Commercial Investment Property for Lease – 127 Second Avenue, New York, NY 10003
Asking Rent: $15,000 / Month
Sale Type: Lease – Retail / Commercial Opportunity
Property Type: Ground-Floor Retail Unit
Location: Urban – East Village, Manhattan (10003)
Availability: Immediate
Property Overview
127 Second Avenue offers a 505 SF boutique retail leasing opportunity in the heart of the East Village. With excellent visibility and strong pedestrian traffic, this compact storefront is ideally suited for specialty operators, food & beverage concepts, or service-based businesses seeking to establish a presence in one of Manhattan’s most energetic neighborhoods.
Read More
The East Village’s eclectic mix of residents, students, and visitors makes this property particularly attractive for small-format brands seeking high exposure in a dense urban environment.
Key Features
- Total Size: 505 SF
- Asking Rent: $15,000/month (~$357/SF annualized)
- Property Type: Boutique ground-floor retail
- Location: East Village, Manhattan
- Visibility: High pedestrian and residential traffic along Second Avenue
- Configuration: Efficient open layout for retail, service, or food & beverage use
Market Profile
- Property Type: Small-format retail in a dense residential and cultural hub
- Target Tenant Base: Coffee shops, boutique retailers, quick-service food concepts, personal services, specialty lifestyle operators
- Neighborhood Demand: East Village continues to attract younger demographics, students, creatives, and tourists, driving consistent demand for unique, small-scale retail offerings
- Competitive Advantage: Rare compact unit in a high-demand corridor where affordable, efficient retail footprints are scarce
Financial Highlights
- Asking Rent: $15,000 per month
- Annualized Rent: $180,000
- Rent per SF (Annualized): ~$357/SF
- Lease Type: Typically NNN or modified gross (to be negotiated)
- Upside Potential: High rent/SF justified by location and exposure; strong demand for boutique spaces ensures long-term value retention
Location Advantages
- Neighborhood: East Village – vibrant, diverse, and high-traffic residential/cultural neighborhood
- Proximity: Close to NYU, Tompkins Square Park, Lower East Side, and Union Square
- Transit: Excellent subway access (L, N, Q, R, W, 6 lines) and multiple bus routes
- Tenant Demand: Popular with independent retailers, cafés, and service concepts targeting a youthful, trend-driven market
Summary
The 505 SF boutique retail unit at 127 Second Avenue, East Village is offered for lease at $15,000/month (~$357/SF annually), representing a rare opportunity for small-format operators to secure prime exposure in one of Manhattan’s most dynamic neighborhoods. With its efficient footprint, strong pedestrian flow, and diverse customer base, this property is a compelling option for specialty tenants and emerging brands.
