Commercial Lease – 31 East 17th Street, New York, NY 10003
Asking Rent: $90,000/month
Lease Type: Commercial – Retail / Showroom / Flagship Space
Property Type: Ground-Floor Retail Space
Location: Union Square / Flatiron District (10003)
Availability: Immediate
Property Overview
31 East 17th Street presents a 5,000 SF flagship retail opportunity directly off Union Square, one of Manhattan’s busiest retail and transit hubs. With wide street frontage, soaring ceilings, and unmatched daily pedestrian volume, this space is ideally suited for national retailers, fitness/wellness brands, flagship dining, or showroom concepts seeking a premier downtown presence.
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The property sits at the crossroads of Union Square, Flatiron, and Gramercy, ensuring exposure to local residents, office workers, students, and consistent destination shoppers.
Key Features
- Total Size: ≈ 5,000 SF
- Asking Rent: $90,000/month
- Annualized Rent: ≈ $1,080,000
- Effective Rent per SF: ≈ $216/SF annually
- Configuration: Large open floorplate with adaptable build-out options
- Frontage: Prime East 17th Street exposure with heavy foot traffic from Union Square Park
- Potential Uses: National retail, flagship F&B, fitness/wellness, showroom, gallery
Lease & Terms
- Base Rent: $90,000/month (~$216/SF/YR)
- Term: Negotiable (long-term preferred)
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; financials required
- Tenant Responsibilities: Utilities, RE tax, and obligations typical for flagship retail leases
Market Profile
- Location Advantage: Steps from Union Square Park, Greenmarket, and surrounded by national retailers, dining, and offices.
- Transit Access: Union Square Transit Hub (4/5/6, N/Q/R/W, L) with direct connectivity to all boroughs.
- Neighborhood Demand: Strong from retailers, fitness operators, restaurants, and showroom tenants targeting high-volume traffic.
- Competitive Advantage: Rare 5,000 SF Union Square flagship space offering premium visibility at competitive rent/SF for the submarket.
Summary
The 5,000 SF retail space at 31 East 17th Street, New York, NY 10003 is offered at $90,000/month (~$216/SF annually). With its Union Square location, wide frontage, and exceptional pedestrian exposure, the property is a premier opportunity for flagship retail, dining, or showroom tenants seeking a dominant downtown presence.
