Commercial Lease – 118–122 Baxter Street, New York, NY 10013
Asking Rent: $4,000/month
Lease Type: Commercial – Retail / Office / Creative Studio
Property Type: Ground-Floor Space
Location: Chinatown / Little Italy Corridor (10013)
Availability: Immediate
Property Overview
118–122 Baxter Street offers an ≈800 SF boutique ground-floor commercial space in one of Lower Manhattan’s busiest and most culturally vibrant districts. With a flexible open layout and strong neighborhood foot traffic, this space is well-suited for boutique retail, gallery/showroom, professional office, or wellness/creative studio use.
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Located between Canal Street and Hester Street, the property benefits from its position at the crossroads of Chinatown, Little Italy, and Soho, ensuring visibility to both local residents and high-volume tourist traffic.
Key Features
- Total Size: ≈ 800 SF
- Asking Rent: $4,000/month
- Annualized Rent: ≈ $48,000
- Effective Rent per SF: ≈ $60/SF annually
- Configuration: Efficient open plan with adaptable build-out potential
- Exposure: Street-level storefront with Baxter Street frontage
- Potential Uses: Retail boutique, professional office, creative/wellness studio, art gallery
Lease & Terms
- Base Rent: $4,000/month (~$60/SF/YR)
- Term: Negotiable
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; standard financials required
- Tenant Responsibilities: Utilities and proportionate share of RE tax
Market Profile
- Location Advantage: Situated in Chinatown/Little Italy, with heavy pedestrian flow and proximity to Soho’s retail corridors.
- Transit Access: Close to Canal Street (6, N/Q/R/W, J/Z) and multiple downtown bus lines.
- Neighborhood Demand: Strong from independent retailers, creative firms, professional services, and food/wellness operators.
- Competitive Advantage: A rare sub-1,000 SF affordable storefront in a Lower Manhattan neighborhood with built-in traffic and tourism draw.
Summary
The ≈800 SF commercial space at 118–122 Baxter Street, New York, NY 10013 is offered at $4,000/month (~$60/SF annually). With its prime downtown location, flexible layout, and affordable rent, this property is an excellent fit for retailers, creative firms, or professional tenants seeking a strong presence in one of Manhattan’s most dynamic cultural districts.
