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Historic SoHo Office/Retail with Skylight 54 Crosby St 8,000 SF of Retail Space Available in New York, NY 10012
Highlights
- 54 Crosby Street offers an 8,000 SF full-building lease across five levels and two lower-levels in prime SoHo, built by Arturo Di Modica.
- Features a 30-foot skylight, 9’8” up to 32’ ceilings, herringbone floors, arched brick lower level, plus private terrace and rooftop deck.
- One block from Broadway with multiple subway lines, steps to Zara, Bloomingdale’s, Allbirds, Timberland, MoMA Design Store, and Saint Laurent.
- Former studio of Di Modica, where the Charging Bull was created before its installation at the New York Stock Exchange.
- Space is available on a 10 to 15 year triple-net lease, divisible for pop-ups, with no landlord termination right and potential for $1M in concession.
- Serves 2.5 million residents within five miles and $37 million annual spending in SoHo, near Tribeca and Chinatown’s retail corridors.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| Ground, Ste Entire Building | 8,000 SF | 9’8” - 32’ | 10-15 Years | $50.00 /SF/YR $4.17 /SF/MO $400,000 /YR $33,333 /MO | Triple Net (NNN) |
Ground, Ste Entire Building
Lease 8,000 square feet across five levels and two lower-levels with a 30-foot skylight that fills the center of the space with daylight while large windows open to the surrounding cast iron streetscape. The upper floors feature open layouts with herringbone floors and lounge areas suited for gallery use or creative office needs. The lower level maintains a black-box atmosphere, with arched brick ceilings and exposed stone that create a striking setting for exhibition or production. Two private outdoor areas complete the property. A rear terrace offers a quiet retreat, and a rooftop deck reveals open skyline views. Available on a 10 to 15-year NNN lease directly from the owner. It is divisible for pop-ups but not for long-term leases. Pop-ups are welcome, and there is no landlord's right to cancel. All reasonable offers will be considered, and a few hundred thousand dollars in concessions may be available.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air and Heating
- Private Restrooms
- High Ceilings
- Secure Storage
- Recessed Lighting
- Finished Ceilings: 9’8” - 32’
- Basement
- Hardwood Floors
- Historic property, home to Wall Street Bull artist
- Two expansive floors below grade, three above
- Large windows and plenty of natural light
- Multiple outdoor terraces
- Flexible lease terms from 10 to 15 years
- Up to $1M in concessions available
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Matterport 3D Tour
Property Facts
| Total Space Available | 8,000 SF | Gross Leasable Area | 8,537 SF |
| Property Type | Retail | Year Built/Renovated | 1900/1999 |
| Property Subtype | Storefront |
| Total Space Available | 8,000 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 8,537 SF |
| Year Built/Renovated | 1900/1999 |
About the Property
54 Crosby Street presents the opportunity to lease a full-building opportunity spanning approximately 8,000 square feet across five levels in the heart of SoHo. Built in the late 1970s by renowned sculptor Arturo Di Modica, the property served as both his home and studio, where he created the iconic Charging Bull installed at the New York Stock Exchange in 1989. Constructed with salvaged timber, reclaimed brick, and poured concrete, the building embodies craftsmanship and creative ambition. A dramatic 30-foot skylight anchors the interior with natural light, while ceiling heights range from 9 feet 8 inches to 32 feet. Herringbone floors, expansive windows overlooking cobblestone streets, and open lounge-style layouts support gallery, retail, office, or experiential concepts. The lower level’s arched brick ceilings and exposed stone create a striking black-box environment for exhibitions or production. Two private outdoor spaces, a tranquil rear terrace, and a rooftop deck with skyline views enhance functionality. 54 Crosby Street is offered on a 10 to 15-year NNN lease directly from ownership, divisible for pop-ups (not a long-term sublease), with no landlord termination right, flexible consideration of offers, and the possibility of significant concessions. Positioned within one block of Broadway in SoHo’s historic cast-iron district, the property benefits from immediate access to multiple subway lines and seamless connectivity. The location places operations within walking distance of Tribeca and Chinatown, and steps from premier retail corridors featuring Zara, Bloomingdale's, Allbirds, Timberland, MoMA Design Store, Daniel Wellington, Pandora, Marciano, and Saint Laurent. The surrounding trade area draws from a dense population of approximately 2.5 million residents within a five-mile radius, generating roughly $37 million in annual consumer spending and nearly 60% holding a bachelor’s degree or higher, offering access to an affluent, educated demographic. SoHo remains one of Manhattan’s most established mixed-use markets, defined by architectural character, global retail presence, and a constant flow of residents, tourists, and professionals. 54 Crosby Street offers more than square footage; it delivers architectural drama and operational flexibility in a supply-constrained submarket. The space is ideal for gallery operators, creative firms, retailers, and experiential concepts.
