Commercial Investment Property for Lease – 474 Broadway, New York, NY 10013
Asking Rent: $15,000 / Month
Sale Type: Lease – Retail / Commercial Opportunity
Property Type: Ground-Floor Retail / Showroom Space
Location: Urban – SoHo, Manhattan (10013)
Availability: Immediate
Property Overview
474 Broadway presents a 2,000 SF retail leasing opportunity in the heart of SoHo, one of Manhattan’s most desirable retail corridors. With Broadway frontage and strong visibility, the space benefits from steady pedestrian traffic and proximity to luxury fashion houses, boutique retailers, and top dining destinations.
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The property is well-suited for fashion, lifestyle, or experiential brands seeking to capitalize on SoHo’s global draw. Its larger format relative to typical boutique units provides flexibility for merchandising, showrooms, or mixed retail-service concepts.
Key Features
- Total Size: 2,000 SF
- Asking Rent: $15,000/month (~$90/SF annualized)
- Property Type: Ground-floor retail / showroom
- Location: Prime SoHo Broadway frontage
- Visibility: Excellent pedestrian and vehicular exposure on one of the district’s highest-profile streets
- Configuration: Open floor plan adaptable for retail, gallery, or service use
Market Profile
- Property Type: Mid-size retail unit in SoHo’s premier retail corridor
- Target Tenant Base: Fashion brands, showrooms, boutique fitness/wellness, experiential concepts
- Neighborhood Demand: SoHo continues to attract global retailers and steady tourist demand, commanding premium visibility
- Competitive Advantage: Mid-size format allows for both boutique concepts and larger-scale retail operations compared to smaller Spring/Prince St. storefronts
Financial Highlights
- Asking Rent: $15,000 per month
- Annualized Rent: $180,000
- Rent per SF (Annualized): ~$90/SF
- Lease Type: Typically NNN or modified gross (to be negotiated)
- Upside Potential: Strong tenant retention and future rent escalations driven by SoHo’s enduring global appeal
Location Advantages
- Neighborhood: SoHo – premier shopping and cultural destination in Manhattan
- Proximity: Near Prince St. and Canal St. corridors, surrounded by global retailers and luxury boutiques
- Transit: Excellent subway access (R, W, 6, J, Z, N, Q lines nearby) and heavy foot traffic corridors
- Tenant Demand: Mix of established fashion/luxury brands and emerging retailers competing for limited Broadway frontage
Summary
The 2,000 SF retail unit at 474 Broadway, SoHo is offered for lease at $15,000/month (~$90/SF annually), presenting a rare mid-size flagship opportunity in one of Manhattan’s most competitive retail corridors. With its prime Broadway visibility, adaptable floor plan, and global brand presence nearby, this property is ideal for retailers seeking long-term positioning in New York’s premier retail marketplace.
