90 Third Avenue, New York, NY 10003 – East Village / NoHo
Asking Rent: $40,000/month
Space: 1,500 sq ft
Property Type: Retail (Ground Floor)
Rent per Sq Ft: $26.67/month ($320.00/sq ft annualized)
Property Overview
This 1,500-square-foot retail space at 90 Third Avenue is a premium, high-impact opportunity at a major downtown intersection. With an asking rent of $40,000 per month, it commands a top-tier rental rate reflective of its position as a gateway to the East Village and NoHo. This space is ideal for a high-volume, destination-driven business such as a flagship restaurant, experiential retail concept, boutique fitness studio, or high-end cafe that can dominate the corner and capitalize on the area’s dense, youthful, and high-spend demographic.
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Space Highlights
- Spacious ground-floor retail space of 1,500 sq ft, likely with prominent corner frontage at Third Avenue and 12th 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 major avenues, maximizing exposure to relentless pedestrian, vehicle, and nightlife 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 experiences.
Location & Neighborhood
- Prime East Village / NoHo location at the corner of Third Avenue and 12th Street.
- Situated at a vibrant, high-energy downtown crossroads, steps from Cooper Union, NYU facilities, and the St. Mark’s Place nightlife corridor.
- Serves a dense mix of students, young professionals, creatives, and long-time residents, with a thriving 24/7 scene.
- Extremely high foot traffic from a constant flow of pedestrians, including a nightly bar and restaurant crowd.
- Excellent transit access via the L train at 3rd Ave, the N/Q/R/W, 4/5/6, L trains at Union Square-14th Street, and the 4/5/6, L trains at 14th St-Union Square.
- Walkable to Union Square, Greenwich Village, and the Lower East Side.
Summary
Priced at $40,000/month ($26.67/sq ft/month), this 1,500 sq ft corner retail space at 90 Third Avenue represents a premium investment in one of downtown’s most active and desirable commercial intersections. The annualized rent of $320 per square foot reflects the exceptional revenue potential from the area’s high-volume, high-spend customer base. This opportunity is for an established, well-capitalized operator with a proven, high-energy concept capable of becoming a neighborhood landmark. Success requires a business model that can attract the area’s 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.
