Commercial Lease – 253 Church Street, New York, NY 10013
Asking Rent: $15,000 / month
Size: 2,896 SF
Property Type: Commercial / Retail / Creative Office
Location: Tribeca / SoHo Border (10013)
Property Overview
253 Church Street offers 2,896 SF of commercial space in the heart of Tribeca/SoHo, one of Manhattan’s most desirable live-work-play neighborhoods. The space is suitable for retail, gallery, boutique showroom, or creative office use, benefiting from strong foot traffic, affluent residential density, and proximity to SoHo shopping corridors.
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Tribeca and SoHo attract a blend of luxury retail, fine dining, boutique fitness, art galleries, and professional firms, making this a versatile leasing opportunity.
Key Features
- Available Space: 2,896 SF
- Asking Rent: $15,000 / month (~$62/SF annually)
- Use Case: Retail, boutique showroom, creative office, art space, or wellness studio
- Building Type: Likely mixed-use loft building typical of Tribeca/SoHo corridor
- Neighborhood: Upscale residential base + tourism + proximity to Canal St.
Market Profile
- Competitive Positioning: At ~$62/SF annually, this property sits below typical SoHo prime retail rents ($100–$150/SF) but aligns with Tribeca boutique/secondary frontage pricing ($60–$80/SF)
- Target Tenants: Luxury lifestyle brands, design showrooms, boutique F&B, wellness/fitness operators, creative agencies
- Demand Drivers: High-end Tribeca residential demand, SoHo shopping corridors, strong tourism
Financial Snapshot
- Annual Rent (Est.): $180,000
- PSF Pricing: ~$62/SF annually
- Lease Structure: To be confirmed (likely modified gross or NNN)
Location Advantages
- Transit: Close to Canal St. (A/C/E, N/Q/R/W, 6 trains) and Franklin St. (1 train)
- Visibility: Church St. connects SoHo and Tribeca, with mixed tourist and local foot traffic
- Anchors Nearby: Tribeca restaurants, SoHo flagship retailers, boutique fitness clubs, and major creative agencies
Summary
253 Church Street delivers 2,896 SF of versatile commercial space for $15K/month, making it a cost-efficient entry point into Tribeca/SoHo. With pricing at ~$62/SF, this property is highly competitive versus SoHo retail, making it a strong candidate for boutique retail, creative offices, or lifestyle-driven tenants seeking a downtown Manhattan presence.
