The space features an inviting frontage with strong street-level visibility along University Place, capturing the attention of the area’s dense and diverse mix of residents, NYU students, faculty, professionals, and tourists . Its efficient, open floorplan provides comfortable flexibility for a variety of boutique concepts, from curated retail and cafes to wellness studios or professional services. The interior offers a functional environment with abundant natural light, ready for tenant branding and fit-out.
Key Features
- Asking Rent: $20,000 / month
- Available Space: 950 SF
- Property Type: Ground-Floor Retail Storefront
- Lease Type: Direct Lease
- Building Class: Class B
- Ceiling Height: Approx. 10–11 FT
- Layout: Efficient, open floorplan ideal for boutique retail, cafe, or service uses
- Condition: Well-maintained; available for tenant fit-out and branding
- Frontage: Good street visibility with high foot traffic exposure from NYU and the surrounding neighborhood
- HVAC: Existing HVAC system; tenant-controlled
- Access: Direct sidewalk entry with secure storefront system
- Neighborhood Highlights: Located in the heart of Greenwich Village, steps from Union Square Park, Washington Square Park, and the NYU campus
Neighborhood Highlights
Located between East 10th Street and East 11th Street, 71 University Place places you at the dynamic crossroads of Greenwich Village and Union Square, one of Manhattan’s most iconic and desirable neighborhoods. Known for its tree-lined streets, historic townhouses, and bohemian legacy, Greenwich Village attracts a sophisticated mix of creatives, academics, families, and professionals drawn to its unique charm and unmatched urban energy .
The neighborhood is home to some of New York City’s most beloved landmarks, including Washington Square Park and Union Square Park, which serves as a community anchor and hosts the renowned Union Square Greenmarket . The area boasts a world-class dining and retail scene, with Whole Foods Market, Eataly, and countless boutique shops, cafes, and acclaimed restaurants nearby . The immediate presence of New York University ensures constant foot traffic from students, faculty, and staff, creating a loyal and engaged customer base . Nearby cultural attractions and vibrant commercial corridors provide year-round vitality and visibility.
Transportation is exceptionally convenient, with the 4/5/6, N/Q/R/W, and L trains at Union Square-14th Street, the A/C/E, B/D/F/M trains at West 4th Street, and multiple bus routes providing seamless connectivity across Manhattan and beyond .
Summary
The 950 SF retail storefront at 71 University Place, New York, NY 10003, is available for $20,000 per month under a direct lease. With its prime Greenwich Village address, boutique size, excellent street-level visibility, and unmatched access to the area’s affluent residents and student population, this property represents a compelling opportunity for specialty retailers, cafes, or service providers seeking a prestigious and high-traffic home in one of Manhattan’s most beloved neighborhoods.
