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5 E 3rd St

Bowery, New York, NY
Floors
9
Total Size
16,493 sqft
Lot Size
0 acres
Zoning
Year Constructed
1920
Year Renovated
0
Number of Buildings
1

Features

Close To Public Transit

About 5 E 3rd St

Located between Bowery and 2nd Avenue and directly opposite from the Bowery Hotel, 5 East 3rd Street is prefect for tenants looking to rent office space or a retail unit in New York's vibrant East Village neighborhood.

Built in 1920, the 9-story mixed-usage building boasts windows to the rear and front, ideal for galleries, non-profits and creative professionals looking to rent commercial space with a storefront, an abundance of natural light and excellent public transport connections, for 5 East 3rd Street is convenient for 45 bus routes and ca. 20 of New York's rail and subway lines.

Boasting 12' ceilings, 5 East 3rd Street also houses luxurious condos, all of them worth more than $1 million, showing the continued affection New York's professionals have for the East Village.

The nearest subway connections are accessible at 6th and 3rd Street station, just a five minute walk away. The property is within walking distance of 20 grocery stores and supermarkets, 2 gas stations and 20 bank branches.

The attractive gray facade of 5 East 3rd Street in New York displays early Art Deco design elements that make this an eye-catching and elegant business address for retailers and office-based tenants alike.

Companies at 5 E 3rd St

4th Street Food Co-Op Grocery Or Supermarket Food Store Health
The Bowery Hotel Lodging
Gemma Bar Restaurant Food
Hecho En Dumbo Bar Restaurant Food
Phebe's Bar Restaurant Food
Great Jones Cafe Restaurant Food
Good Records NYC Store

Internet Providers for 5 E 3rd St

Provider Technology Max Download Speed Max Upload Speed
Time Warner Cable Cable
100 Mb/s
6 Mb/s
MegaPath DSL
50 Mb/s
50 Mb/s
Verizon New York DSL
10 Mb/s
1.5 Mb/s

The Neighborhood: Bowery

On average, listings lease in the $80's per square foot per year. The Bowery submarket is experiencing a decline in rates. In the last 3 months, the median rate fell $15 per sqft per year. That's a 15% decrease in rent.

Compared to the rest of the New York City market, the Bowery submarket has more expensive rates, and you'll need to make a great offer to be in this hot region.

Median Rate Median Size
Bowery $85
/sqft/yr
3,000
sqft
Median Rate Median Size
New York City $66
/sqft/yr
3,372
sqft

Median Rate over Time in Bowery