Retail

Affordable Retail Space on Fifth Avenue – 12 Fifth Avenue

Address: 12 Fifth Avenue, New York, NY, 10011
Price: $6,500/month
Square Feet: 700 SF
Type: Retail Space

Property Overview:

Located at the prestigious southern end of Fifth Avenue in Greenwich Village, 12 Fifth Avenue offers 700 SF of affordable retail space at an exceptional value. Ideal for small boutiques, coffee shops, art galleries, beauty salons, professional offices, or service-based businesses. Situated at the corner of Fifth Avenue and 8th Street, this space benefits from one of the Village’s most iconic addresses, strong foot traffic from NYU, and proximity to Washington Square Park.

Key Features:

Prime Greenwich Village Location:

• Situated on Fifth Avenue at the intersection of 8th Street — one of Greenwich Village’s most vibrant and heavily trafficked commercial corridors.
• Located in the heart of the Greenwich Village Historic District, surrounded by tree-lined streets, historic townhouses, and landmark buildings.
• Just steps from Washington Square Park, the iconic arch, and the park’s bustling daily activity — including musicians, artists, students, and residents.
• Directly adjacent to the NYU campus, with thousands of students, faculty, and staff passing by daily.
• Close to Union Square (14th Street), SoHo, NoHo, and the West Village, placing your business at the center of downtown Manhattan’s most desirable neighborhoods.
• Surrounded by beloved local institutions — including The Strand Bookstore, L’Occitane, Sephora, and numerous cafés and restaurants.

Cozy & Efficient Retail Layout:

• 700 SF of well-proportioned retail space — compact yet functional, perfect for small-format retail, intimate dining, or service-based businesses.
• Attractive storefront with excellent street-level visibility on one of the world’s most famous avenues.
• Efficient floor plan suitable for a coffee shop with limited seating, a small boutique with curated merchandise, a single-chair salon, or a professional office (e.g., therapy, real estate, law).
• At $9.29 per square foot, this represents exceptional value for a Fifth Avenue address in Greenwich Village — a rare find at this price point.

Excellent Transit Access:

• Moments from the 8th Street / NYU subway station (N, R, W) and 14th Street / Union Square (4, 5, 6, L, N, Q, R, W) .
• Close to the West 4th Street station (A, B, C, D, E, F, M) and Christopher Street station (1) .
• Multiple bus routes serve Fifth Avenue (M1, M2, M3, M5) and nearby avenues.
• Convenient for NYU students, faculty, and staff, as well as residents and visitors from across the city.

Vibrant, Diverse & High-Traffic Customer Base:

• Greenwich Village, particularly the area surrounding Washington Square Park and NYU, is one of New York City’s highest-foot-traffic neighborhoods, with a constant flow of students, professionals, tourists, and residents.
• NYU has over 50,000 students and 15,000 faculty/staff, many of whom live, study, and work within blocks of this location — creating consistent daily demand for food, coffee, services, and retail.
• Washington Square Park draws thousands of visitors daily for concerts, festivals, chess games, and people-watching, generating strong foot traffic on weekends and evenings.
• The surrounding area is home to a mix of longtime Village residents, young professionals, artists and creatives, and international tourists.
• Ideal for businesses such as:
• Coffee or bubble tea shop
• Small boutique or vintage clothing store
• Art gallery or print shop
• Beauty or nail salon
• Barbershop
• Therapy or counseling practice
• Real estate office
• Law or accounting office
• Tattoo or piercing studio
• Flower shop
• Phone or electronics repair

Highlights:
✔ 700 SF of affordable retail space on Fifth Avenue in Greenwich Village
✔ $6,500/month — exceptional value at just $9.29 per square foot
✔ Attractive storefront on one of the world’s most famous avenues
✔ Steps from Washington Square Park and NYU’s main campus
✔ Efficient, flexible layout perfect for small-format retail, coffee, or office use
✔ Surrounded by students, professionals, residents, and tourists
✔ Excellent transit access — N, R, W, 4, 5, 6, L, A, B, C, D, E, F, M
✔ Rare opportunity for a Fifth Avenue address at an affordable price

Conclusion:

12 Fifth Avenue offers a rare and exceptional opportunity for small business owners and entrepreneurs seeking affordable retail space on one of the world’s most prestigious avenues. With 700 SF of functional, flexible space, a prime Greenwich Village location steps from Washington Square Park and NYU, and access to a vibrant, diverse, and high-traffic customer base, this property is perfect for coffee shops, boutiques, salons, art galleries, or professional offices looking to establish a presence in the heart of downtown Manhattan — all at an unbeatable price point.

Contact us today to schedule a private tour and secure this premier Greenwich Village retail space!