Retail

299 East 11th Street, New York, NY 10003 – East Village
Asking Rent: $15,000
Size: 475 sq ft
Use: Boutique Retail / Specialty Cafe / Wine Bar / Small Gallery / High-Margin Service Retail
Lease Type: Commercial Lease (Retail)
Price per Sq Ft: ~$378.95/sq ft/year | ~$31.58/sq ft/month

Property Overview

This 475-square-foot retail space at 299 East 11th Street offers a compact, high-visibility storefront in the heart of the East Village’s vibrant and historic core. With an asking rent of $15,000, the space commands an exceptionally high price per square foot, reflecting its prime location on a highly desirable block with intense foot traffic from residents, students, and visitors. This space is designed for a tightly curated boutique, specialty coffee/wine bar, niche gallery, or high-margin service business that excels at maximizing revenue from a small footprint through a strong brand and high customer turnover.

Space Highlights

• Ultra-compact 475 sq ft of prime ground-floor retail space
• Extremely high price per square foot typical of high-demand, character-rich East Village storefronts
• Likely features classic tenement architecture with strong street presence and potential for sidewalk seating
• Efficient layout requires a smart, focused concept where every square foot is dedicated to customer experience and product display
• Ideal for a turnkey or lightly built-out operation with a clear, high-margin business model

Location & Neighborhood

• Iconic East Village location on East 11th Street between 1st and 2nd Avenues
• In one of Manhattan’s most dynamic neighborhoods, known for its nightlife, dining, indie shops, and youthful energy
• Extremely high foot traffic from a dense residential base, NYU students, bar-hoppers, and tourists exploring off-the-beaten-path NYC
• Surrounded by renowned restaurants, bars, music venues, and eclectic retail, creating a 24/7 commercial ecosystem
• Excellent access to subway lines (L at 1st Ave; 6 at Astor Place; N/Q/R/W at 8th St-NYU)
• Walkable to Tompkins Square Park, St. Mark’s Place, and Cooper Union

Summary

Offered at $15,000 per month (~$378.95/sq ft/year), this 475 sq ft retail space at 299 East 11th Street is a premium micro-location for a business that thrives on density, visibility, and neighborhood authenticity. The rent is a direct reflection of the space’s ability to capture consistent, high-value foot traffic in one of New York’s most iconic and active retail environments. This space is not for general retail; it is for a concept with a devoted following and high margins—such as a specialty coffee roaster, natural wine bar, designer boutique, or niche bookstore—that can become a beloved local fixture while generating substantial revenue from a small but perfectly positioned footprint.