Commercial Retail Space for Lease – 98 Avenue B, New York, NY 10009
Asking Rent: $25,000 / Month
Size: 1,800 SF
Price per SF: ~$167 / SF annually
Property Type: Retail / Restaurant / Showroom / Specialty Use
Status: Active
Property Overview
98 Avenue B offers approximately 1,800 SF of prime ground-floor retail space in the heart of the East Village / Alphabet City corridor, one of Manhattan’s most vibrant and high-energy neighborhoods. Located along Avenue B, the space benefits from strong pedestrian traffic, dense residential population, and proximity to popular restaurants and nightlife destinations, making it an ideal location for retail or food-and-beverage concepts.
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Key Features
- Total Size: 1,800 SF
- Asking Rent: $25,000/month ($300,000 annually)
- Price per SF: ~$167 annually
- Use Flexibility: Suitable for restaurant, café, boutique retail, specialty food, wellness retail, or showroom concepts
- Frontage: Street-level storefront with excellent neighborhood visibility
- Condition: Delivered ready for tenant build-out or light customization
Market Profile
- Target Tenants: Restaurants, cafés, boutique retailers, nightlife-adjacent concepts, wellness or beauty brands, and service-oriented businesses
- Neighborhood Demand: The East Village and Alphabet City remain high-demand retail corridors driven by nightlife, NYU, and dense residential population
- Competitive Advantage: Strong Avenue B frontage in a lively dining and nightlife corridor with steady daily and evening foot traffic
Location Advantages
- Neighborhood: East Village / Alphabet City
- Proximity: Tompkins Square Park, St. Mark’s Place, Avenue A, and Lower East Side
- Transit: Served by L train at 1st Avenue and nearby F, J, M, Z, and 6 subway lines
- Foot Traffic: Heavy mix of residents, students, and nightlife patrons throughout the day and evening
Summary
The 1,800 SF retail space at 98 Avenue B presents a strong leasing opportunity at $25,000/month (~$167/SF annually) in one of Manhattan’s most active neighborhood retail corridors. With excellent street visibility, strong pedestrian traffic, and flexible use potential, this property is well suited for retail or restaurant operators seeking a prominent East Village presence.
