Financial
- Monthly rent: $30,000
- Annual rent: $360,000
- Rent per SF/month: $15.00
- Rent per SF/year: $180.00
- Approximate monthly cost per 1,000 SF: $15,000
- Lease length: To be confirmed / negotiable
The location is a major strength. Stanton Street is in the Lower East Side, an area with strong restaurant, nightlife, boutique retail, residential, and destination traffic. The neighborhood can work particularly well for food and beverage, fashion, fitness/wellness, experiential retail, and other concepts that benefit from downtown foot traffic.
Compared with 168 Suffolk Street, this space is only slightly more expensive on a normalized basis: $180/SF/year versus approximately $174.55/SF/year. However, Stanton Street provides 2,000 SF versus 550 SF, making it a much more substantial operation with a significantly higher total monthly commitment.
Compared with 232 Mott Street, Stanton is cheaper per square foot at $180/SF/year versus $200/SF/year, while offering more than twice the space. The tradeoff is that the monthly rent doubles from $15,000 to $30,000.
Compared with 273 Mott Street, the economics are considerably better on a normalized basis: $180/SF/year versus approximately $246.58/SF/year. Stanton Street is therefore about 27% cheaper per square foot.
The 2,000-SF footprint is large enough for a substantial restaurant, boutique, showroom, fitness/wellness concept, specialty retailer, or service business. At this size, the floor configuration becomes especially important because any basement or non-selling area can materially affect the true effective rent.
I would confirm ground-floor SF, basement inclusion, storefront frontage, ceiling height, HVAC, electrical capacity, bathrooms, signage rights, delivery condition, and any additional real-estate-tax or CAM charges.
For food and beverage use, I would also verify venting, gas, grease traps, liquor-license feasibility, occupancy limits, kitchen infrastructure, and permitted use.
Overall, 152 Stanton Street looks reasonably competitive for a 2,000-SF Lower East Side retail space. At $180/SF/year, it is cheaper than the Mott Street options and materially cheaper than the premium Midtown storefronts you have reviewed. If most of the 2,000 SF is productive ground-floor retail with strong frontage, this could be a solid downtown option.
