Retail Investment Property for Lease – 1151-1153 Broadway, New York, NY 10001
Asking Rent: $40,000 / Month
Sale Type: Lease – Retail
Property Type: Ground-Floor Retail Space
Location: Urban – NoMad / Flatiron District, Manhattan (10001)
Availability: Immediate
Property Overview
1151-1153 Broadway offers 1,475 SF of prime ground-floor retail space in the heart of Manhattan’s NoMad/Flatiron corridor. This high-traffic location benefits from strong pedestrian flows, proximity to Madison Square Park, and a growing mix of hospitality, residential, and office developments.
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With open layout potential and wide frontage, the space is ideally suited for boutique retail, specialty food & beverage, or experiential brands targeting the Midtown South market. Its adjacency to upscale residential towers, creative office tenants, and hotel developments enhances long-term positioning for tenants seeking visibility and brand presence.
Key Features
- Size: 1,475 SF
- Asking Rent: $40,000 / month (~$325 PSF annualized)
- Frontage: Wide street presence along Broadway
- Condition: Ground-floor retail with open layout flexibility
- Market Segment: Fashion, boutique retail, food & beverage, and experiential concepts
Market Profile
- Submarket: NoMad / Flatiron District – one of Manhattan’s fastest-growing mixed-use corridors
- Demand Drivers: Upscale residential conversions, Class-A office tenants, boutique hotels, and active retail strips along Broadway & Fifth Avenue
- Target Tenants: Boutique retailers, food & beverage operators, fitness/wellness concepts, and experiential brands
- Competitive Advantage: High pedestrian visibility, strong daytime office population, and growing residential base
Financial Highlights
- Asking Rent: $40,000 / month
- Size: 1,475 SF
- Asking Rent per SF (Annualized): ~$325/SF
- Lease Type: Negotiable; long-term preferred
- Upside Potential: Strong rent growth outlook tied to NoMad’s transformation into a luxury residential and hospitality hub
Location Advantages
- Neighborhood: NoMad / Flatiron District – vibrant Midtown South corridor anchored by Madison Square Park
- Proximity: Surrounded by hotels, co-working spaces, luxury residential towers, and Class-A office tenants
- Transit: Close to 23rd Street subway (N/R/W), 28th Street stations, and PATH/NJ Transit at nearby Penn Station
- Tenant Demand: Strong from retail and F&B operators seeking visibility in a rapidly evolving mixed-use neighborhood
Summary
The 1,475 SF retail space at 1151-1153 Broadway is offered at $40,000 per month (~$325/SF annualized rent), delivering a rare opportunity to secure prime frontage in the dynamic NoMad/Flatiron corridor. With strong co-tenancy, pedestrian visibility, and long-term growth prospects, this location is well-positioned for boutique retailers and experiential tenants seeking a flagship presence in Manhattan.
