Commercial Investment Property for Lease – 322 Second Avenue, New York, NY 10003
Asking Rent: $12,000 / Month
Sale Type: Lease – Retail / Commercial Opportunity
Property Type: Ground-Floor Boutique Retail / Service Space
Location: Urban – East Village / Gramercy Border, Manhattan (10003)
Availability: Immediate
Property Overview
322 Second Avenue offers an 800 SF boutique retail space located along the East Village–Gramercy border, a vibrant corridor with steady residential and commercial foot traffic. The space’s compact layout is ideal for specialty retailers, cafés, wellness providers, or service-oriented businesses seeking a manageable footprint in a densely populated neighborhood.
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Its frontage along Second Avenue ensures visibility and access to a strong mix of local residents, students, and professionals. This smaller format makes it an efficient choice for emerging operators or established brands piloting new concepts in Manhattan.
Key Features
- Total Size: 800 SF
- Asking Rent: $12,000/month (~$180/SF annualized)
- Property Type: Ground-floor boutique retail / service
- Location: Second Avenue corridor near East Village & Gramercy
- Visibility: Pedestrian and residential traffic with solid neighborhood exposure
- Configuration: Efficient layout for small retail or service use
Market Profile
- Property Type: Small-format retail unit with strong neighborhood demand
- Target Tenant Base: Coffee shops, wellness brands, boutique retail, personal services
- Neighborhood Demand: The East Village–Gramercy corridor draws both young professionals and families, supporting diverse tenant demand
- Competitive Advantage: Affordable small-format retail relative to larger, higher-rent East Village units
Financial Highlights
- Asking Rent: $12,000 per month
- Annualized Rent: $144,000
- Rent per SF (Annualized): ~$180/SF
- Lease Type: Typically NNN or modified gross (to be negotiated)
- Upside Potential: Attractive to smaller operators priced out of larger SoHo or Union Square spaces, offering steady neighborhood-driven demand
Location Advantages
- Neighborhood: East Village / Gramercy – blend of residential density and cultural activity
- Proximity: Close to Union Square, Stuyvesant Square, and East River Park
- Transit: Strong subway and bus access (L, N, Q, R, W, 6 lines nearby)
- Tenant Demand: Supported by a mix of residents, students (NYU/Cooper Union), and young professionals
Summary
The 800 SF retail unit at 322 Second Avenue, East Village/Gramercy is offered at $12,000/month (~$180/SF annually), making it a strong fit for boutique operators or service providers seeking an efficient and well-located Manhattan storefront. With its compact footprint, steady neighborhood traffic, and accessible rent profile compared to larger spaces, this property offers a compelling opportunity for small-format tenants.
