For Lease – 53–57 Park Place, New York, NY 10007
Asking Rent: $110,000 / month
Size: 4,837 SF
Property Type: Retail
Location: Financial District / World Trade Center (10007)
Property Overview
53–57 Park Place offers a 4,837 SF prime retail space in the heart of Lower Manhattan, steps from the World Trade Center, Fulton Transit Hub, and City Hall. With strong daily pedestrian volumes from office workers, residents, and tourists, the space is ideally suited for flagship dining, café, fitness, showroom, or experiential retail concepts.
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Key Features
- Total Size: ≈4,837 SF
- Asking Rent: $110,000 / month
- Annualized Rent: ≈$1,320,000
- Effective Rent per SF: ≈$273/SF annually
- Frontage: Wide Park Place exposure with excellent branding and signage opportunities
- Layout: Efficient open-plan configuration adaptable for retail, dining, or service use
- Building: Mixed-use FiDi property with strong co-tenancy and steady traffic
Lease & Terms
- Base Rent: $110,000 / month (~$273/SF/YR)
- Term: Negotiable (long-term flagship preferred)
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; tenant financials required
- Tenant Responsibilities: Utilities, RE taxes, and obligations standard to retail leases
Market Profile
- Location Advantage: Situated between Church Street and West Broadway, steps from the World Trade Center complex and Fulton Center.
- Transit Access: Unmatched connectivity with 1/2/3, A/C/E, 4/5/6, R/W, J/Z, PATH trains, and multiple bus routes.
- Neighborhood Demand: High demand from food & beverage, fitness, and retail operators seeking proximity to FiDi’s office and residential population.
- Competitive Advantage: Rare sub-5,000 SF retail opportunity at the crossroads of FiDi and Tribeca with heavy daily foot traffic.
Summary
The 4,837 SF retail space at 53–57 Park Place, New York, NY 10007 is offered at $110,000/month (~$273/SF annually). With its premier location near the World Trade Center, strong transit access, and adaptable layout, this property is an exceptional opportunity for retailers and operators seeking a flagship FiDi presence.
