Commercial Property for Lease – 191–193 Orchard Street, New York, NY 10002
Asking Rent: $30,000 / Month
Sale Type: Lease – Retail / Showroom / Hospitality
Property Type: Ground-Floor Retail Space
Location: Urban – Lower East Side, Manhattan (10002)
Availability: Immediate
Property Overview
191–193 Orchard Street offers a 2,500 SF retail leasing opportunity in the Lower East Side, one of New York’s most trend-driven cultural and retail submarkets. Situated on a high-traffic stretch of Orchard Street, the property benefits from steady pedestrian flow, nightlife activity, and proximity to established dining and retail destinations.
Read More
The space’s mid-size floorplate makes it versatile for restaurants, bars, specialty retail, or gallery/showroom concepts, offering operators a rare balance between boutique identity and operational scale.
Key Features
- Size: 2,500 SF
- Asking Rent: $30,000 / month (~$144 PSF annualized)
- Configuration: Open floor plan suitable for retail, food & beverage, or experiential use
- Frontage: Prominent Orchard Street presence with excellent visibility
- Market Segment: Food & beverage, lifestyle retail, galleries, or entertainment concepts
Market Profile
- Submarket: Lower East Side – highly active nightlife and cultural corridor
- Demand Drivers: Dense residential population, destination dining/nightlife, and trend-focused retail traffic
- Target Tenants: Restaurants, boutique retailers, galleries, entertainment and experiential operators
- Competitive Advantage: Larger than typical Orchard Street storefronts, providing operators more flexibility for buildout and scale
Financial Highlights
- Asking Rent: $30,000 / month
- Size: 2,500 SF
- Asking Rent per SF (Annualized): ~$144/SF
- Lease Type: Negotiable; NNN or modified gross standard
- Upside Potential: Attractive PSF pricing compared to smaller LES units, enabling larger-scale operations in a high-demand corridor
Location Advantages
- Neighborhood: Lower East Side – eclectic, nightlife-driven, and culturally vibrant community
- Proximity: Steps to Delancey/Essex Market, Ludlow Street nightlife, and SoHo retail district
- Transit: Easy access to F, J, M, Z subway lines at Delancey/Essex and nearby bus routes
- Tenant Demand: High from food, beverage, entertainment, and boutique retail operators looking to capture LES’s mix of locals and visitors
Summary
The 2,500 SF retail space at 191–193 Orchard Street, Lower East Side is offered at $30,000/month (~$144/SF annually), providing a rare mid-size opportunity in one of Manhattan’s hottest cultural districts. With its flexible layout, strong pedestrian traffic, and nightlife-driven demand, the property is ideal for restaurants, specialty retailers, or entertainment concepts seeking Orchard Street presence.
