West Village

2 Reviews
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  • 45 Perry St New York City New York 10014 United States
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1REC's Take
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Occupancy
Rents
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1REC's Take
Pros

✔ Charming, historic architecture ✔ High foot traffic and vibrant nightlife ✔ Wide variety of dining and boutique shopping

Cons

✘ Expensive rent and property prices ✘ Crowded streets ✘ Limited parking options

Shopper Profile

✦ Affluent Residents: High-income individuals and families ✦ Tourists: Visiting cultural and historic sites ✦ Preferences: Boutique shopping, fine dining

Successful Retail Uses:
High-End Fashion, Restaurants, Cafes, Boutiques
About Location
An artistic enclave with historic charm, the West Village weaves cobblestone streets with modern sophistication. Attracting a cultured crowd that appreciates fine dining, artisan boutiques, and intimate music venues, its retail mix is eclectic and upscale. Rents here come at a premium, and the landscape is dotted with both local and prominent landlords.
Household Income in Trade Area: $150,000
Retail Sales in Trade Area: $1.98 billion
Population in Trade Area: 200,000
Occupancy
Tenant Sales per Square Foot: $1,100
Occupancy Rate: 95%
Anchor Tenants: Stonewall Inn, Magnolia Bakery
Tenant Rent/Sales Ratio (%): 22.7% – 45.5%
Rent $ / Visitor (relative cost of the foot traffic): $45 – $90
Other Notes: Data sourced from public and private records.
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Destination Rents
Average Rent (psf): $158
Median Rent (psf): $146
Rent Range (psf): $146-$204
Rent Variability: High
Other Notes: Data provided by Retail by MONA, a New York based brokerage firm.
Know Before You Go
Preferred ISP(s)
Spectrum, Verizon, RCN
Estimated Permit Timeline (weeks)
6-8
Landmarks Risk
High
Union Labor Disharmony Likelihood
Medium
Recommended Vendors' Links 🔗

Local Broker: Retail by MONA

Building Surveyor: DrafterMax

Permit Expeditor: Paul Fusco Consulting

Licensed Architect: Prose Architecture

Store Designer: Be Featured! Contact Us

Real Estate Attorney: Be Featured! Contact Us

General Contractor: O'Leary Group

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Photos
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Reviews

2 Reviews on “West Village”

Overall rating
Parking
Foot Traffic
Cleanliness
Safety
  • clicks2bricksguy
    Parking
    Foot Traffic
    Cleanliness
    Safety

    Anyone know how successful / profitable brands are here? Bleecker St sounds like the move but it’s expensive.

     Reply
  • dtcretailer24
    Parking
    Foot Traffic
    Cleanliness
    Safety

    Hudson Street for bars and food, Bleecker St for shopping. That said, there’s high turnover on the latter. Rents are still pretty high, and while there are locals and some tourists, it doesn’t seem to be paying the rents. Leap retail has a lot of the leases here, and offer flexible retail-as-a-service subleases that could be worth expliring.

     Reply

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Primary Landlord: NYC
Retail Type: Streets & Neighborhoods
Address: 45 Perry St
New York City
New York
10014
United States
MSA: New York-Newark-Jersey City NY-NJ-PA
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