Retail

Commercial Property for Lease – 120 W Third Street, New York, NY 10012

Asking Rent: $10,000 / Month
Size: 400 SF
Price per SF: ~$300 / SF annually
Property Type: Retail / Service / Boutique Office
Status: Available

Property Overview

120 W Third Street offers a 400 SF boutique commercial space in Greenwich Village, one of Manhattan’s most iconic neighborhoods. Compact but highly visible, this street-level property is ideal for boutique retailers, service operators, or specialty food concepts looking to capitalize on steady pedestrian flow and the neighborhood’s vibrant cultural atmosphere.

Key Features

• Total Size: 400 SF
• Asking Rent: $10,000/month ($120,000 annually)
• Price per SF: ~$300 annually
• Use Flexibility: Retail, café/quick-service food, boutique services, or small professional office
• Frontage: Street-level presence on West 3rd Street
• Condition: Lease-ready; adaptable for tenant improvements

Market Profile

• Target Tenants: Coffee shops, specialty food operators, boutique retailers, personal services, or small creative firms
• Neighborhood Demand: Greenwich Village benefits from steady demand from NYU students, professionals, tourists, and long-term residents
• Competitive Advantage: At ~$300/SF, this is a premium small-format space in a neighborhood where compact retail carries high visibility and value

Financial Highlights

• Monthly Rent: $10,000
• Annual Rent: $120,000
• Price per SF: ~$300 annually
• Lease Terms: Direct lease; flexible terms available
• Upside Potential: Branding opportunity in one of NYC’s most foot-trafficked neighborhoods

Location Advantages

• Neighborhood: Greenwich Village
• Proximity: NYU, Washington Square Park, West 4th Street retail corridor, SoHo, and NoHo
• Transit: Steps to A/C/E, B/D/F/M, and 1 trains at West 4th Street–Washington Square
• Foot Traffic: Extremely high from students, residents, nightlife, and tourists

Summary

The 400 SF space at 120 W Third Street provides a boutique Greenwich Village leasing opportunity at $10,000/month (~$300/SF annually). With unbeatable pedestrian exposure and proximity to NYU and Washington Square Park, this property is ideal for small-format retail or service tenants seeking prime downtown visibility.