- Bus Line
- Metro/Subway
Demographics
Demographics
About SoHo
SoHo’s cobblestone streets are home to some of the country’s most desirable retail. National brands are clustered on Broadway, where large floor plates allow for huge multi-floor flagships, while smaller, luxury and boutique retailers are prevalent on side streets. SoHo is often the location of new-to-market brands from outside of New York, as well as international retailers opening their first store in the country. Clicks-to-bricks retailers also often target the neighborhood for their first retail location. Everlane, Glossier, and Allbirds are among e-tailers that first ventured into brick-and-mortar shopping in SoHo.
The neighborhood is centrally located in downtown Manhattan and is intersected by multiple subway lines. Consumers in SoHo include well-educated and high-earning residents, office tenants in the TAMI and creative industries nearby, and tourists.
Favorable demographics and sought-after retail neighbors make rents here some of the most competitive in the metro. Brands are willing to pay top dollar for retail space here, making SoHo consistently outperform other retail locations.
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Osteria Morini | American | $$$$ | 3 min walk |
| Soho Thai | Thai | $$ | 4 min walk |
| La Esquina | Mexican | $$$$ | 4 min walk |
| Gelso & Grand | American | $$$$ | 5 min walk |
| Sant Ambroeus | American | $$$$$ | 4 min walk |
| La Pecora Bianca | Italian | $$$ | 4 min walk |
| Sugarfish | American | $$$$ | 8 min walk |
| Felix | French | $$ | 8 min walk |
| TBar Soho | American | $$$ | 8 min walk |
| Il Mulino Prime | Italian | $$$$$ | 8 min walk |
Retail |
||
|---|---|---|
| Orangetheory Fitness | Fitness | 1 min walk |
| FedEx Office | Business/Copy/Postal Services | 2 min walk |
| Lululemon | Unisex Apparel | 2 min walk |
| Armani Exchange | Unisex Apparel | 2 min walk |
| Calvin Klein | Unisex Apparel | 2 min walk |
| Lacoste | Unisex Apparel | 4 min walk |
| Diesel | Unisex Apparel | 4 min walk |
| Hugo Boss | Unisex Apparel | 4 min walk |
| Zara | Unisex Apparel | 3 min walk |
| Theory | Unisex Apparel | 4 min walk |
Hotels |
|
|---|---|
| MOXY |
303 rooms
2 min drive
|
| The Unbound Collection |
97 rooms
3 min drive
|
| Four Points by Sheraton |
150 rooms
3 min drive
|
| citizenM |
300 rooms
3 min drive
|
| Kasa |
20 rooms
4 min drive
|
| Sheraton Hotel |
369 rooms
3 min drive
|
| Sonder by Marriott Bonvoy |
98 rooms
4 min drive
|
| Hyatt |
178 rooms
4 min drive
|
| Marriott |
515 rooms
7 min drive
|
| Ritz-Carlton |
260 rooms
9 min drive
|
Leasing Agent
Leasing Agent
John Pasquale, Chairman
He is licensed as a New York, Florida, Connecticut and New Jersey real estate broker. He is also a property and casualty insurance broker in New York and Connecticut. He has a Certificate in Real Estate from New York University. He is currently on the steering committee of both the SoHo and Chinatown Improvement efforts.
About the Owner
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Historic SoHo Office/Retail with Skylight | 54 Crosby St
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