For Lease – 10 Hanover Square, New York, NY 10005
Asking Rent: $30,000 / Month
Size: 982 SF
Property Type: Retail
Location: Financial District (FiDi) / Downtown Manhattan (10005)
Property Overview
10 Hanover Square offers a 982 SF retail storefront in the center of the Financial District, one of Manhattan’s busiest commercial and residential neighborhoods. Located at the base of a luxury residential building, the space benefits from constant pedestrian traffic from residents, office workers, and tourists. Its compact size and strong visibility make it ideal for quick-service dining, café, boutique retail, wellness, or service-based operators.
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Key Features
- Total Size: ≈982 SF
- Asking Rent: $30,000 / month
- Annualized Rent: ≈$360,000
- Effective Rent per SF: ≈$366/SF annually
- Frontage: Prime Hanover Square exposure with excellent branding potential
- Configuration: Efficient floorplan, adaptable for F&B, boutique retail, or wellness/service use
- Building: Mixed-use property with a large luxury residential base above and proximity to major office towers
Lease & Terms
- Base Rent: $30,000 / month (~$366/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 obligations
Market Profile
Location Advantage: Situated in the Financial District, near Wall Street, Stone Street dining corridor, and South Street Seaport.
Transit Access: Close to Wall Street (2/3, 4/5), Broad Street (J/Z), Bowling Green (4/5), and multiple ferry/bus routes.
Neighborhood Demand: Strong from grab-and-go food, wellness, and service retailers catering to FiDi’s dense residential and office population.
Competitive Advantage: Rare sub-1,000 SF FiDi storefront positioned at the base of a luxury building with built-in foot traffic.
Summary
The 982 SF retail space at 10 Hanover Square, New York, NY 10005 is offered at $30,000/month (~$366/SF annually). With its FiDi location, luxury residential base, and constant pedestrian flow, this space is a standout opportunity for boutique tenants seeking a compact but high-impact downtown presence.
