At the stated asking rent, the 1,000 SF space equates to approximately $6.10/SF per month, or $73.20/SF annually.
Key Features
- Asking Rent: $6,100/month
- Annual Base Rent: $73,200
- Available Space: Approximately 1,000 SF
- Property Type: Retail
- Location: Lower East Side / Broome Street
- Building Type: Mixed-use residential and commercial building
- Building: Approximately five stories, built circa 1900
- Positioning: Downtown retail space near the Lower East Side, Chinatown, Nolita and SoHo
- Transit: B/D at Grand Street and J/Z at Bowery are both within approximately 500 feet; additional subway service is available at Spring Street and Delancey/Essex Street.
- Zoning: Public property information identifies the site as C6-3A, a commercial zoning district permitting a broad range of commercial uses, subject to specific use and occupancy requirements.
Financial
At $6,100 per month, annual base rent would total approximately $73,200.
Based on 1,000 SF, the asking rent equates to approximately $73.20/SF annually. Over a five-year lease with no rent increases, the nominal base-rent commitment would be approximately $366,000.
The actual occupancy cost will depend on the lease structure. A prospective tenant should confirm whether the $6,100 represents gross rent or whether additional expenses such as real estate tax increases, CAM or operating expenses, utilities, insurance, trash collection and other pass-throughs are charged separately.
For a retail tenant, it would also be important to establish the permitted use, frontage, ceiling height, HVAC configuration, electrical capacity, bathroom facilities, signage rights, delivery access and whether food or beverage uses are permitted.
Location Highlights
325 Broome Street occupies a downtown location in the Lower East Side, close to Chinatown, Nolita and SoHo. This places the space within a dense mixture of residential, restaurant, nightlife, gallery and independent retail activity.
The location benefits from excellent public transportation. The B/D trains at Grand Street and J/Z trains at Bowery are within approximately 500 feet, while the 6 train at Spring Street and F/J/M/Z service at Delancey Street–Essex Street are also nearby.
The immediate area has demonstrated suitability for creative and customer-facing commercial uses. For example, Collective Z operates an art space at 325 Broome Street and describes the address as sitting at the meeting point of SoHo, Chinatown and the Lower East Side.
For a retail operator, the principal location advantages are downtown accessibility, neighborhood density, proximity to several distinct shopping and dining districts, and strong subway connectivity.
Summary
The approximately 1,000 SF retail space at 325 Broome Street is offered for $6,100 per month, equivalent to approximately $73,200 annually or $73.20/SF per year.
The property’s principal appeal is its Lower East Side location near Chinatown, Nolita and SoHo, combined with convenient subway access and a relatively manageable 1,000-square-foot footprint.