Retail

219 1st Avenue, New York, NY 10003 – East Village / Gramercy
Asking Rent: $40,000
Size: 1,165 sq ft
Use: High-Volume Restaurant / Bar / Nightlife / Experiential Retail
Lease Type: Commercial Lease (Retail)
Price per Sq Ft: ~$412.02/sq ft/year | ~$34.34/sq ft/month

Property Overview

This 1,165-square-foot retail space at 219 1st Avenue represents a premier, high-stakes opportunity on one of the East Village’s most active and iconic thoroughfares. With an asking rent of $40,000, this space commands an exceptionally high price per square foot, reflecting its potential as a destination location capable of generating immense revenue from the area’s dense nightlife, dining, and residential traffic. It is designed for an experienced operator with a proven, high-margin concept such as a flagship restaurant, popular bar, or experiential retail store that can capitalize on constant foot traffic and a loyal local clientele.

Space Highlights

• Prime 1,165 sq ft of ground-floor retail/restaurant space in a high-visibility location
• Extremely high price per square foot indicative of maximum revenue potential in a top-tier nightlife corridor
• Likely features strong street frontage, suitable for significant build-out with kitchen, bar, and dining area
• Space size is ideal for a bustling full-service restaurant or high-capacity bar
• Turnkey potential for an operator ready to invest in a high-impact build-out

Location & Neighborhood

• Iconic East Village location on 1st Avenue between 13th and 14th Streets
• In the heart of one of Manhattan’s most vibrant and enduring dining and nightlife districts
• Extremely high foot traffic from a dense residential base, NYU students, bar-hoppers, and destination diners
• Surrounded by renowned restaurants, bars, and late-night venues, creating a critical mass of nightlife activity
• Excellent access to subway lines (L at 1st Ave; 4/5/6/N/Q/R/W at 14th St-Union Square)
• Located just blocks from Union Square and Stuyvesant Town, drawing a wide and consistent customer base

Summary

Offered at $40,000 per month (~$412.02/sq ft/year), this 1,165 sq ft retail space at 219 1st Avenue is a trophy location for an established hospitality group or retail operator. The rent is a direct reflection of the space’s ability to drive substantial nightly sales volume in one of New York’s most lucrative and competitive retail environments. This space is not for startups or low-margin concepts, but for a business with a strong brand, operational excellence, and a concept that can become a neighborhood landmark and daily destination.