For Lease – 19 Park Place, New York, NY 10007
Asking Rent: $50,000 / month
Size: 1,273 SF
Property Type: Retail
Location: Financial District / Tribeca Border (10007)
Property Overview
19 Park Place offers a 1,273 SF ground-floor retail storefront ideally positioned between Church Street and Broadway, at the intersection of the Financial District and Tribeca. The property benefits from steady daily pedestrian traffic from office workers, residents, and visitors, with excellent visibility near the World Trade Center and City Hall.
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The space is highly adaptable for food & beverage, boutique retail, gallery, or service-based operators seeking a branded downtown presence.
Key Features
- Total Size: ≈1,273 SF
- Asking Rent: $50,000 / month
- Annualized Rent: ≈$600,000
- Effective Rent per SF: ≈$471/SF annually
- Frontage: Wide Park Place exposure with excellent signage opportunities
- Configuration: Efficient rectangular layout adaptable for multiple retail uses
- Building: Mixed-use property in a high-density office and residential district
Lease & Terms
- Base Rent: $50,000 / month (~$471/SF/YR)
- Term: Negotiable (long-term preferred)
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; tenant financials required
- Tenant Responsibilities: Utilities, real estate taxes, and obligations standard to retail leases
Market Profile
- Location Advantage: Positioned in Lower Manhattan near the World Trade Center, Fulton Center, and City Hall.
- Transit Access: Excellent access to the 1/2/3, 4/5/6, R/W, J/Z, A/C/E, PATH, and multiple bus routes.
- Neighborhood Demand: Consistently strong from boutique F&B, wellness/fitness operators, and specialty retailers.
- Competitive Advantage: Rare sub-1,300 SF retail storefront in FiDi/Tribeca with strong branding potential.
Summary
The 1,273 SF retail space at 19 Park Place, New York, NY 10007 is offered at $50,000/month (~$471/SF annually). With its prime downtown location, adaptable layout, and steady foot traffic, this space represents a strong opportunity for retail and food operators seeking presence in FiDi/Tribeca.
