Commercial Lease – 24 John Street, New York, NY 10038
Asking Rent: $50,000/Month
Size: 1,650 SF
Lease Type: Retail
Property Type: Ground-Floor Retail Storefront
Location: Financial District (10038)
Availability: Immediate
Property Overview
24 John Street offers a 1,650 SF retail space in the heart of the Financial District, just off Broadway and steps from Fulton Center. With heavy foot traffic driven by commuters, office workers, and a growing residential population, this location provides excellent visibility and strong tenant potential.
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The space is ideal for food & beverage, quick-service dining, boutique retail, fitness/wellness, or service-based operators looking to capture steady demand in Lower Manhattan’s high-density corridor.
Key Features
- Total Size: ≈1,650 SF
- Asking Rent: $50,000/Month
- Annualized Rent: ≈$600,000
- Effective Rent per SF: ≈$364/SF annually
- Frontage: Prime John Street exposure with strong branding and signage opportunity
- Configuration: Efficient rectangular floorplan adaptable for café, retail, or service-based use
- Building: Professional mixed-use property with strong co-tenancy
Lease & Terms
- Base Rent: $50,000/Month (~$364/SF/YR)
- Term: Negotiable (long-term preferred)
- 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: Located just off Broadway near Fulton Center, World Trade Center, and the PATH hub, benefitting from commuter and tourist foot traffic.
- Transit Access: Steps from Fulton Center (2/3, 4/5, A/C, J/Z, R/W) and PATH at WTC.
- Neighborhood Demand: Consistently strong from QSR, coffee, boutique fitness, wellness, and neighborhood retail operators.
- Competitive Advantage: Rare FiDi retail storefront under 2,000 SF with strong commuter-driven demand.
Summary
The 1,650 SF retail space at 24 John Street, New York, NY 10038 is offered at $50,000/Month (~$364/SF annually). With its prime Financial District location, heavy foot traffic, and flexible layout, this property is a compelling opportunity for retail, dining, or service tenants seeking a downtown presence.
