78 Fifth Avenue, New York, NY 10011 – Greenwich Village / Flatiron Border
Asking Rent: $14,000/month
Space: 3,400 sq ft
Property Type: Office
Rent per Sq Ft: $4.12/month ($49.41/sq ft annualized)
Property Overview
This 3,400-square-foot retail space at 78 Fifth Avenue is a substantial, high-profile opportunity at a key downtown gateway. With an asking rent of $14,000 per month, it offers an exceptionally efficient price per square foot for a prime avenue location. This large-format space is ideal for a destination restaurant, upscale food hall, flagship boutique, fitness studio, or experiential retail concept seeking maximum visibility and foot traffic at the crossroads of Greenwich Village, the Flatiron District, and Union Square.
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Space Highlights
- Large-format ground-floor retail space of 3,400 sq ft with significant frontage on Fifth Avenue.
- Ample square footage suitable for a full-service restaurant with expansive dining and bar areas, specialty grocery or market, flagship apparel store, boutique gym, or multi-brand showroom.
- High visibility on one of Manhattan’s most iconic avenues, with excellent pedestrian exposure.
- Likely features a classic NYC retail build-out with large windows and high ceilings; tenant will be responsible for a comprehensive, high-quality build-out to suit their specific use.
- The size allows for a flexible layout with distinct zones for service, display, and customer experience.
Location & Neighborhood
- Prime Greenwich Village/Flatiron border location at the corner of Fifth Avenue and 14th Street.
- Situated directly across from Union Square Park, ensuring immense daily foot traffic from commuters, students, park visitors, shoppers, and tourists.
- At the nexus of multiple vibrant neighborhoods: Greenwich Village, Union Square, the Flatiron District, and Chelsea.
- Surrounded by major retail (Whole Foods, Best Buy), restaurants, NYU facilities, and the Union Square Greenmarket.
- Unrivaled transit access via the L, N/Q/R/W, 4/5/6, F/M trains at Union Square-14th Street, one of the busiest subway hubs in NYC.
- Walkable to the East Village, NoMad, and SoHo.
Summary
Priced at $14,000/month ($4.12/sq ft/month), this 3,400 sq ft retail space at 78 Fifth Avenue represents outstanding value for a landmark-sized box in a premier downtown location. The annualized rent of $49.41 per square foot is highly competitive for Fifth Avenue frontage and provides a significant cost advantage for a large-scale operation. This opportunity is geared toward an established, well-capitalized operator with a concept capable of serving the massive, diverse foot traffic of Union Square. Success requires a business model that can attract both the local residential community and the constant influx of visitors, leveraging one of the most dynamic and transit-rich intersections in the city. It’s a strategic location for a business aiming for high volume and broad appeal.
