Commercial Lease – 112 Suffolk Street, New York, NY 10002
Asking Rent: $15,000/month
Size: 1,700 SF
Lease Type: Retail / Food & Beverage / Boutique Service
Property Type: Ground-Floor Retail Space
Location: Lower East Side (10002)
Availability: Immediate
Property Overview
112 Suffolk Street offers a 1,700 SF ground-floor retail opportunity in the Lower East Side, one of Manhattan’s most dynamic neighborhoods. Surrounded by an eclectic mix of restaurants, nightlife, boutique retail, and cultural venues, this space benefits from strong daily foot traffic and a growing residential base.
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Its adaptable layout and Suffolk Street frontage make it an excellent choice for restaurant/café operators, boutique retailers, gallery owners, or wellness/fitness concepts looking to capture LES’s trend-driven demographic.
Key Features
- Total Size: ≈ 1,700 SF
- Asking Rent: $15,000/month
- Annualized Rent: ≈ $180,000
- Effective Rent per SF: ≈ $106/SF annually
- Configuration: Open floorplate with build-out flexibility for F&B, retail, or services
- Frontage: Street-level Suffolk Street exposure with branding potential
- Potential Uses: Restaurant, café, bar, boutique retail, gallery, fitness/wellness, salon
Lease & Terms
- Base Rent: $15,000/month (~$106/SF/YR)
- Term: Negotiable
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; tenant financials required
- Tenant Responsibilities: Utilities, RE tax, and obligations typical for retail leases
Market Profile
- Location Advantage: Prime LES block surrounded by nightlife, shopping, and residential conversions.
- Transit Access: Close to Delancey/Essex (F/M, J/Z), 2nd Avenue (F), and multiple bus routes.
- Neighborhood Demand: High from boutique retail, food operators, nightlife, and wellness/fitness concepts.
- Competitive Advantage: Rare sub-2,000 SF retail space in LES, offering affordability and branding potential in a fast-growing corridor.
Summary
The 1,700 SF retail space at 112 Suffolk Street, New York, NY 10002 is offered at $15,000/month (~$106/SF annually). With its Lower East Side location, adaptable configuration, and strong neighborhood demand, this property is a compelling opportunity for retailers, food operators, or service tenants seeking a downtown presence.
