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.
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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.
