Commercial Lease – 191 Chrystie Street, New York, NY 10002
Asking Rent: $20,000 / month
Size: 3,500 SF
Property Type: Commercial / Retail / Creative Use
Location: Lower East Side / Bowery Corridor (10002)
Property Overview
191 Chrystie Street presents a 3,500 SF commercial space located along the Bowery / Lower East Side corridor, one of Manhattan’s most dynamic growth areas. This space is highly adaptable for retail, art gallery, fitness, creative office, or boutique F&B concepts.
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The neighborhood has seen rapid gentrification and cultural development, with a strong mix of trendy restaurants, nightlife, boutique hotels, and residential conversions.
Key Features
- Available Space: 3,500 SF
- Asking Rent: $20,000 / month (~$69/SF annually)
- Use Case: Retail, gallery, creative agency, boutique showroom, hospitality concept
- Ceilings/Structure: Likely loft-style; buyer/tenant to confirm buildout specs
- Neighborhood Character: Artistic, youthful, trend-driven, with strong tourist and nightlife traffic
Market Profile
- Competitive Positioning: At ~$69/SF annually, this space is attractively priced compared to SoHo retail ($100–$150/SF) and is in line with Bowery/LES market rents ($65–$80/SF)
- Target Tenants: Galleries, wellness/fitness operators, F&B (restaurants/bars), DTC retail brands expanding into physical presence
- Demand Drivers: Bowery Hotel, New Museum, cultural anchors, and continued LES residential development
Financial Snapshot
- Annual Rent (Est.): $240,000
- PSF Pricing: ~$69/SF annually
- Lease Structure: To be confirmed (likely modified gross or NNN)
Location Advantages
- Transit: Near B/D/F/M trains at Broadway-Lafayette, J/Z at Bowery, and multiple bus lines
- Foot Traffic: Strong from nightlife, boutique hotels, and cultural venues
- Anchors Nearby: New Museum, Bowery Hotel, Indie galleries, and multiple upscale residential developments
Summary
191 Chrystie Street offers 3,500 SF at $20K/month, a compelling Lower East Side retail/creative lease opportunity. With strong cultural cachet, foot traffic, and pricing below SoHo levels, the property is well-suited for art, wellness, boutique retail, or hospitality tenants seeking a foothold in NYC’s trend-driven LES/Bowery district.
