For Lease – 118 Prince Street, New York, NY 10012
Asking Rent: $90,000 / month
Size: 1,200 SF
Property Type: Retail
Location: SoHo (10012)
Property Overview
118 Prince Street presents a 1,200 SF boutique retail storefront in the heart of SoHo, one of Manhattan’s premier luxury shopping destinations. Positioned on one of the neighborhood’s most recognizable retail corridors, this space benefits from constant foot traffic, strong co-tenancy, and high visibility — ideal for flagship fashion, jewelry, gallery, or lifestyle brands seeking a SoHo presence.
Read More
Key Features
- Total Size: ≈1,200 SF
- Asking Rent: $90,000 / month
- Annualized Rent: ≈$1,080,000
- Effective Rent per SF: ≈$900/SF annually
- Frontage: Prime Prince Street exposure with strong branding/signage opportunity
- Configuration: Efficient layout for boutique retail or gallery presentation
- Building: Classic SoHo mixed-use loft building surrounded by luxury and high-street retail tenants
Lease & Terms
- Base Rent: $90,000 / month (~$900/SF/YR)
- Term: Negotiable (flagship tenancy preferred)
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; tenant financials required
- Tenant Responsibilities: Utilities, RE taxes, and obligations standard for SoHo retail leases
Market Profile
- Location Advantage: Prime Prince Street corridor, at the center of SoHo’s luxury shopping and dining district.
- Transit Access: Easy access to the N/R/W, 6, C/E, and Prince Street (R/W) subway stations.
- Neighborhood Demand: SoHo remains Manhattan’s strongest market for luxury, boutique, and experiential retail operators.
- Competitive Advantage: Rare 1,200 SF boutique storefront in SoHo with exceptional exposure and steady pedestrian flow.
Summary
The 1,200 SF retail space at 118 Prince Street, New York, NY 10012 is offered at $90,000/month (~$900/SF annually). With its premier SoHo address, boutique scale, and strong neighborhood demand, this property is a prime flagship opportunity for luxury and lifestyle brands seeking a downtown Manhattan presence.
