115-123 West Broadway, New York, NY 10013 – Tribeca
Asking Rent: $17,000/month
Space: 1,300 sq ft
Property Type: Retail (Ground Floor)
Rent per Sq Ft: $13.08/month ($156.92/sq ft annualized)
Property Overview
This 1,300-square-foot retail space at 115-123 West Broadway is a prime, well-priced boutique opportunity on one of Tribeca’s main thoroughfares. With an asking rent of $17,000 per month, it is positioned for a high-quality restaurant, cafe, boutique fitness studio, or curated retail shop seeking visibility in one of Manhattan’s most affluent and prestigious neighborhoods. The space offers a balance of significant square footage and a competitive rental rate for the area, ideal for a concept that serves both the local residential community and downtown visitors.
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Space Highlights
- Spacious ground-floor retail space of 1,300 sq ft with direct frontage on West Broadway.
- Ample square footage for a full-service restaurant with kitchen and dining, specialty cafe with seating, boutique fitness studio (yoga, pilates, barre), or design-focused home goods/clothing store.
- Likely features high ceilings, large windows, and quality finishes consistent with Tribeca’s loft-building aesthetic.
- Will require a comprehensive, high-quality build-out to create an environment that matches the neighborhood’s sophisticated standards (e.g., custom kitchen, specialized flooring, bespoke lighting).
- The size allows for a comfortable layout with distinct zones for service, customer experience, and back-of-house operations.
Location & Neighborhood
- Prime Tribeca location on West Broadway between Duane and Reade Streets.
- Situated on a wide, bustling avenue in the heart of one of New York’s most sought-after residential districts, known for its converted lofts and celebrity residents.
- Surrounded by luxury residential buildings, acclaimed restaurants, boutique fitness studios, and high-end service providers.
- Strong foot traffic from affluent local residents, office workers from nearby financial and government districts, and tourists exploring the historic neighborhood.
- Excellent transit access via the 1/2/3, A/C, 4/5, J/Z, R/W trains at nearby Chambers St, Park Place, and Fulton St stations.
- Walkable to the Financial District, SoHo, and City Hall.
Summary
Priced at $17,000/month ($13.08/sq ft/month), this 1,300 sq ft retail space at 115-123 West Broadway offers excellent value for a substantial footprint in prestigious Tribeca. The annualized rent of $156.92 per square foot is competitive for the neighborhood and provides access to a high-spend, loyal customer base. This opportunity is ideal for an established operator or ambitious new concept with a clear vision for quality and service. Success requires a business model that can attract the neighborhood’s discerning residents while also appealing to downtown workers and visitors, offering an experience or product that justifies its place in this exclusive enclave. It’s a strategic location for building a respected, destination business.
