For Lease – 178 Norfolk Street, New York, NY 10002
Asking Rent: $30,000 / month
Size: 2,000 SF
Property Type: Retail
Location: Lower East Side (10002)
Property Overview
178 Norfolk Street offers a 2,000 SF retail storefront in the heart of the Lower East Side, one of Manhattan’s most dynamic neighborhoods for dining, nightlife, and boutique shopping. With strong foot traffic from both residents and visitors, this space is well-suited for food & beverage, gallery, fitness/wellness, or lifestyle retail concepts.
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Key Features
- Total Size: ≈2,000 SF
- Asking Rent: $30,000 / month
- Annualized Rent: ≈$360,000
- Effective Rent per SF: ≈$180/SF annually
- Frontage: Strong Norfolk Street exposure with branding and signage opportunity
- Layout: Open-plan, efficient configuration adaptable for retail, restaurant, or gallery use
- Building: Mixed-use LES property with active neighboring tenants
Lease & Terms
- Base Rent: $30,000 / month (~$180/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 taxes, and standard retail lease obligations
Market Profile
- Location Advantage: Positioned in the Lower East Side, surrounded by nightlife, dining corridors, boutique galleries, and cultural venues.
- Transit Access: Close to Delancey/Essex (F/M, J/Z), East Broadway (F), and multiple bus lines.
- Neighborhood Demand: High demand from food operators, bars, wellness/lifestyle concepts, and creative retail tenants.
- Competitive Advantage: Rare 2,000 SF retail space in the LES at a competitive rent per SF.
Summary
The 2,000 SF retail space at 178 Norfolk Street, New York, NY 10002 is offered at $30,000/month (~$180/SF annually). With its prime downtown location, adaptable layout, and strong neighborhood demand, this property represents an excellent opportunity for retail, food, or lifestyle brands seeking a Lower East Side presence.
