Commercial Lease – 72 Second Avenue, New York, NY 10003
Asking Rent: $90,000/month
Size: 2,094 SF
Lease Type: Retail / Restaurant / Food & Beverage / Boutique Service
Property Type: Ground-Floor Retail Space
Location: East Village / Lower East Side Border (10003)
Availability: Immediate
Property Overview
72 Second Avenue offers a 2,094 SF prime retail/restaurant opportunity in the vibrant East Village. With excellent frontage, heavy pedestrian traffic, and proximity to one of downtown’s most dynamic nightlife and dining corridors, this space is ideally suited for full-service restaurants, cafés, boutique food operators, or specialty retail.
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Located near St. Mark’s Place and surrounded by destination dining, nightlife, and cultural institutions, this property is positioned for strong branding visibility and high customer demand.
Key Features
- Total Size: ≈ 2,094 SF
- Asking Rent: $90,000/month
- Annualized Rent: ≈ $1,080,000
- Effective Rent per SF: ≈ $516/SF annually
- Configuration: Flexible floorplan adaptable for restaurant or boutique retail build-out
- Frontage: Street-level exposure on Second Avenue with excellent branding potential
- Potential Uses: Restaurant, café, bar, boutique retail, gallery, wellness/lifestyle
Lease & Terms
- Base Rent: $90,000/month (~$516/SF/YR)
- Term: Negotiable (long-term preferred)
- Availability: Immediate / by agreement
- Due at Signing: First month + security deposit; tenant financials required
- Tenant Responsibilities: Utilities, RE tax, and standard retail lease obligations
Market Profile
- Location Advantage: Prime Second Avenue address in the East Village, steps from St. Mark’s Place and close to Lower East Side nightlife and dining.
- Transit Access: Convenient to Astor Place (6), 2nd Avenue (F), and multiple bus routes.
- Neighborhood Demand: Strong from restaurants, bars, boutique retailers, and wellness operators serving a young, trend-driven demographic.
- Competitive Advantage: Rare 2,000+ SF East Village retail/restaurant space with premium rent positioning and destination potential.
Summary
The 2,094 SF retail/restaurant space at 72 Second Avenue, New York, NY 10003 is offered at $90,000/month (~$516/SF annually). With its prime location, strong frontage, and connection to the East Village’s dining and nightlife scene, this property represents an exceptional opportunity for restaurant, café, or boutique retail operators seeking downtown presence.
