148 Chambers Street, New York, NY 10007 – Tribeca / Financial District Border
Asking Rent: $19,000/month
Space: 1,900 sq ft
Property Type: Retail (Ground Floor)
Rent per Sq Ft: $10.00/month ($120.00/sq ft annualized)
Property Overview
This 1,900-square-foot retail space at 148 Chambers Street is a spacious and strategically priced opportunity on a key downtown corridor at the border of Tribeca and the Financial District. With an asking rent of $19,000 per month, it offers an efficient cost per square foot for a large footprint. This space is ideal for a full-service restaurant, specialty grocery/cafe, boutique fitness studio, or service-oriented retail business seeking to capture foot traffic from both affluent Tribeca residents and the dense daytime population of FiDi office workers.
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Space Highlights
- Spacious ground-floor retail space of 1,900 sq ft with direct frontage on Chambers Street.
- Ample square footage for a full-service restaurant with bar and dining area, specialty market with prepared foods, boutique gym (e.g., cycling, yoga, HIIT), or multi-service business (salon/spa with retail).
- High visibility on a major east-west thoroughfare connecting the West Side Highway to City Hall.
- Will require a significant custom build-out which may include kitchen ventilation, food service plumbing, specialized flooring, or changing room facilities.
- The size allows for a flexible layout with distinct zones for different services or customer experiences.
Location & Neighborhood
- Prime Tribeca / Financial District border location on Chambers Street between West Broadway and Greenwich Street.
- Situated in a vibrant, mixed-use area steps from Tribeca’s historic residential lofts and the courthouses and office towers of the Civic Center.
- Serves a dual customer base: affluent local residents and a massive daily influx of legal professionals, government workers, and office employees.
- Strong, reliable foot traffic throughout the day and into the evening.
- Excellent transit access via the 1/2/3, A/C, J/Z, R/W trains at Chambers St and the A/C, E trains at nearby World Trade Center.
- Walkable to the Hudson River Park, City Hall, and the South Street Seaport.
Summary
Priced at $19,000/month ($10.00/sq ft/month), this 1,900 sq ft retail space at 148 Chambers Street presents strong value for its size in a high-demand downtown location. The annualized rent of $120 per square foot is efficient and allows for a competitive business model. This opportunity is ideal for an established operator with a concept designed to serve both the daytime office crowd (lunch, quick services) and the evening/weekend residential community (dining, leisure). Success depends on leveraging the dual demographics of the location, offering quality and convenience that builds loyalty across both customer segments. It’s a strategic play for a business aiming for high volume and steady demand.
