99 Second Avenue, New York, NY 10003 – East Village
Asking Rent: $40,000/month
Space: 2,400 sq ft
Property Type: Retail (Ground Floor)
Rent per Sq Ft: $16.67/month ($200.00/sq ft annualized)
Property Overview
This 2,400-square-foot retail space at 99 Second Avenue is a substantial, high-profile opportunity at a major downtown intersection. With an asking rent of $40,000 per month, it is positioned for a destination restaurant, large-format cafe, boutique gym, or experiential retail venue that can dominate the corner and capitalize on the East Village’s dense, youthful, and high-spend demographic. The size allows for a significant, multi-functional operation designed to become a neighborhood landmark.
Read More
Space Highlights
- Large-format ground-floor retail space of 2,400 sq ft, likely with wraparound corner frontage at Second Avenue and 6th Street.
- Ample square footage suitable for a full-scale restaurant and bar with multiple dining areas, a specialty food hall or market, a boutique fitness center (e.g., cycling, climbing, functional training), or an entertainment venue (comedy club, private event space).
- High visibility on two bustling avenues, maximizing exposure to foot and vehicle traffic.
- Will require a major capital investment and comprehensive build-out, including likely full kitchen ventilation, bar plumbing, specialized flooring, and significant electrical work.
- The size allows for a versatile layout with distinct zones for different services or customer experiences.
Location & Neighborhood
- Prime East Village location at the corner of Second Avenue and 6th Street.
- Situated at a iconic, high-energy downtown crossroads, steps from Cooper Union, NYU facilities, and Astor Place.
- Serves a dense mix of students, young professionals, creatives, and long-time residents, with a thriving day and night scene.
- Extremely high foot traffic from a constant flow of pedestrians, including a nightly bar and restaurant crowd.
- Excellent transit access via the 6 train at Astor Place, the N/Q/R/W, 4/5/6, L trains at Union Square-14th Street, and the F train at 2nd Ave.
- Walkable to NoHo, Greenwich Village, and the Lower East Side.
Summary
Priced at $40,000/month ($16.67/sq ft/month), this 2,400 sq ft corner retail space at 99 Second Avenue commands a premium for its size, visibility, and position in the heart of the East Village. The annualized rent of $200 per square foot reflects the high revenue potential from one of downtown’s most active and desirable commercial corridors. This opportunity is for an established, well-capitalized operator with a bold concept capable of becoming a destination. Success requires a business model that can attract the neighborhood’s discerning, trend-conscious crowd across multiple dayparts (coffee, lunch, dinner, nightlife) and generate substantial volume to support the significant occupancy cost. It’s a strategic play for a flagship presence in a perpetually vibrant neighborhood.
