Retail

2898 Broadway, New York, NY 10025 – Morningside Heights
Asking Rent: $28,000/month
Space: 872 sq ft
Property Type: Retail (Ground Floor)
Rent per Sq Ft: $32.11/month ($385.32/sq ft annualized)

Property Overview

This 872-square-foot retail space at 2898 Broadway is an ultra-premium, high-stakes location directly adjacent to Columbia University on one of Upper Manhattan’s busiest commercial strips. With an asking rent of $28,000 per month, it commands one of the highest per-square-foot rates in the city, reflecting its position as a captive-audience, high-volume location. This space is suitable only for a business with an extremely high-profit, rapid-turnover model, such as a popular bubble tea chain, high-end coffee shop, trendy dessert spot, fast-casual restaurant, or cellular/electronics store that can monetize the relentless foot traffic of students, faculty, and local residents.

Space Highlights

• Compact ground-floor retail box of 872 sq ft with prime Broadway frontage.
• Extremely high price per square foot demands a business with very high sales volume and margin.
• Suitable only for proven, high-volume concepts: national coffee/dessert chain, popular Asian bakery/bubble tea, fast-casual eatery (salad, grain bowls), tech accessory store, or high-end convenience market.
• Requires a highly efficient, durable build-out designed for speed and high customer throughput, with robust POS systems and minimal back-of-house space.
• Success is entirely dependent on converting a massive, daily pedestrian flow into consistent, high-value transactions.

Location & Neighborhood

• Prime Morningside Heights location on Broadway between 112th and 113th Streets, directly at the Columbia University campus gateway.
• Situated in the heart of a dense academic village with a captive audience of over 30,000 students and faculty, plus local residents.
• Exceptionally high, daily foot traffic from students, staff, and visitors, with consistent demand from early morning to late night.
• Surrounded by bookstores, cafes, restaurants, and services catering to the university community.
• Excellent transit access via the 1 train at 110th St-Cathedral Pkwy and multiple north-south bus lines on Broadway and Amsterdam Avenue.
• Walkable to Riverside Park, the Cathedral of St. John the Divine, and Barnard College.

Summary

Priced at $28,000/month ($32.11/sq ft/month), this 872 sq ft retail space at 2898 Broadway is an investment in the most reliable, high-volume foot traffic in New York City. The annualized rent of $385.32 per square foot is among the highest outside of core Manhattan luxury districts and is justified solely by the unparalleled density of a captive, spending audience. This is not a space for an untested concept or low-margin business. It is a location for a proven franchise or operationally excellent brand with a model built for rapid service and high turnover. The tenant must have the financial strength and operational expertise to meet the extraordinary rent through relentless sales volume. It’s a premier slot in a perpetually busy urban academic corridor.