Retail

Affordable Retail Space in the East Village – 35 E 1st Street, East Village

Address: 35 East 1st Street, New York, NY, 10003
Price: $5,000/month
Square Feet: 650 SF
Type: Retail Space

Property Overview:

Located on East 1st Street in the heart of the East Village — one of downtown Manhattan’s most vibrant, authentic, and culturally rich neighborhoods — 35 E 1st Street offers 650 SF of affordable retail space at exceptional value for this prime location. Ideal for coffee shops, beauty salons, barbershops, small boutiques, art galleries, or service-based businesses. Situated between First Avenue and Second Avenue, this space benefits from strong foot traffic from local residents, NYU students, artists, musicians, and visitors drawn to the East Village’s legendary dining, nightlife, and independent boutiques, as well as proximity to Tompkins Square Park.

Key Features:

Prime East Village / Alphabet City Location:

• Situated on East 1st Street, a quiet, tree-lined residential block in the heart of the East Village — one of downtown Manhattan’s most vibrant, culturally rich, and historically significant neighborhoods, known for its punk rock history, street art, community gardens, independent boutiques, legendary nightlife, and world-class dining.
• Located between First Avenue and Second Avenue, placing your business in a densely populated residential and commercial corridor with strong community ties and steady foot traffic from local residents, students, artists, and musicians.
• Just steps from Tompkins Square Park (7th-10th Streets between Avenues A and B), a beloved neighborhood hub featuring a farmers’ market (Sundays), dog run, playgrounds, concerts, and community events — generating strong foot traffic from dog walkers, families, skateboarders, and park visitors.
• Minutes from St. Mark’s Place (8th Street), First Avenue, Second Avenue, Ludlow Street, and the Lower East Side — all lined with boutiques, restaurants, bars, music venues, and nightlife.
• Short walk to the East River Promenade, offering beautiful waterfront walking, running, and biking paths with stunning views of the Williamsburg Bridge and Brooklyn.

High-Traffic, 24/7 Neighborhood:

• The East Village is a true 24/7 neighborhood, with strong foot traffic from residents, NYU students, artists, musicians, young professionals, families, and tourists at all hours.
• Tompkins Square Park draws daily visitors from dog walkers, families, skateboarders, and visitors attending the weekly farmers’ market, concerts, and community events.
• Strong daytime foot traffic from residents and NYU students, plus strong evening and weekend traffic from the area’s renowned bars, restaurants, and music venues — making this a true 24/7 destination.
• The neighborhood’s independent, anti-chain ethos makes it ideal for unique, locally-owned businesses that offer authenticity, creativity, and personalized service.

Compact & Efficient Retail Layout – 650 SF:

• 650 SF of well-proportioned retail space — ideally sized for a coffee shop, beauty salon, barbershop, small boutique, or art gallery.
• Attractive storefront with good street-level visibility on East 1st Street, a quiet but convenient residential block with steady local foot traffic.
• Functional floor plan suitable for a coffee counter with limited seating, a salon with 2-3 stations, or a small retail boutique with curated merchandise.
• Large windows providing abundant natural light and prime window display opportunities.
• Potential for original architectural details such as exposed brick, tin ceilings, or hardwood floors — adding authentic East Village character.
• At $7.69 per square foot, this represents exceptional value for retail space in this prime East Village location.

Exceptional Value – Under $7.70 per Square Foot:

• At $7.69 per square foot, this is an extraordinary value for retail space in the East Village, one of Manhattan’s most desirable and expensive downtown neighborhoods.
• The combination of price, location, space, and neighborhood character makes this an unparalleled opportunity for small business owners and entrepreneurs.

Excellent Transit Access:

• Moments from the First Avenue subway station (L) , providing a direct connection to 14th Street, Union Square, Williamsburg, and Bushwick.
• Close to the 2nd Avenue station (F) , Astor Place station (6) , 8th Street/NYU station (N, R, W) , and 14th Street/Union Square station (4, 5, 6, L, N, Q, R, W) .
• Multiple bus routes serve First Avenue, Second Avenue, and 14th Street (M9, M14, M15, M8).
• Convenient for East Village residents, NYU students and faculty, artists, and commuters from across the city and Brooklyn.

Diverse, High-Traffic Customer Base:

• Local residents — dense, diverse community of the East Village, including young professionals, families, artists, musicians, and longtime residents.
• NYU students — over 50,000 students and thousands of faculty/staff at NYU, many of whom live, study, and socialize within walking distance of the East Village.
• Tompkins Square Park visitors — daily visitors to the park, including dog walkers, families, skateboarders, and attendees of the weekly farmers’ market, concerts, and community events.
• Nightlife and dining crowd — the East Village is famous for its legendary bars, restaurants, music venues, and nightlife, drawing visitors from across the city and around the world.
• Ideal for businesses such as:
• Coffee shop or bubble tea shop
• Beauty or nail salon
• Barbershop
• Small boutique or concept store
• Art gallery or frame shop
• Tattoo or piercing studio
• Pet supply or grooming
• Flower shop

Highlights:
✔ 650 SF of affordable retail space in the East Village
✔ $5,000/month — exceptional value at just $7.69 per square foot
✔ Attractive storefront with good visibility on a quiet residential block
✔ Steps from Tompkins Square Park, St. Mark’s Place, and NYU
✔ Functional, flexible layout perfect for coffee shop, salon, barbershop, or boutique
✔ Strong, diverse, 24/7 foot traffic — residents, students, artists, and visitors
✔ Excellent transit access — L, F, 6, N, R, W, 4, 5, Q trains

Conclusion:

35 E 1st Street offers an exceptional opportunity for small business owners and entrepreneurs seeking affordable, well-located retail space in the heart of the East Village — one of downtown Manhattan’s most vibrant, culturally rich, and historically significant neighborhoods. With 650 SF of functional, flexible space, a prime East 1st Street location steps from Tompkins Square Park and NYU, and access to a loyal, high-traffic customer base of residents, students, artists, musicians, and visitors, this property is perfect for coffee shops, beauty salons, barbershops, small boutiques, or art galleries looking to thrive in a neighborhood known for its independent spirit, creative energy, and legendary street life — all at an extraordinary value of just $7.69 per square foot.

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