Retail

Flagship Retail Space at University Place – 1-3 University Place, Greenwich Village / NYU

Address: 1-3 University Place, New York, NY, 10003
Price: $60,000/month
Square Feet: 5,150 SF
Type: Retail Space

Property Overview:

Located at the iconic intersection of University Place and East 8th Street — in the heart of Greenwich Village, directly adjacent to NYU and just steps from Washington Square Park — 1-3 University Place offers 5,150 SF of expansive flagship retail space at a solid value for this prime downtown location. Ideal for fitness centers, art galleries, event spaces, showrooms, specialty food markets, entertainment venues, or experiential retail concepts. This space benefits from one of downtown Manhattan’s highest-foot-traffic corridors, with proximity to NYU’s main campus, Washington Square Park, Union Square, and some of the city’s best dining, shopping, and transit.

Key Features:

Prime Greenwich Village / NYU / Washington Square Park Location:

• Situated on University Place at the corner of East 8th Street — one of the most iconic, heavily trafficked, and desirable intersections in Greenwich Village — at the doorstep of New York University (NYU) and just steps from Washington Square Park.
• Located in the heart of Greenwich Village — one of Manhattan’s most historic, vibrant, and beloved neighborhoods, known for its tree-lined streets, historic townhouses, independent boutiques, art galleries, acclaimed restaurants, jazz clubs, and strong sense of community.
• Directly adjacent to NYU’s main campus (including the Kimmel Center, Silver Center, and numerous academic buildings), with over 50,000 students, faculty, and staff generating massive daily foot traffic.
• Just steps from Washington Square Park — one of New York City’s most iconic public spaces, drawing thousands of daily visitors for concerts, chess games, festivals, and people-watching.
• Minutes from Union Square (14th Street), SoHo, NoHo, East Village, West Village, and Chelsea.

Massive Foot Traffic – 24/7 Downtown Hub:

• University Place and East 8th Street are among the most heavily trafficked pedestrian corridors in downtown Manhattan, with constant flow from NYU students, faculty, staff, residents, professionals, tourists, Washington Square Park visitors, and commuters.
• NYU has over 50,000 students and 15,000 faculty/staff, many of whom live, study, and work within blocks of this intersection — creating consistent daily demand for dining, services, fitness, and retail.
• Washington Square Park draws thousands of daily visitors for concerts, festivals, chess games, and people-watching — generating strong foot traffic on weekends and evenings.
• Strong daytime foot traffic from NYU students, faculty, and office workers, plus strong evening and weekend traffic from the area’s world-famous restaurants, jazz clubs (Blue Note, Village Vanguard), and nightlife.

Expansive, Large-Format Retail Layout:

• 5,150 SF of generous retail space — ideal for a fitness center, art gallery, event space, showroom, specialty food market, entertainment venue, or experiential retail concept.
• Attractive storefront with excellent street-level visibility on University Place and East 8th Street — a high-traffic corner with constant pedestrian flow.
• High ceilings and open floor plan with minimal columns, allowing for easy customization to fit various business needs — from fitness equipment and art displays to retail shelving and dining layouts.
• Large windows providing abundant natural light and prime window display opportunities facing University Place and East 8th Street’s steady foot traffic.
• Potential for back-of-house space, storage, office areas, or a kitchen depending on configuration.
• At $11.65 per square foot, this represents solid value for a 5,150 SF retail space in this prime Greenwich Village location.

Excellent Transit Access:

• Moments from the 8th Street / NYU subway station (N, R, W) on Broadway and the Astor Place station (6) on Lafayette Street.
• Close to the 14th Street / Union Square station (4, 5, 6, L, N, Q, R, W) , West 4th Street station (A, B, C, D, E, F, M) , and Christopher Street station (1) .
• Short walk to the PATH train at 9th Street (service to Hoboken) and 14th Street (service to Hoboken and Jersey City).
• Multiple bus routes serve Broadway, University Place, and 8th Street (M1, M2, M3, M5, M8, M55, M103).
• Convenient for employees, customers, and clients from across the city, Brooklyn, Queens, and New Jersey.

Vibrant, High-Energy Customer Base:

• NYU students, faculty, and staff — over 50,000 students, plus thousands of faculty and staff, creating consistent daily demand for food, coffee, services, fitness, and retail.
• Local residents — affluent and diverse community of Greenwich Village, NYU area, and surrounding neighborhoods, including young professionals, families, artists, writers, and longtime residents.
• Washington Square Park visitors — thousands of daily visitors to one of Manhattan’s most iconic public spaces.
• Jazz and music enthusiasts — visitors to legendary venues like Blue Note and Village Vanguard.
• Tourists — visitors to Greenwich Village, Washington Square Park, SoHo, and NYU.
• Ideal for businesses such as:
• Fitness center (gym, yoga, Pilates, cycling, CrossFit)
• Art gallery or exhibition space
• Event space or performance venue
• Showroom or design studio (fashion, home, tech)
• Specialty food market or grocery
• Entertainment venue or music club
• Beauty salon or spa (large-format)
• Medical or dental practice (large-format)

Highlights:
✔ 5,150 SF of expansive flagship retail space at University Place and 8th Street, Greenwich Village
✔ $60,000/month — solid value at $11.65 per square foot
✔ Attractive corner storefront with excellent visibility on one of downtown’s busiest intersections
✔ Directly adjacent to NYU and steps from Washington Square Park
✔ High ceilings and open floor plan — ideal for fitness, gallery, event space, or market
✔ Strong, diverse, 24/7 foot traffic — NYU students, faculty, residents, park visitors, and tourists
✔ Excellent transit access — N, R, W, 6, 4, 5, L, Q, A, B, C, D, E, F, M, 1 trains, PATH
✔ Perfect for fitness centers, art galleries, event spaces, showrooms, or markets

Conclusion:

1-3 University Place offers an exceptional opportunity for fitness operators, art dealers, event planners, and retailers seeking large-format, high-visibility retail space in the heart of Greenwich Village — directly adjacent to NYU and steps from Washington Square Park, one of downtown Manhattan’s most iconic and heavily trafficked locations. With 5,150 SF of flexible, high-ceiling space, a prime corner storefront at University Place and 8th Street, and access to a diverse, high-energy, 24/7 customer base of NYU students, faculty, residents, park visitors, and tourists, this property is perfect for fitness centers, art galleries, event spaces, showrooms, or specialty food markets looking to thrive in one of New York City’s most dynamic and culturally rich neighborhoods — all at a solid value of just over $11 per square foot.

Contact us today to schedule a private tour and secure this premier Greenwich Village flagship retail space!