Retail

105 Norfolk Street, New York, NY 10002 — Lower East Side Retail

Asking Rent: $25,000/month
Size: 2,650 SF
Property Type: Retail
Neighborhood: Lower East Side (LES)

Location Overview

Norfolk Street sits in the heart of the Lower East Side:

✔ Dense young professional demographic
✔ Strong nightlife + restaurant traffic
✔ Boutique retail corridor
✔ Near Delancey/Essex transit hub
✔ Close to Williamsburg Bridge foot traffic

This area performs well for experiential and lifestyle-driven retail.

Ideal Tenant Profiles

2,650 SF works well for:

✔ Full-service restaurant (if venting allowed)
✔ Cocktail lounge / bar
✔ Boutique fitness studio
✔ Art / gallery / showroom
✔ Specialty grocery
✔ Fashion or lifestyle brand

At this rent level, the occupancy ratio is manageable for established operators.

Strategic Assessment

Compared to:

• 750 8th Ave ($320/SF) → high-volume tourism
• 507 W 24th ($123/SF) → gallery / luxury corridor
• Harlem 116th St ($179/SF) → neighborhood prime

105 Norfolk at ~$113/SF is:

✔ A downtown value play
✔ Strong demographic base
✔ More forgiving rent structure
✔ High upside if concept is right

This is a balanced LES opportunity — not ultra-prime pricing, but strong location fundamentals.