Commercial Investment Property for Lease – 1881–1885 Broadway, New York, NY 10023
Asking Rent: $20,000 / Month
Price per Sq. Ft.: ~$108 / SF (Annualized)
Space Available: 2,233 Sq. Ft.
Lease Type: Commercial / Retail or Office
Location: Upper West Side – Lincoln Square District
Availability: Immediate
Property Overview
1881–1885 Broadway presents a premier retail/office leasing opportunity in Manhattan’s Upper West Side, directly within the Lincoln Square submarket. The property offers 2,233 sq. ft. of prime frontage along Broadway, benefiting from heavy pedestrian and vehicular traffic as well as proximity to Lincoln Center, Columbus Circle, and Central Park.
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This location is well-suited for high-end retail, boutique fitness, flagship food/beverage concepts, or professional offices requiring visibility in one of New York’s most affluent residential and cultural districts.
Key Features
- Total Space: 2,233 sq. ft.
- Asking Rent: $20,000 / month (approx. $240,000 annually)
- Price per SF: ~$108 (annualized)
- Frontage: Prominent Broadway visibility
- Use Flexibility: Retail, food/beverage, gallery, boutique fitness, or office/showroom
- Condition: Available immediately for tenant fit-out
Market Profile
- Tenant Opportunities: Ideal for national retailers, local flagships, specialty grocers, galleries, fitness/wellness, or medical/professional offices
- Demand Profile: The Upper West Side remains one of NYC’s most stable and high-income neighborhoods, with consistent retail traffic and premium residential demographics
- Comparable Rents: Lincoln Square corridor retail commands $100–$150/SF, making this offering competitively positioned
Financial Highlights
- Monthly Rent: $20,000
- Annualized Rent: $240,000
- Price per SF: ~$108 (annualized)
- Lease Terms: Negotiable (long-term availability preferred)
- Upside Potential: High visibility, affluent local customer base, proximity to cultural and retail anchors (Lincoln Center, Columbus Circle)
Location Advantages
- Neighborhood: Upper West Side – Lincoln Square
- Transit: Access to 1/A/C/B/D subway lines at 59th St–Columbus Circle, multiple bus lines, and walkability to Central Park
- Surroundings: Steps from Lincoln Center, Central Park West, and major residential towers, ensuring stable daily traffic
- Foot Traffic: Strong, with consistent local residents, professionals, and cultural visitors
Summary
The 2,233 sq. ft. commercial space at 1881–1885 Broadway offers a rare Upper West Side retail/office opportunity with Broadway frontage at $20,000/month. With its premium location in Lincoln Square, affluent customer base, and strong cultural anchors nearby, the property represents a high-value leasing opportunity for retailers or service tenants seeking long-term presence in Manhattan.
