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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
- Historic property, once home to Wall Street bull artist Arturo di Modica
- Large windows connect space to vibrant SoHo streets
- Flexible lease terms from 10 to 15 years, direct by owner
- Two expansive floors below grade, three above
- Multiple outdoor terraces for collaboration & relaxation
- Up to $1M in concessions available
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 | $71.84 CAD/SF/YR $5.99 CAD/SF/MO $574,686 CAD/YR $47,890 CAD/MO | Triple Net (NNN) |
Ground, Ste Entire Building
54 Crosby Street stands on one of SoHo’s original cobblestone blocks and spans about 8,000 square feet across five levels. In the late 1970s, sculptor Arturo Di Modica purchased the lot, tore down the small structure that stood there, and built the property himself using salvaged timber, reclaimed brick, and poured concrete. The result became both his home and studio, constructed with the same precision and strength that defined his art. Inside this building, he created and assembled the Charging Bull before placing it at the New York Stock Exchange in 1989. The structure remains a reflection of his craftsmanship and the creative force that helped shape SoHo’s identity. A 30 foot skylight 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 retains 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. The full property is available on a ten 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 right to cancel. All reasonable offers will be considered and a few hundred thousand offered as concession 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 stands on one of SoHo’s original cobblestone blocks and spans about 8,000 square feet across five levels. In the late 1970s, sculptor Arturo Di Modica purchased the lot, tore down the small structure that stood there, and built the property himself using salvaged timber, reclaimed brick, and poured concrete. The result became both his home and studio, constructed with the same precision and strength that defined his art. Inside this building, he created and assembled the Charging Bull before placing it at the New York Stock Exchange in 1989. The structure remains a reflection of his craftsmanship and the creative force that helped shape SoHo’s identity. A 30 foot skylight 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 retains 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. The full property is available on a ten 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 right to cancel. All reasonable offers will be considered and a few hundred thousand offered as concession may be available.
- 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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