Retail

103 First Avenue, New York, NY 10003 – East Village
Asking Rent: $14,500
Size: 2,000 sq ft
Use: Restaurant / Bar / Café / Specialty Grocery / Large Boutique / Neighborhood Anchor Business
Lease Type: Commercial Lease (Retail)
Price per Sq Ft: ~$87.00/sq ft/year | ~$7.25/sq ft/month

Property Overview

This 2,000-square-foot retail space at 103 First Avenue offers a spacious and strategically priced opportunity on one of the East Village’s major north-south thoroughfares. With an asking rent of $14,500, the space provides a competitive price per square foot for a substantial footprint in a neighborhood known for its high-density residential population and vibrant commercial activity. This space is ideal for a full-service restaurant, large café, specialty grocery, boutique, or neighborhood service business aiming to become a local anchor and capitalize on the constant foot traffic of residents, students, and visitors.

Space Highlights

• Spacious 2,000 sq ft of ground-floor retail space, allowing for a diverse layout
• Competitive price per square foot for a sizable space in a prime East Village location
• Likely features classic tenement-style storefront with good street visibility and potential for outdoor seating
• Ample square footage to accommodate a full kitchen, dining area, bar, and back-of-house for a restaurant, or expansive retail displays
• Suitable for a business that requires more space than a typical East Village storefront

Location & Neighborhood

• Prime East Village location on First Avenue between 6th and 7th Streets
• In the heart of a densely populated residential neighborhood with a mix of long-term residents, NYU students, and young professionals
• Extremely high daily foot traffic from locals running errands, dining out, and commuting
• Surrounded by a diverse array of restaurants, bars, cafes, and essential services, creating a strong commercial ecosystem
• Close to Tompkins Square Park, St. Mark’s Place, and the NYU campus
• Excellent access to subway lines (6 at Astor Place; F at 2nd Ave; L at 1st Ave)

Summary

Offered at $14,500 per month (~$87.00/sq ft/year), this 2,000 sq ft retail space at 103 First Avenue is a high-value proposition for a business seeking to establish a significant presence in the East Village. The rent is justified by the space’s size, visibility, and location in a neighborhood with unwavering demand from local consumers. This space is perfect for an experienced operator with a concept that can serve the daily needs and lifestyle of East Village residents—such as a popular restaurant, well-curated market, or large-format boutique—offering the rare combination of ample space and a manageable rent in a coveted downtown location.