East Village

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  • 500 E 9th St New York City New York 10009 United States
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1REC's Take
About
Occupancy
Rents
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1REC's Take
Pros

✔ Vibrant nightlife ✔ Diverse dining options ✔ Rich cultural history

Cons

✘ High noise levels ✘ Expensive rent ✘ Crowded streets

Shopper Profile

✦ Young and Hip: Attracts bohemian and alternative crowd ✦ Students and Artists: NYU proximity and creative vibes ✦ Preferences: Vintage stores, eclectic eateries, indie music spots

Successful Retail Uses:
Restaurants, Vintage Stores, Bars, Music Venues
About Location
A mecca of bohemian and alternative culture, the East Village dances to its own beat. A magnet for younger generations, it’s rife with vintage stores, eclectic eateries, and indie music spots. Given its trendy status, rents can be steep, but they vary; landlords range from old-time locals to bigger corporate entities.
Household Income in Trade Area: $90,000
Retail Sales in Trade Area: $480 million
Population in Trade Area: 100,000
Occupancy
Tenant Sales per Square Foot: $600
Occupancy Rate: 92%
Anchor Tenants: Whole Foods, Target
Tenant Rent/Sales Ratio (%): 12.5% – 25%
Rent $ / Visitor (relative cost of the foot traffic): $12 – $24
Other Notes: Data sourced from public and private records.
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Destination Rents
Average Rent (psf): $131
Median Rent (psf): $120
Rent Range (psf): $120-$137
Rent Variability: Medium
Other Notes: Data provided by Retail by MONA, a New York based brokerage firm.
Know Before You Go
Preferred ISP(s)
Spectrum, Verizon, Astound
Estimated Permit Timeline (weeks)
6-8
Landmarks Risk
Medium
Union Labor Disharmony Likelihood
Medium
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General Contractor: O'Leary Group

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Primary Landlord: NYC
Retail Type: Streets & Neighborhoods
Address: 500 E 9th St
New York City
New York
10009
United States
MSA: New York-Newark-Jersey City NY-NJ-PA

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