Retail

240 East 4th Street, New York, NY 10009 – East Village / Lower East Side
Asking Rent: $25,000
Size: 1,085 sq ft
Use: Boutique Retail / Restaurant / Bar / Gallery / Creative Commercial
Lease Type: Commercial Lease (Retail)
Price per Sq Ft: ~$276.50/sq ft/year | ~$23.04/sq ft/month

Property Overview

This 1,085-square-foot retail space at 240 East 4th Street offers a prime opportunity in one of Manhattan’s most iconic and character-rich neighborhoods. With an asking rent of $25,000, the space commands a premium price per square foot that reflects its position on a highly desirable, bustling block in the East Village, known for its independent businesses, nightlife, and cultural vibrancy. This space is ideal for a distinctive restaurant, craft cocktail bar, boutique, or gallery that seeks to leverage the neighborhood’s authentic, creative energy and loyal customer base.

Space Highlights

• Versatile 1,085 sq ft of ground-floor commercial space on a historic East Village block
• High price per square foot reflects strong demand for retail in this established, walkable neighborhood
• Classic tenement-style storefront likely offering character, street visibility, and potential for outdoor seating
• Suitable for a full build-out as a restaurant with kitchen and dining area, or as open-format retail/gallery space
• Size accommodates a medium-capacity dining operation or substantial retail footprint

Location & Neighborhood

• Prime East Village location on East 4th Street between Avenues B and C
• In the heart of a district famed for its independent spirit, diverse dining, vibrant nightlife, and artistic community
• Extremely high foot traffic from local residents, students, tourists exploring off-the-beaten-path NYC, and nightlife seekers
• Surrounded by a mix of historic bars, trendy restaurants, performance venues (La MaMa, etc.), and boutique shops
• Strong neighborhood identity and loyalty, supporting businesses that resonate with local culture
• Accessible via subway lines (F at 2nd Ave; J/M/Z at Essex/Delancey; L at 1st Ave)

Summary

Offered at $25,000 per month (~$276.50/sq ft/year), this 1,085 sq ft retail space at 240 East 4th Street is an investment in an authentic, high-energy downtown location. The rent is justified by the space’s potential to become a destination within a destination—a beloved local establishment on a block that embodies the creative soul of the East Village. This space is best suited for an experienced operator with a clear, compelling concept—such as a chef-driven restaurant, niche boutique, or intimate performance venue—that can build a devoted following and thrive in a competitive, culturally rich environment.