Commercial Retail Lease – 2868–2878 Broadway, New York, NY 10025
Asking Rent: $25,000/month
Lease Type: Commercial – Retail / Food & Beverage / Boutique
Property Type: Ground-Floor Retail Space
Location: Morningside Heights / Upper West Side, Manhattan (10025)
Availability: Immediate
Property Overview
2868–2878 Broadway presents a 558 SF retail space with prime Broadway frontage in the vibrant Morningside Heights corridor. Situated near Columbia University and surrounded by a dense residential and student population, this space is ideal for grab-and-go food concepts, coffee shops, boutique retailers, or specialty service operators.
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Its compact footprint offers affordability in a high-demand retail corridor, allowing operators to capitalize on strong pedestrian traffic and neighborhood demand.
Key Features
- Total Size: ≈ 558 SF
- Asking Rent: $25,000/month
- Annualized Rent: ≈ $300,000
- Effective Rent per SF: ≈ $538/SF annually
- Configuration: Compact ground-floor space with efficient layout for F&B or boutique retail
- Frontage: Direct Broadway exposure with steady daily pedestrian and vehicle traffic
- Appeal: Rare small-format retail along Columbia University’s Broadway corridor
Lease & Terms
- Base Rent: $25,000/month (~$538/SF/YR)
- Term: Negotiable
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; standard financials required (ID, company info, proof of funds)
- Tenant Responsibilities: Utilities, RE tax, and NNN typical for retail leases
Market Profile
- Location Advantage: Located along Broadway in Morningside Heights, adjacent to Columbia University, Barnard College, and major residential density.
- Transit Access: Near 116th Street (1 line) and multiple crosstown buses.
- Neighborhood Demand: Driven by university students, faculty, professionals, and long-term neighborhood residents.
- Competitive Advantage: Small-format retail with heavy guaranteed foot traffic, rare in a corridor with strong long-term tenants.
Summary
The 558 SF retail space at 2868–2878 Broadway is offered at $25,000/month (~$538/SF annually). With strong Broadway frontage, consistent university-driven traffic, and location in one of Manhattan’s most stable neighborhoods, the property is well-suited for grab-and-go restaurants, coffee, boutique retail, or specialty service tenants seeking visibility and immediate demand.
