429 Broome Street — SoHo / Hudson Square, Manhattan
Rent: $50,000 / month
Address: 429 Broome Street, New York, NY 10013
Size: 7,000 sq ft
Property Type: Retail
Property Overview
This is a large-format 7,000 SF retail space on/near the Broome Street corridor, positioned for a flagship retail, showroom, or high-volume destination concept. At this size, layout and frontage matter a lot—confirm how much is ground floor vs. lower level, and whether there are columns, ceiling height, and rear loading.
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Best-Fit Uses (7,000 SF)
- Flagship apparel / footwear / lifestyle brand
- Luxury or contemporary showroom (furniture, lighting, design)
- Fitness / wellness studio with retail component (if permitted)
- Beauty superstore / med-spa concept (use/building permitting)
- Gallery / experiential retail
Quick Economics Snapshot
- Annual rent: $50,000 × 12 = $600,000/year
- Annual rent per SF: $600,000 ÷ 7,000 = ~$85.71/SF/year
- Monthly rent per SF: $50,000 ÷ 7,000 = ~$7.14/SF/month
Key Notes to Confirm
For a 7,000 SF retail deal, these points are critical:
- Breakdown of square footage (ground floor vs. lower level)
- Frontage and ceiling height
- Venting (if any food/beverage use is planned)
- Electrical/HVAC capacity
- Landlord work / tenant improvement contribution (if any)
- Delivery condition (white box vs. raw)
- Use restrictions and required approvals
Summary
429 Broome Street offers 7,000 SF retail at $50K/month, pricing around ~$85.71/SF/year—a strong fit for a flagship/showroom or other destination retail that can leverage high visibility and scale.
