Commercial Property for Lease – 68 Forsyth Street, New York, NY 10002
Asking Rent: $12,000 / Month
Size: 750 SF
Price per SF: ~$192 / SF annually
Property Type: Retail / Service / Boutique Office
Status: Available
Property Overview
68 Forsyth Street offers 750 SF of retail or service space on a high-visibility block in the Lower East Side/Chinatown corridor. This compact but well-located property benefits from steady neighborhood foot traffic, diverse local demographics, and proximity to both cultural landmarks and residential communities.
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The space is well-suited for food & beverage concepts, boutique retail, wellness operators, or service-based tenants looking for affordable access to a vibrant downtown market.
Key Features
- Total Size: 750 SF
- Asking Rent: $12,000/month ($144,000 annually)
- Price per SF: ~$192 annually
- Use Flexibility: Retail, café, service shop, wellness, or boutique office
- Frontage: Ground-level storefront with strong visibility
- Condition: Lease-ready; customizable for tenant improvements
Market Profile
- Target Tenants: Cafés, bubble tea/quick-service F&B, neighborhood retailers, wellness studios, or creative professionals
- Neighborhood Demand: Lower East Side/Chinatown remains a high-demand market with strong pedestrian activity and a mix of long-term residents, students, and tourists
- Competitive Advantage: At ~$192/SF, this location is priced competitively for LES/Chinatown, providing good value for tenants seeking a downtown presence
Financial Highlights
- Monthly Rent: $12,000
- Annual Rent: $144,000
- Price per SF: ~$192 annually
- Lease Terms: Direct lease; flexible structures available
- Upside Potential: Affordable entry to a high-traffic corridor with growing residential and cultural appeal
Location Advantages
- Neighborhood: Lower East Side / Chinatown border
- Proximity: Sara D. Roosevelt Park, East Broadway, Grand Street retail, and Essex Crossing development
- Transit: Steps to B/D trains at Grand Street and F at East Broadway
- Foot Traffic: Dense and diverse, including residents, students, commuters, and visitors
Summary
The 750 SF space at 68 Forsyth Street offers a cost-efficient downtown leasing opportunity at $12,000/month (~$192/SF annually). With strong neighborhood visibility and adaptable use potential, it is well-suited for cafés, boutique retailers, or wellness operators looking to establish a presence in the Lower East Side/Chinatown corridor.
