parks, Brookfield Place shopping, and the waterfront esplanade
• Accessible via subway lines (1/R/W at Rector St; 4/5 at Bowling Green)

Summary

Offered at $30,000 per month (~$654.55/sq ft/year), this 550 sq ft retail space at 88 Greenwich Street is a niche luxury retail opportunity predicated on serving an exclusive, wealthy residential base. The rent is not justified by volume, but by the extreme purchasing power and convenience-driven spending habits of the immediate residents. This space is perfect for an operator with a proven high-end concept—such as a luxury grocer, artisanal café, boutique wine shop, or high-end dry cleaner—that can function as an essential amenity for the building, generating substantial revenue through high margins and repeat business from a small, concentrated customer base.