Commercial Retail Space for Lease – 21 Astor Place, New York, NY 10003
Asking Rent: $83,000 / Month
Size: 4,103 SF
Price per SF: ~$243 / SF annually
Property Type: Retail / Restaurant / Flagship / Showroom
Status: Active
Property Overview
21 Astor Place offers approximately 4,103 SF of prime ground-floor retail space in the heart of NoHo / East Village, directly adjacent to one of Manhattan’s busiest transit and pedestrian hubs. Located at the iconic Astor Place intersection, the property benefits from exceptional visibility, constant foot traffic, and proximity to NYU, major office towers, and destination retail, making it ideal for flagship retail or high-volume food-and-beverage concepts.
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Key Features
- Total Size: 4,103 SF
- Asking Rent: $83,000/month ($996,000 annually)
- Price per SF: ~$243 annually
- Use Flexibility: Suitable for restaurant, café, flagship retail, experiential concepts, or showroom users
- Frontage: Prominent street-level exposure with strong Astor Place visibility
- Condition: Delivered ready for tenant build-out or high-end customization
Market Profile
- Target Tenants: Flagship retailers, national brands, high-volume restaurants, experiential concepts, and showroom operators
- Neighborhood Demand: Astor Place and NoHo remain among Manhattan’s strongest retail submarkets due to NYU, heavy commuter traffic, and dense residential population
- Competitive Advantage: Irreplaceable corner-style positioning near major subway entrances with nonstop pedestrian flow
Location Advantages
- Neighborhood: NoHo / East Village
- Proximity: NYU, Cooper Union, Union Square, Broadway retail corridor, and SoHo
- Transit: Served by 4, 5, 6, N, Q, R, W, L, and multiple bus lines
- Foot Traffic: Heavy mix of students, commuters, shoppers, and tourists throughout the day and evening
Summary
The 4,103 SF retail space at 21 Astor Place presents a premier leasing opportunity at $83,000/month (~$243/SF annually) in one of Manhattan’s most visible and heavily trafficked retail nodes. With exceptional exposure, strong branding potential, and flexible use, this property is ideally suited for retail or restaurant operators seeking a dominant presence in Lower Manhattan.
