Retail

Commercial Lease – 120 East 7th Street, New York, NY 10009

Asking Rent: $5,000/month
Size: 700 SF
Lease Type: Retail / Office / Service
Property Type: Ground-Floor Commercial Space
Location: East Village (10009)
Availability: Immediate

Property Overview

120 East 7th Street offers a 700 SF ground-floor commercial space located on a quiet yet well-positioned block in the East Village, just steps from Avenue B and Tompkins Square Park. The space benefits from steady neighborhood foot traffic and a strong local customer base driven by dense residential surroundings.

This location is ideal for boutique retail, professional office use, wellness services, studios, or neighborhood-focused concepts seeking an affordable entry point into one of Manhattan’s most established residential communities.

Key Features

• Total Size: 700 SF
• Asking Rent: $5,000/month
• Annualized Rent: ≈ $60,000
• Effective Rent per SF: ≈ $86/SF annually
• Configuration: Efficient ground-floor layout
• Frontage: East 7th Street exposure
• Potential Uses: Boutique retail, office, wellness, studio, gallery, service-oriented business
• Neighborhood Profile: Dense residential population with strong local demand

Lease & Terms

• Base Rent: $5,000/month (~$86/SF/YR)
• Term: Negotiable
• Availability: Immediate
• Due at Signing: First month’s rent and security deposit; tenant financials required
• Tenant Responsibilities: Utilities and standard commercial lease obligations

Market Profile

• Location Advantage: Situated in the East Village near Tompkins Square Park, surrounded by long-standing residential buildings.
• Transit Access: Close proximity to L, F, 6 subway lines.
• Neighborhood Demand: Strong demand from local retailers, wellness operators, and professional service providers.
• Competitive Advantage: Affordable rental rate for a ground-floor space in the East Village.

Summary

The 700 SF commercial space at 120 East 7th Street, New York, NY 10009, offered at $5,000/month (~$86/SF annually), provides a rare opportunity to establish a presence in the East Village at an accessible price point. With steady neighborhood foot traffic and flexible use potential, this space is well suited for local retail, office, or service concepts.