Commercial Lease – 151 Spring Street, New York, NY 10012
Asking Rent: $40,000/month
Lease Type: Commercial – Retail / Showroom / Gallery / Creative Studio
Property Type: Ground-Floor Boutique Retail Space
Location: SoHo Prime Corridor (10012)
Availability: Immediate
Property Overview
151 Spring Street offers a 1,650 SF boutique retail/showroom opportunity in one of Manhattan’s most high-profile retail corridors. Spring Street is among SoHo’s most coveted luxury retail stretches, with global fashion houses, design showrooms, and destination foot traffic surrounding the property.
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With strong daily pedestrian volume, high-end co-tenancy, and a premium branding address, this space is ideal for luxury retail, designer showrooms, galleries, or wellness/beauty concepts seeking immediate visibility in a trend-driven SoHo corridor.
Key Features
- Total Size: ≈ 1,650 SF
- Asking Rent: $40,000/month
- Annualized Rent: ≈ $480,000
- Effective Rent per SF: ≈ $291/SF annually
- Configuration: Boutique open-plan layout adaptable for retail, showroom, or creative use
- Frontage: Prominent Spring Street exposure with consistent pedestrian traffic
- Potential Uses: Luxury retail, showroom, gallery, creative office/studio, wellness/beauty
Lease & Terms
- Base Rent: $40,000/month (~$291/SF/YR)
- Term: Negotiable
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; standard tenant financials required
- Tenant Responsibilities: Utilities, RE tax, and obligations typical for retail leases
Market Profile
- Location Advantage: Situated in SoHo’s premier luxury shopping corridor, with immediate adjacency to designer flagships, boutique fashion houses, and destination cafés.
- Transit Access: Steps from Prince Street (R/W), Spring Street (6), and Broadway–Lafayette (B/D/F/M).
- Neighborhood Demand: Strong from luxury retailers, design showrooms, and high-profile gallery operators targeting SoHo’s international visitor base.
- Competitive Advantage: Rare sub-2,000 SF boutique retail space with Spring Street branding potential—prime exposure in a world-renowned shopping destination.
Summary
The 1,650 SF boutique retail space at 151 Spring Street, New York, NY 10012 is offered at $40,000/month (~$291/SF annually). With its prime Spring Street frontage, SoHo luxury adjacency, and adaptable boutique configuration, the property is a compelling opportunity for retailers, showrooms, or gallery operators seeking presence in one of Manhattan’s most valuable retail districts.
