Retail Investment Property for Lease – 1 Crosby Street, New York, NY 10012
Asking Rent: $30,000 / Month
Sale Type: Lease – Retail
Property Type: Ground-Floor Retail Space
Location: Urban – SoHo, Manhattan (10012)
Availability: Immediate
Property Overview
1 Crosby Street offers 2,400 SF of retail space at the crossroads of SoHo’s luxury shopping and cultural corridor. Located just off Broadway and Spring Street, the property benefits from exceptional foot traffic and strong co-tenancy with global fashion, lifestyle, and hospitality brands.
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This rare SoHo corner location is ideal for boutique fashion retailers, design-forward home goods, food & beverage operators, or experiential brands seeking maximum exposure in one of Manhattan’s most iconic shopping destinations.
Key Features
- Size: 2,400 SF
- Asking Rent: $30,000 / month (~$150 PSF annualized)
- Configuration: Open floorplate adaptable for retail, gallery, or hospitality concepts
- Frontage: Strong visibility at Crosby Street in prime SoHo
- Market Segment: Luxury retail, boutique fashion, food & beverage, art galleries
Market Profile
- Submarket: SoHo – Manhattan’s premier destination for luxury, boutique, and creative retail
- Demand Drivers: International tourism, affluent local residents, and a dense daytime office population
- Target Tenants: Luxury brands, experiential concepts, flagship showrooms, boutique hospitality operators
- Competitive Advantage: Rare large-format SoHo retail space with below-market rent per SF relative to Broadway and Spring Street
Financial Highlights
- Asking Rent: $30,000 / month
- Size: 2,400 SF
- Asking Rent per SF (Annualized): ~$150/SF
- Lease Type: Negotiable – long-term flagship tenancy potential
- Upside Potential: Substantial appreciation in rental value given SoHo’s consistent global demand and limited availability of large-format corner units
Location Advantages
- Neighborhood: SoHo – premier global retail destination known for high-end fashion, design, and art
- Proximity: Steps from Spring Street, Broadway, and surrounding international luxury flagships
- Transit: Near Canal Street (N, Q, R, W, 6) and Spring Street (C, E) subway stations
- Tenant Demand: High from luxury retailers, experiential tenants, and hospitality operators capitalizing on SoHo’s brand equity
Summary
The 2,400 SF retail unit at 1 Crosby Street, SoHo is offered at $30,000/month (~$150/SF annualized), representing a compelling flagship opportunity in one of the world’s most prestigious shopping districts. With its strong visibility, high foot traffic, and global destination appeal, this property offers tenants a rare chance to establish a SoHo presence at favorable pricing relative to the broader submarket.
