Retail

Prime Retail Space on Grand Street – 359 Grand Street, Lower East Side

Address: 359 Grand Street, New York, NY, 10002
Price: $50,000/month
Square Feet: 1,145 SF
Type: Retail Space

Property Overview:

Located on Grand Street in the heart of the Lower East Side — one of downtown Manhattan’s most vibrant, diverse, and rapidly evolving neighborhoods — 359 Grand Street offers 1,145 SF of prime retail space at a premium price befitting this high-traffic, trend-driven corridor. Ideal for boutiques, concept stores, art galleries, specialty food shops, beauty salons, fitness studios, or service-based businesses. Situated between Essex Street and Norfolk Street, this space benefits from proximity to Essex Crossing, the Market Line, and some of the city’s best dining, nightlife, and shopping.

Key Features:

Prime Lower East Side / Essex Crossing Location:

• Situated on Grand Street, a major east-west thoroughfare that serves as a commercial spine for the Lower East Side — one of downtown Manhattan’s most vibrant, diverse, and rapidly evolving neighborhoods, known for its rich history, street art, community gardens, legendary nightlife, and world-class dining.
• Located between Essex Street and Norfolk Street, placing your business at the epicenter of the Lower East Side’s retail and cultural renaissance.
• Just steps from Essex Crossing — a massive, transformative mixed-use development featuring luxury rentals, a Regal Cinemas, the Market Line food hall (over 40 vendors), and the new home of the historic Essex Street Market.
• Minutes from Sara D. Roosevelt Park, a bustling public space featuring basketball courts, soccer fields, community gardens, a popular dog run, and playgrounds — drawing hundreds of daily visitors.
• Short walk to Chinatown, SoHo, NoLita, Little Italy, and the East Village.

Massive Foot Traffic – Essex Crossing Destination:

• Essex Crossing has fundamentally transformed the Lower East Side, attracting a younger, more affluent demographic and generating millions of annual visits from residents, shoppers, moviegoers, and food enthusiasts.
• The Market Line and Essex Street Market draw food lovers from across the city, creating consistent foot traffic throughout the day and evening.
• Regal Cinemas at Essex Crossing brings additional foot traffic from moviegoers, especially on weekends and evenings.
• The area is a 24/7 destination, with strong daytime foot traffic from residents, office workers, and shoppers, plus exceptionally strong evening and weekend traffic from the neighborhood’s legendary bars, restaurants, and music venues.

Spacious & High-Visibility Retail Layout:

• 1,145 SF of well-proportioned retail space — ideally sized for a boutique, concept store, art gallery, specialty food market, beauty salon, fitness studio, or service-based business.
• Attractive storefront with excellent street-level visibility on Grand Street, a busy downtown corridor with constant pedestrian and vehicular flow.
• High ceilings and open floor plan (characteristic of the Lower East Side’s historic tenement buildings), allowing for creative merchandising, retail displays, or custom build-outs.
• Large windows providing abundant natural light and prime window display opportunities facing Grand Street’s steady foot traffic.
• Potential for original architectural details such as exposed brick, tin ceilings, or hardwood floors — adding authentic LES character.
• Potential for back-of-house space, storage, fitting rooms, or office areas depending on configuration.
• At $43.67 per square foot, this price reflects the premium nature of this Essex Crossing-adjacent location — competitive for this high-demand corridor.

Excellent Transit Access:

• Moments from the Delancey Street / Essex Street subway station (F, M, J, Z) , providing direct connections to Midtown, Brooklyn, and Queens.
• Close to the East Broadway station (F) , Grand Street station (B, D) , and Canal Street station (N, Q, R, W, 6, J, Z) .
• Multiple bus routes serve Grand Street, Essex Street, and Delancey Street (M9, M14, M15, M21, B39).
• Short walk to the Williamsburg Bridge, providing easy access for pedestrians, cyclists, and drivers coming from Brooklyn (Williamsburg, Bushwick).
• Convenient for Lower East Side residents, Brooklyn commuters, and shoppers from across the city.

Trend-Conscious, High-Spending Customer Base:

• Young professionals and creatives — the Lower East Side attracts a young, creative, fashion-forward crowd, including artists, designers, musicians, influencers, and tech workers.
• Essex Crossing residents — new luxury residential buildings bring a younger, more affluent demographic to the area.
• Longtime residents — diverse community with deep roots in the neighborhood, including Chinese, Latino, and Eastern European communities.
• Food enthusiasts — visitors to the Market Line and Essex Street Market.
• Tourists — visitors to the Tenement Museum, Katz’s Delicatessen, and the Lower East Side’s legendary music venues and nightlife.
• Ideal for businesses such as:
• Independent or concept boutique (apparel, accessories, vintage)
• Contemporary art gallery
• Specialty food, chocolate, or wine shop
• Beauty or nail salon (trend-focused)
• Small-format fitness or yoga studio
• Coffee shop or cafe
• Home goods or apothecary
• Tattoo or piercing studio
• Legal or medical office (retail-facing)

Highlights:
✔ 1,145 SF of prime retail space on Grand Street, Lower East Side
✔ $50,000/month — premium Essex Crossing-adjacent location at $43.67 per square foot
✔ Attractive storefront with excellent visibility on a major downtown corridor
✔ Steps from Essex Crossing, The Market Line, Essex Street Market, and Regal Cinemas
✔ High ceilings and authentic LES character (exposed brick, tin ceilings, hardwood floors)
✔ Surrounded by independent boutiques, art galleries, cocktail bars, and acclaimed restaurants
✔ Strong, diverse, high-spending foot traffic — residents, young professionals, creatives, foodies, and tourists
✔ Excellent transit access — F, M, J, Z, B, D, N, Q, R, W, 6 trains and Williamsburg Bridge

Conclusion:

359 Grand Street offers an exceptional opportunity for retailers, restaurateurs, and creative entrepreneurs seeking a premium, high-visibility retail space in the heart of the Lower East Side — directly adjacent to the transformative Essex Crossing development. With 1,145 SF of flexible, character-rich space, a prime Grand Street location steps from The Market Line and Essex Street Market, and access to a diverse, high-spending, trend-conscious customer base of young professionals, creatives, residents, foodies, and tourists, this property is perfect for boutiques, concept stores, art galleries, specialty food shops, beauty salons, or fitness studios looking to thrive in one of downtown Manhattan’s most vibrant and rapidly evolving neighborhoods — at a premium price befitting this prime location.

Contact us today to schedule a private tour and secure this premier Lower East Side retail space!