Lower East Side

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  • 455 Grand St New York City New York 10002 United States
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1REC's Take
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Occupancy
Rents
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1REC's Take
Pros

✔ Rich history ✔ Thriving nightlife ✔ Trendy shops and galleries

Cons

✘ Gentrification issues ✘ Expensive housing ✘ Noise pollution

Shopper Profile

✦ Trendy Crowd: Young professionals and creatives ✦ Diverse Residents: Long-term locals and newcomers ✦ Preferences: Nightlife, street art, unique boutiques

Successful Retail Uses:
Nightlife, Street Art Galleries, Unique Boutiques
About Location
A melting pot of cultures, the Lower East Side (LES) thrives with its gritty yet artsy vibe. It draws a young, vibrant crowd eager to explore its indie galleries, dive bars, and eclectic boutiques. While rents have been on the rise due to its increasing appeal, there’s still a mix of old-school local landlords and emerging corporate ones.
Household Income in Trade Area: $90,000
Retail Sales in Trade Area: $1.2 billion
Population in Trade Area: 200,000
Occupancy
Tenant Sales per Square Foot: $800
Occupancy Rate: 95%
Anchor Tenants: Essex Market, Target
Tenant Rent/Sales Ratio (%): 25% – 50%
Rent $ / Visitor (relative cost of the foot traffic): $42.86 – $85.71
Other Notes: Data sourced from public and private records.
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Destination Rents
Average Rent (psf): $143
Median Rent (psf): $112
Rent Range (psf): $112-$184
Rent Variability: High
Other Notes: Data provided by Retail by MONA, a New York based brokerage firm.
Know Before You Go
Preferred ISP(s)
Spectrum, Verizon, RCN
Estimated Permit Timeline (weeks)
6-8
Landmarks Risk
Medium
Union Labor Disharmony Likelihood
High
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Primary Landlord: NYC
Retail Type: Streets & Neighborhoods
Address: 455 Grand St
New York City
New York
10002
United States
MSA: New York-Newark-Jersey City NY-NJ-PA
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