Commercial Space for Lease – 111–115 E 7th Street, New York, NY 10009
Asking Rent: $15,000 / Month
Size: 1,100 SF
Price per SF: ~$164 / SF annually
Property Type: Retail / Restaurant / Creative Studio
Status: Active
Property Overview
111–115 East 7th Street offers 1,100 SF of boutique ground-floor commercial space in the East Village, one of Manhattan’s most vibrant cultural and residential neighborhoods. The property benefits from steady pedestrian traffic, eclectic retail mix, and strong demand from both residents and visitors, making it an ideal site for food, beverage, or creative operators.
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Key Features
- Total Size: 1,100 SF
- Asking Rent: $15,000/month ($180,000 annually)
- Price per SF: ~$164 annually
- Use Flexibility: Suitable for restaurant, café, boutique retail, wellness studio, or creative gallery space
- Frontage: Street-level presence with excellent neighborhood visibility
- Condition: Ready for tenant build-out / customization
Market Profile
- Target Tenants: Cafés, restaurants, boutique retailers, wellness/fitness operators, or creative/art studios
- Neighborhood Demand: East Village remains a high-demand retail and F&B corridor, driven by young professionals, NYU students, and cultural visitors
- Competitive Advantage: At ~$164/SF, this property offers prime East Village visibility at a competitive entry point compared to SoHo or Lower East Side locations
Location Advantages
- Neighborhood: East Village (between Avenue A and 1st Avenue corridors)
- Proximity: Tompkins Square Park, NYU, St. Mark’s Place nightlife, Alphabet City
- Transit: Served by L train at 1st Ave and nearby 6/N/R/W trains at Astor Place & 8th Street
- Foot Traffic: Dense mix of students, professionals, tourists, and longtime residents
Summary
The 1,100 SF space at 111–115 East 7th Street provides a boutique leasing opportunity at $15,000/month (~$164/SF annually). With strong neighborhood identity, consistent demand, and versatile usage potential, this property is well-suited for restaurants, cafés, or boutique retailers looking to establish a foothold in one of Manhattan’s most dynamic submarkets.
