491 Broadway, New York, NY 10012 – SoHo
Asking Rent: $80,000/month
Space: 3,232 sq ft
Property Type: Retail (Ground Floor)
Rent per Sq Ft: $24.75/month ($297.00/sq ft annualized)
Property Overview
This 3,232-square-foot retail space at 491 Broadway is a premier, large-format flagship opportunity at the gateway to SoHo’s most trafficked corridor. With an asking rent of $80,000 per month, it is positioned for a global luxury brand, major retailer, or immersive experiential concept seeking maximum exposure and volume on Broadway’s wide, high-traffic expanse. This space is designed for a tenant with substantial marketing power and revenue targets, capable of leveraging unparalleled pedestrian flow into high-volume sales or brand engagement.
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Space Highlights
- Large-format flagship retail space of 3,232 sq ft with expansive Broadway frontage, likely featuring a double-height ceiling or mezzanine potential.
- Ideal for a global fashion brand, tech flagship store (e.g., Apple, Samsung), major jewelry retailer, or large-scale experiential pop-up/ gallery.
- Features likely include a grand, column-free space, soaring ceilings, massive storefront windows, and the infrastructure for high-end visual merchandising and digital installations.
- Requires a multi-million dollar, architecturally significant build-out to create a destination store that draws crowds and defines the brand’s global image.
- The size allows for extensive product display, interactive zones, event space, and robust back-of-house operations.
Location & Neighborhood
- Iconic SoHo gateway location on Broadway between Broome and Spring Streets, one of the highest pedestrian traffic intersections in New York City.
- Directly at the southern entrance to SoHo’s prime shopping district, anchoring a block lined with international flagships (Uniqlo, Nike, Levi’s, Bloomingdale’s).
- Extremely high foot traffic from a dense mix of tourists, local shoppers, students, and commuters, providing unmatched volume exposure.
- Surrounded by major retail, dining, and directly adjacent to The Solow Building’s prestigious office and retail presence.
- Unrivaled transit access via the N/Q/R/W, 6, J/Z trains at Canal St and the A/C/E, N/Q/R/W, 1 trains at Canal St.
- Walkable to Tribeca, NoHo, Little Italy, and Chinatown.
Summary
Priced at $80,000/month ($24.75/sq ft/month), this 3,232 sq ft flagship space at 491 Broadway is a strategic investment in global brand visibility and retail volume. The annualized rent of $297 per square foot is justified by its position on one of the world’s busiest retail thoroughfares. This is not merely a store; it is a high-profile marketing vehicle and revenue generator for a brand with the capital and ambition to operate at the highest level. Tenants are typically publicly traded companies or luxury conglomerates for whom this location serves as a critical brand touchstone and top-performing retail asset. It represents the pinnacle of high-volume, high-profile retail in a global city.
