Commercial Investment Property for Lease – 72 Spring Street, New York, NY 10012
Asking Rent: $80,000 / Month
Sale Type: Lease – Investment / Retail Opportunity
Property Type: Ground-Floor Retail / Mixed-Use Space
Location: Urban – SoHo, Manhattan (10012)
Availability: Immediate
Property Overview
72 Spring Street presents a premier 11,500 SF retail leasing opportunity in the heart of SoHo, one of Manhattan’s most dynamic retail corridors. The property offers large-format floor plates with high visibility and foot traffic, surrounded by luxury retailers, boutique shops, and top dining destinations.
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This space is ideal for flagship retail, showroom, or high-end experiential concepts seeking to capture the energy and clientele of SoHo. With its central location and flexible floor configuration, the property provides both brand exposure and operational functionality.
Key Features
- Total Size: 11,500 SF
- Asking Rent: $80,000/month (~$83/SF annualized)
- Property Type: Ground-floor retail / showroom
- Location: Spring Street, prime SoHo corridor
- Visibility: Strong pedestrian and tourist foot traffic; surrounded by established retail brands
- Configuration: Large open floor plates, adaptable for retail, showroom, or mixed-use
Market Profile
- Property Type: Retail investment space in SoHo, one of NYC’s most desirable shopping submarkets
- Target Tenant Base: Luxury brands, fashion showrooms, lifestyle and experiential retailers
- Neighborhood Demand: SoHo continues to command premium rents due to its mix of tourism, local affluence, and global retail presence
- Competitive Advantage: Large-format space in a market where small boutiques dominate; ideal for a flagship tenant
Financial Highlights
- Asking Rent: $80,000 per month
- Annualized Rent: $960,000
- Rent per SF (Annualized): ~$83/SF
- Lease Type: To be negotiated (NNN/modified gross typical in market)
- Upside Potential: Brand positioning in NYC’s premier retail corridor with long-term appreciation of lease value
Location Advantages
- Neighborhood: SoHo – Manhattan’s premier retail and cultural hub
- Proximity: Surrounded by luxury fashion, art galleries, and hospitality venues; near Nolita, Tribeca, and Greenwich Village
- Transit: Easy access to multiple subway lines (Spring St, Prince St, Canal St), plus strong local and tourist foot traffic
- Tenant Demand: Flagship opportunities remain competitive; vacancy rates remain low compared to other NYC submarkets
Summary
The 11,500 SF retail property at 72 Spring Street, SoHo is offered for lease at $80,000/month (~$83/SF annually), presenting a rare flagship opportunity in Manhattan’s strongest retail corridor. With its visibility, location, and scale, the property offers immediate brand exposure and long-term positioning in one of New York City’s most valuable retail districts.
