58-60 W 8th Street, New York, NY 10011 – Greenwich Village
Asking Rent: $12,000/month
Space: 600 sq ft
Property Type: Retail (Ground Floor)
Rent per Sq Ft: $20.00/month ($240.00/sq ft annualized)
Property Overview
This 600-square-foot retail space at 58-60 West 8th Street is situated on one of Greenwich Village’s most iconic and heavily trafficked shopping corridors. With an asking rent of $12,000 per month, it is positioned for a trendy, high-volume business that can capitalize on the constant flow of tourists, students, and locals drawn to the historic charm and vibrant commercial energy of the area. The location is ideal for a boutique, fast-casual food concept, novelty shop, or lifestyle brand seeking visibility in the heart of the Village.
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Space Highlights
- Ground-floor retail space of 600 sq ft with direct frontage on West 8th Street.
- High visibility on a narrow, pedestrian-heavy street known for its eclectic storefronts.
- Compact, efficient layout suitable for fast-paced retail, food service (with appropriate ventilation), or a curated boutique.
- Likely features a classic Village storefront with large windows, providing excellent product visibility and engagement with street traffic.
- Typically requires a custom tenant build-out to maximize the footprint and align with business branding.
Location & Neighborhood
- Prime Greenwich Village location on West 8th Street between 5th and 6th Avenues, a core block of the neighborhood’s main commercial strip.
- In the epicenter of a historic, pedestrian-oriented district known for its bohemian history, NYU student presence, and tourist appeal.
- Surrounded by a dense mix of national retailers (Urban Outfitters, Vans), local boutiques, dessert shops, cafes, and restaurants.
- Directly adjacent to Washington Square Park, guaranteeing immense daily foot traffic from students, tourists, performers, and local residents.
- Exceptionally high foot traffic, especially on evenings and weekends, from a diverse mix of shoppers, diners, and visitors exploring the Village.
- Excellent transit access via the A/B/C/D/E/F/M trains at West 4th St-Washington Square and the N/R/W at 8th St-NYU.
- Walkable to NoHo, SoHo, Union Square, and the East Village.
Summary
Priced at $12,000/month ($20.00/sq ft/month), this retail space at 58-60 West 8th Street commands a premium for its location in one of New York’s most famous and perpetually busy pedestrian shopping zones. The annualized rent of $240 per square foot reflects the value of its tourist-heavy, high-volume foot traffic. This space is ideal for a business with a strong impulse-purchase model or a brand that benefits from massive exposure. Success requires a concept that can attract both the transient tourist crowd and the local NYU student population, with an offering that is trendy, accessible, and tailored to a high-energy, walk-in customer base. The cost necessitates a high turnover of sales to be sustainable.
