Commercial Space for Lease – 164 1st Avenue, New York, NY 10009
Asking Rent: $40,000 / Month
Size: 1,500 SF
Price per SF: ~$320 / SF annually
Property Type: Retail / Restaurant / Showroom / Creative Studio
Status: Active
Property Overview
164 1st Avenue offers approximately 1,500 SF of prime ground-floor commercial space in the heart of the East Village, a high-energy corridor known for its dense residential population, nightlife, and destination dining scene. Located along one of the neighborhood’s most heavily trafficked avenues, the space benefits from constant pedestrian flow and strong visibility, making it ideal for food, beverage, or experiential retail concepts.
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Key Features
- Total Size: 1,500 SF
- Asking Rent: $40,000/month ($480,000 annually)
- Price per SF: ~$320 annually
- Use Flexibility: Ideal for restaurant, café, boutique retail, fitness or wellness studio, or creative showroom
- Frontage: Prominent street-level exposure on 1st Avenue
- Condition: Delivered ready for tenant build-out and customization
Market Profile
- Target Tenants: Restaurants, cafés, cocktail bars, boutique retailers, fitness or wellness operators, and creative brands
- Neighborhood Demand: East Village remains one of Manhattan’s most active retail and F&B submarkets, driven by young professionals, NYU students, nightlife, and tourism
- Competitive Advantage: High-visibility avenue frontage with strong pedestrian traffic and brand exposure in a proven dining and nightlife corridor
Location Advantages
- Neighborhood: East Village / Alphabet City corridor
- Proximity: Tompkins Square Park, St. Mark’s Place, Avenue A nightlife, and NYU
- Transit: Close to L train at 1st Avenue and nearby F, 6, N, R, and W subway lines
- Foot Traffic: Heavy mix of residents, students, and nightlife patrons throughout the day and evening
Summary
The 1,500 SF space at 164 1st Avenue offers a premier leasing opportunity at $40,000/month (~$320/SF annually) in one of Manhattan’s most established restaurant and nightlife corridors. With strong avenue visibility, consistent pedestrian traffic, and flexible use potential, this property is well suited for food and beverage operators or retail brands seeking a flagship East Village location.
