Commercial Lease – 60–62 Second Avenue, New York, NY 10003
Asking Rent: $80,000/Month
Size: 3,000 SF
Lease Type: Retail
Property Type: Ground-Floor Retail / Restaurant Opportunity
Location: East Village (10003)
Availability: Immediate
Property Overview
60–62 Second Avenue offers a 3,000 SF prime retail space in the vibrant East Village, one of Manhattan’s most eclectic cultural and dining corridors. Located near St. Mark’s Place, the property benefits from heavy daily foot traffic, strong nightlife, and a mix of residential, student, and tourist demand.
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The space is particularly well-suited for restaurant, bar/lounge, experiential retail, or boutique concepts seeking visibility and access to the East Village’s thriving demographic mix.
Key Features
- Total Size: ≈3,000 SF
- Asking Rent: $80,000/Month
- Annualized Rent: ≈$960,000
- Effective Rent per SF: ≈$320/SF annually
- Frontage: Strong Second Avenue exposure with excellent signage and branding opportunities
- Configuration: Open floorplan adaptable for restaurant/bar use or retail buildout
- Building: Mixed-use East Village property with character-rich frontage and active co-tenancy
Lease & Terms
- Base Rent: $80,000/Month (~$320/SF/YR)
- Term: Negotiable (long-term flagship preferred)
- Availability: Immediate / By agreement
- Due at Signing: First month + security deposit; tenant financials required
- Tenant Responsibilities: Utilities, RE tax, and obligations typical for retail leases
Market Profile
- Location Advantage: In the heart of the East Village, just off St. Mark’s Place, surrounded by high-volume restaurants, bars, entertainment venues, and specialty retail.
- Transit Access: Close to Astor Place (6), 8th Street–NYU (R/W), 2nd Avenue (F), and multiple bus routes.
- Neighborhood Demand: Strong demand from food & beverage operators, nightlife venues, and experiential retail concepts targeting students, residents, and tourists.
- Competitive Advantage: Rare 3,000 SF retail/restaurant space with prime Second Avenue frontage in one of Manhattan’s busiest lifestyle corridors.
Summary
The 3,000 SF retail space at 60–62 Second Avenue, New York, NY 10003 is offered at $80,000/Month (~$320/SF annually). With its scale, high-visibility frontage, and East Village location near St. Mark’s Place, this property is an outstanding opportunity for F&B or lifestyle operators seeking a flagship presence in downtown Manhattan.
