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Retail Space with Basement
For Lease
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51 University Place, New York, NY 10003

The compact storefront combines customer-facing ground-floor space with additional area below grade.

Space Size400 SF
Property Size800 SF
Days on Market16

Property Features for 51 University Place

General Information

Standard status Active
Size 400 SF
Net Rentable 800 SF
Property subtype Retail

Additional Details

Available Space 800 SF

Spaces For Lease

at 51 University Place Contact us

Basement Active

Size 400 SF
Contact us

Ground Floor Active

Size 400 SF
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Listing Agency: RTL Partners, LLC
Listed By: Steven E. Baker · License #NY
Source: Crexi
Added: Sep 17 Changed: Sep 26 Last Checked: Oct 1 at 10:14AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RTL Partners, LLC

Investment Insights

Based on property information with market context.

This retail space at 51 University Place offers 800 SF across two levels: 400 SF on the ground floor and 400 SF in the basement. The layout pairs street-level space with a separate below-grade area, providing a defined storefront configuration.

The property is in Union Square, between East 9th and East 10th Streets. Nearby businesses include Glaze, Sweetgreen, Chipotle, Bagel Bob's, Santo Taco, Starbucks, Madman Espresso, and Aesop.

Key Highlights

  • 800 SF divided evenly between the ground floor and basement
  • 15 FT of frontage on University Place
  • Located between East 9th and East 10th Streets in Union Square

Property Analytics

Current Use

Bagel Bob's (Bike/Boat/Book/etc) Store Anthology Floral Design (Bike/Boat/Book/etc) Store Esquire Floral Designs ... (Bike/Boat/Book/etc) Store Kettykiss Nail Studio Nail Salon Washington Square Outdoor ... Art Gallery

Suggested Use

Top Pick Nursing Home Auto Parts Store Buffet Adult Day Care Pet Grooming Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

35,753
Businesses Nearby

Demographics for 10003, NY

57,076
Population
30,730
Households
1.9
Avg Household Size
32
Median Age
82%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
95,127
Density / Sq Mi
$153,750
Median Household Income
$82,560
Median Earnings
$2,772
Median Rent
$1,137,000
Median Home Value

Market

Lease Benchmarks for New York, NY

$42.29 /SF/Yr
Avg Asking Price
$12–$84 /SF/Yr
Price Range
4,971 SF
Avg Space Size

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - The compact storefront combines customer-facing ground-floor space with additional area below grade.
Where is this retail space located?
The property is located at 51 University Place New York, NY.
What are key features of this property?
This property features: 800 SF divided evenly between the ground floor and basement; 15 FT of frontage on University Place; Located between East 9th and East 10th Streets in Union Square
(212) 792-2600 Call to check price and availability
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