Commercial Property for Lease – 111 Madison Street, New York, NY 10002

Asking Rent: $30,000 / Month
Size: 2,300 SF
Price per SF: ~$157 / SF annually
Property Type: Retail / Restaurant / Community Use
Location: Lower East Side / Two Bridges (10002)
Availability: Immediate

Property Overview

111 Madison Street offers 2,300 SF of flexible-use space in the Two Bridges / Lower East Side submarket of Manhattan. With strong visibility on Madison Street, this property is ideal for restaurant operators, retail, or community-serving tenants.

The neighborhood has experienced significant residential growth and gentrification, driven by new developments along the East River waterfront, while still retaining its strong local community base.

Key Features

• Total Size: 2,300 SF
• Asking Rent: $30,000/month ($360,000 annually)
• Price per SF: ~$157 annually
• Use Flexibility: Retail, restaurant, grocery, medical, or community use
• Frontage: Madison Street exposure, pedestrian-heavy corridor
• Condition: Ready for tenant build-out

Market Profile

• Target Tenants: Restaurants, specialty retail, urgent care/medical, community services, or boutique gyms/fitness operators
• Neighborhood Demand: The Two Bridges and LES markets continue to see rising residential density and mixed-use development, creating strong demand for retail and dining
• Competitive Advantage: At ~$157/SF, rent is more affordable than SoHo or prime LES retail, yet captures the same growing tenant base

Financial Highlights

• Monthly Rent: $30,000
• Annual Rent: $360,000
• Price per SF: ~$157 annually
• Lease Terms: Direct lease, flexible
• Upside Potential: Ability to serve both local residential demand and LES cultural/restaurant traffic

Location Advantages

• Neighborhood: Lower East Side / Two Bridges
• Proximity: East River waterfront developments, Manhattan Bridge, Chinatown, LES cultural core
• Transit: Close to F, J, Z, and M subway lines; multiple bus routes
• Foot Traffic: Mix of long-term residents, new development tenants, and downtown visitors

Summary

The 2,300 SF space at 111 Madison Street is a prime LES/Two Bridges retail opportunity, offered at $30K/month (~$157/SF annually). With flexibility for restaurant, retail, or community-serving use, this property positions tenants to capture both local neighborhood demand and downtown cultural traffic.