Financial

• Monthly rent: $25,000
• Annual rent: $300,000
• Rent per SF/month: approximately $47.44
• Rent per SF/year: approximately $569.26
• Approximate monthly cost per 1,000 SF: $47,438
• Lease length: To be confirmed / negotiable
• Additional charges: To be confirmed

The location is the primary strength. Mott Street in Nolita is one of downtown Manhattan’s strongest boutique retail corridors, with a dense concentration of fashion, beauty, cafés, restaurants, specialty concepts, and destination shopping. The neighborhood attracts a mix of local residents, tourists, and downtown shoppers, which can support businesses with strong branding and high sales productivity per square foot.

The 527-SF footprint is very compact, so the space is best suited to concepts that can operate efficiently with a small selling area. Potential uses could include fashion, jewelry, beauty, specialty retail, accessories, premium food concepts, showroom, or other high-margin businesses that do not require a large back-of-house component.

At $25,000 per month, the economics are aggressive. A tenant would be paying roughly $47.44 per square foot every month, so the business needs to generate very strong revenue from a relatively small footprint.

Because the space is only 527 SF, the actual configuration becomes especially important. A narrow layout, excessive storage area, large mechanical zones, or poor storefront exposure could materially reduce the amount of productive selling space and make the effective rent even higher.

I would confirm ground-floor SF, any basement or storage inclusion, storefront frontage, ceiling height, window width, signage rights, HVAC, electrical capacity, bathroom, ADA accessibility, delivery condition, and any real-estate-tax or CAM charges.

For food and beverage use, I would also verify venting, gas, grease traps, plumbing, kitchen infrastructure, permitted use, occupancy limits, and liquor-license feasibility.

I would clarify whether the $25,000/month is gross or modified gross, and whether the tenant is responsible for real-estate-tax increases, CAM, insurance, utilities, garbage removal, or other operating expenses. On a space this small, even modest additional charges can materially increase the effective occupancy cost.

Overall, 242 Mott Street is a premium-location, very high-rent Nolita retail opportunity. Its strongest attributes are the Mott Street address, destination foot traffic, boutique character, and small-format footprint, but the economics are demanding.

At approximately $569/SF/year, the space only makes sense if it has excellent frontage, strong visibility, a highly efficient layout, and a concept capable of generating very high sales per square foot. For the right premium retail or brand-driven tenant, the location may justify the cost, but from a pure rent-per-square-foot perspective, this is an expensive opportunity.