Commercial Retail Space for Lease – 27 Eldridge Street, New York, NY 10002
Asking Rent: $15,000 / Month
Size: 1,500 SF
Price per SF: ~$120 / SF annually
Property Type: Retail / Restaurant / Showroom / Specialty Use
Status: Active
Property Overview
27 Eldridge Street offers approximately 1,500 SF of ground-floor retail space in the heart of the Lower East Side / Chinatown corridor, an area known for its dense residential population, strong tourism activity, and growing mix of restaurants and boutique retailers. The space benefits from steady pedestrian traffic and neighborhood visibility, making it well suited for retail or food-oriented concepts.
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Key Features
- Total Size: 1,500 SF
- Asking Rent: $15,000/month ($180,000 annually)
- Price per SF: ~$120 annually
- Use Flexibility: Ideal for restaurant, café, boutique retail, specialty food, wellness retail, or showroom concepts
- Frontage: Street-level presence with neighborhood exposure
- Condition: Delivered ready for tenant build-out or light customization
Market Profile
- Target Tenants: Restaurants, cafés, specialty food operators, boutique retailers, wellness or beauty brands, and service-oriented businesses
- Neighborhood Demand: Lower East Side and Chinatown remain high-activity retail corridors driven by tourism, nightlife, and dense residential population
- Competitive Advantage: At approximately $120/SF, this space offers strong value compared to nearby prime LES and SoHo retail locations
Location Advantages
- Neighborhood: Lower East Side / Chinatown
- Proximity: Grand Street, Canal Street, Essex Street Market, and SoHo
- Transit: Served by J, Z, F, M, B, D, and 6 subway lines nearby
- Foot Traffic: Heavy mix of residents, workers, and tourists throughout the day
Summary
The 1,500 SF retail space at 27 Eldridge Street provides an attractive leasing opportunity at $15,000/month (~$120/SF annually) in a vibrant Lower East Side / Chinatown corridor. With strong foot traffic, flexible usage potential, and competitive pricing, this property is ideal for retail or food and beverage operators seeking a visible Manhattan location
