Commercial Property for Lease – 207 Thompson Street, New York, NY 10012
Asking Rent: $40,000 / Month
Size: 2,544 SF
Price per SF: ~$189 / SF annually
Property Type: Retail / Restaurant / Creative Space
Status: Available
Property Overview
207 Thompson Street offers 2,544 SF of prime commercial space in the heart of Greenwich Village. With excellent street frontage and visibility, this space is ideally positioned between Washington Square Park and SoHo, benefiting from constant pedestrian activity driven by NYU students, local residents, and tourists.
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Its size and layout make it particularly attractive for restaurants, experiential retail, galleries, or boutique fitness/wellness tenants seeking a presence in one of Manhattan’s most vibrant neighborhoods.
Key Features
- Total Size: 2,544 SF
- Asking Rent: $40,000/month ($480,000 annually)
- Price per SF: ~$189 annually
- Use Flexibility: Retail, restaurant (with venting potential), gallery, wellness, or creative office
- Frontage: Prominent street-level exposure on Thompson Street
- Condition: Lease-ready, adaptable to tenant build-out
- Layout: Efficient floor plan suitable for open use or division
Market Profile
- Target Tenants: Restaurants, specialty retail, boutique fitness, galleries, or creative firms
- Neighborhood Demand: Greenwich Village remains one of NYC’s most dynamic submarkets, fueled by university demand (NYU), tourism, and long-term residents
- Competitive Advantage: At ~$189/SF, this space offers a mid-size format in a premium downtown location, rare in the Village market
Financial Highlights
- Monthly Rent: $40,000
- Annual Rent: $480,000
- Price per SF: ~$189 annually
- Lease Terms: Direct lease; negotiable structure
- Upside Potential: High visibility and strong customer base ensure long-term value for tenants
Location Advantages
- Neighborhood: Greenwich Village / NYU Corridor
- Proximity: Washington Square Park, West 3rd Street, SoHo, NoHo, and Bleecker Street retail corridor
- Transit: Steps to West 4th Street–Washington Square station (A/C/E, B/D/F/M lines) and nearby 1 line
- Foot Traffic: Heavy pedestrian mix of students, professionals, nightlife, and cultural visitors
Summary
The 2,544 SF space at 207 Thompson Street offers a prime Greenwich Village leasing opportunity, priced at $40,000/month (~$189/SF annually). With flexible usage potential, strong pedestrian flow, and proximity to NYU and Washington Square Park, it is ideal for restaurants, boutique retailers, or creative operators seeking visibility in one of Manhattan’s most iconic neighborhoods.
