Commercial Property for Lease – 111 Mulberry Street, New York, NY 10013
Asking Rent: $36,000 / Month
Size: 5,300 SF
Price per SF: ~$81 / SF annually
Property Type: Retail / Restaurant / Showroom / Creative Use
Location: Little Italy / Chinatown / Lower Manhattan (10013)
Availability: Immediate
Property Overview
111 Mulberry Street offers 5,300 SF of prime commercial space in the heart of Little Italy, one of Manhattan’s most historic and culturally vibrant districts. With broad Mulberry Street frontage and high daily pedestrian traffic, the property is well-suited for restaurants, flagship retail, galleries, or creative concepts.
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The surrounding area benefits from steady tourism, strong local community ties, and proximity to SoHo and Chinatown, making it a versatile opportunity for both hospitality and retail tenants.
Key Features
- Total Size: 5,300 SF
- Asking Rent: $36,000/month ($432,000 annually)
- Price per SF: ~$81 annually
- Frontage: Mulberry Street exposure with high foot traffic visibility
- Use Flexibility: Restaurant, flagship retail, showroom, gallery, or community/creative space
- Condition: Customizable build-out available
Market Profile
- Target Tenants: Restaurants, specialty grocers, fashion/lifestyle retail, cultural galleries, boutique gyms, or hybrid creative spaces
- Neighborhood Demand: Little Italy and Chinatown are undergoing renewed investment and retail growth, with strong spillover demand from SoHo
- Competitive Advantage: At $81/SF, this is a cost-effective option compared to SoHo prime ($120–$150/SF), while still benefiting from tourist and local traffic
Financial Highlights
- Monthly Rent: $36,000
- Annual Rent: $432,000
- Price per SF: ~$81 annually
- Lease Terms: Direct lease, negotiable
- Upside Potential: Ability to capitalize on tourism + neighborhood revitalization, especially for F&B operators
Location Advantages
- Neighborhood: Little Italy / Chinatown / Nolita edge
- Proximity: Canal Street, SoHo, Lower East Side, Tribeca
- Transit: Steps to 6, N/Q/R/W, J/Z subways; close to major bus routes
- Foot Traffic: Consistent flow from tourists, Chinatown residents, and downtown shoppers
Summary
The 5,300 SF space at 111 Mulberry Street is a prime hospitality or retail leasing opportunity, offered at $36K/month (~$81/SF annually). With high visibility in a cultural and tourist hotspot and competitive pricing versus SoHo, it is ideal for restaurants, flagship retail, or creative tenants seeking presence in one of Lower Manhattan’s most vibrant districts.
