This property is ideal for operators seeking low overhead, high visibility, and steady neighborhood foot traffic from affluent residents, students, and professionals.

Key Features

• Size: 300 SF
• Asking Rent: $4,000 per month
• Annualized Rent: $48,000
• Effective Rent per SF: ~$160/SF annually
• Configuration: Compact floorplate designed for grab-and-go or specialty retail
• Frontage: Street-level exposure with consistent local foot traffic

Market Profile

• Submarket: Gramercy / Kips Bay – affluent residential community with strong local retail demand
• Demand Drivers: Proximity to Gramercy Park, Baruch College, NYU Langone, and Union Square employment base
• Target Tenants: Coffee shops, juice/smoothie bars, boutique services, specialty grab-and-go retail
• Competitive Advantage: Ultra-compact space with manageable occupancy cost, ideal for startups and independent operators

Financial Highlights

• Asking Rent: $4,000/Month
• Size: 300 SF
• Annual Rent: $48,000
• Effective Rent per SF: ~$160/SF
• Lease Type: Negotiable; modified gross or NNN standard
• Upside Potential: Strong rental demand in Gramercy, with consistent residential and student population growth

Location Advantages

• Neighborhood: Gramercy – historic, affluent, and residentially dense with steady retail needs
• Proximity: Near Gramercy Park, Kips Bay retail corridor, and Union Square’s cultural/retail hub
• Transit: Access to 23rd Street (6 line), Union Square hub (4/5/6, N/Q/R/W, L), and crosstown bus routes
• Tenant Demand: High for small-format, grab-and-go spaces serving residents and professionals

Summary

The 300 SF boutique retail space at 210 E 21st Street, Gramercy is offered at $4,000/month (~$160/SF annually). With its compact, efficient design and prime residential neighborhood location, this property represents a cost-effective opportunity for boutique operators to establish presence in one of Manhattan’s most prestigious districts.