Retail

102 Chambers Street, New York, NY 10007 – Tribeca / Financial District Border
Asking Rent: $20,000/month
Space: 1,104 sq ft
Property Type: Retail (Ground Floor)
Rent per Sq Ft: $18.12/month ($217.39/sq ft annualized)

Property Overview

This 1,104-square-foot retail space at 102 Chambers Street is a premium-priced boutique opportunity on a key downtown corridor at the border of Tribeca and the Financial District. With an asking rent of $20,000 per month, it is positioned for a high-margin, service-oriented, or curated retail business that caters to both affluent Tribeca residents and the dense daytime professional population. The price reflects the space’s prime positioning for businesses like an upscale cafe, boutique fitness studio, specialty salon, or high-end convenience market that can command premium prices in a high-traffic, high-income area.

Space Highlights

• Ground-floor retail space of 1,104 sq ft with direct frontage on Chambers Street.
• Suitable for a high-end cafe/bakery with seating, boutique fitness studio (e.g., barre, pilates, yoga), specialty salon/spa, or curated gourmet market.
• Likely features quality finishes and good visibility, consistent with the upscale, renovated buildings in the area.
• Requires a high-quality, custom build-out to create an appealing environment that justifies premium pricing (e.g., custom coffee bar, specialized salon stations, high-end retail fixtures).
• The square footage allows for a comfortable customer area and efficient back-of-house operations.

Location & Neighborhood

• Prime Tribeca / Financial District border location on Chambers Street between Church Street and Broadway.
• Situated in a vibrant, mixed-use area steps from Tribeca’s luxury residential lofts and the courthouses and office towers of the Civic Center.
• Serves a dual customer base: affluent local residents with high disposable income and a massive daily influx of legal professionals, government workers, and office employees.
• Strong, reliable foot traffic from both demographics throughout the day and week.
• Excellent transit access via the 1/2/3, A/C, J/Z, R/W trains at Chambers St and the A/C, E trains at nearby World Trade Center.
• Walkable to City Hall, the Hudson River Park, and the South Street Seaport.

Summary

Priced at $20,000/month ($18.12/sq ft/month), this 1,104 sq ft retail space at 102 Chambers Street commands a premium rent reflective of its dual-audience location in a high-income downtown enclave. The annualized rent of $217.39 per square foot is justified by the ability to capture spending from both wealthy residents and a captive professional lunch crowd. This opportunity is ideal for an established operator with a polished, premium concept that can efficiently serve quick daytime transactions while also building a loyal local clientele for repeat business. Success depends on exceptional execution, quality, and service to meet the high expectations of the neighborhood’s discerning customers.