73 Spring Street, New York, NY 10012 – SoHo
Asking Rent: $90,000/month
Space: 2,449 sq ft
Property Type: Retail (Ground Floor)
Rent per Sq Ft: $36.75/month ($441.00/sq ft annualized)
Property Overview
This 2,449-square-foot retail space at 73 Spring Street is an ultra-premium flagship opportunity on one of SoHo’s most iconic and high-foot-traffic cobblestone streets. With an asking rent of $90,000 per month, it is positioned for a global luxury brand, blue-chip art gallery, or high-profile experiential concept that requires maximum visibility and presence in the absolute epicenter of global fashion and culture. This rent reflects the pinnacle of retail pricing for a space that serves as both a revenue generator and a global brand billboard.
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Space Highlights
- Prime ground-floor retail space of 2,449 sq ft on the historic Spring Street block between Crosby and Lafayette.
- Ultra-high price per square foot indicative of a destination for extreme luxury, art, or a landmark flagship store.
- Suitable only for a global luxury fashion house, major jewelry brand, blue-chip contemporary art gallery, or high-end design showroom.
- Likely features exceptional architectural character (cast-iron facade, soaring ceilings, vast windows) that is intrinsic to its value.
- Requires a multi-million dollar, architecturally significant build-out befitting a global flagship, with custom everything: lighting, fixtures, security, and climate control.
Location & Neighborhood
- Iconic SoHo location on Spring Street between Crosby and Lafayette Streets, in the heart of the Cast-Iron Historic District.
- On one of the most photographed and sought-after retail blocks in the world, surrounded by top-tier luxury boutiques and galleries.
- Extremely high foot traffic from an international mix of luxury shoppers, art collectors, tourists, and influencers.
- Immediate proximity to major retail anchors and cultural institutions.
- Excellent transit access via the 6, N/Q/R/W, B/D/F/M trains at nearby Prince St, Spring St, and Broadway-Lafayette stations.
- Walkable to NoHo, Nolita, and the West Village.
Summary
Priced at $90,000/month ($36.75/sq ft/month), this retail space at 73 Spring Street is a trophy asset in one of the world’s most valuable retail landscapes. The annualized rent of $441 per square foot is among the highest achievable, justified solely by its irreplaceable location and brand-enhancing power. This is not a space driven by traditional retail economics but by global marketing strategy and brand positioning. Tenants are typically publicly traded luxury conglomerates or established art dealers for whom this location is a critical component of their global identity and a top-performing global store. It represents the absolute peak of the luxury retail market.
