540 6th Avenue, New York, NY 10011 – Greenwich Village / NoHo
Asking Rent: $20,000/month
Space: 972 sq ft
Property Type: Retail (Ground Floor)
Rent per Sq Ft: $20.58/month ($246.96/sq ft annualized)
Property Overview
This 972-square-foot retail space at 540 6th Avenue offers a prime opportunity on a high-energy, historic corridor bridging Greenwich Village and NoHo. With an asking rent of $20,000 per month, it is positioned for a destination business seeking high visibility, strong foot traffic, and a connection to downtown Manhattan’s vibrant cultural and commercial scene. The location is ideal for a flagship retail store, popular café, trendy restaurant, or creative studio that serves a mix of locals, students, and visitors.
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Space Highlights
- Ground-floor retail space of 972 sq ft with direct frontage on 6th Avenue (Avenue of the Americas).
- High visibility on a major north-south artery with continuous pedestrian and vehicle traffic.
- Flexible layout suitable for a variety of uses: upscale boutique, restaurant/bar, gallery, salon, or high-end service business.
- Likely features a classic NYC retail build-out with large windows, high ceilings, and standard utilities; tenant responsible for custom interior build-out.
- The substantial square footage allows for a spacious customer area, back-of-house operations, or creative merchandising.
Location & Neighborhood
- Prime downtown location at the intersection of 6th Avenue and 14th Street, the gateway between Greenwich Village and NoHo.
- Situated at one of the busiest pedestrian crossroads in Manhattan, adjacent to Union Square just one block east.
- Surrounded by a dynamic mix of national retailers, local boutiques, renowned restaurants, and historic venues.
- Immediate proximity to The New School, NYU facilities, and the Union Square Greenmarket, ensuring a constant flow of students, faculty, and locals.
- Exceptional daily foot traffic from a dense residential population, office workers, students, and tourists.
- Unrivaled transit access with the L, N/Q/R/W, 4/5/6, F/M trains all converging at Union Square-14th Street, one of NYC’s largest transit hubs.
- Walkable to the East Village, West Village, Chelsea, and Flatiron District.
Summary
Priced at $20,000/month ($20.58/sq ft/month), this retail space at 540 6th Avenue commands a premium for its exceptional location, size, and visibility at a major downtown crossroads. The annualized rent of approximately $247 per square foot reflects the value of a high-traffic, high-profile address in a perpetually vibrant neighborhood. This space is ideal for an established brand or ambitious concept looking to capture the attention of a diverse and engaged downtown audience. Success requires a business model that can leverage both heavy daytime foot traffic and evening/nightlife activity, catering to the area’s eclectic mix of students, professionals, creatives, and visitors.
