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Greenwich Village Retail Remains Hot

NEW YORK CITY-Broker remains optimistic about the retail market here, with high activity in the Soho and Village areas, combined with few prime spaces available.

By Natalie Dolce | Updated on August 28, 2007

NEW YORK CITY-Itzhaki Properties Inc. has recently been named listing broker for 686 Broadway, and executives tell GlobeSt.com that it boasts prime retail space that is harder and harder to come by in the area. The 20,000-sf, building, at West 3rd and West 4th streets, has 41 feet of frontage shopping space.

“Retail in this area remains hot and there are few retail spaces of this size and scale directly on Broadway,” says agent Edan Cohen of Itzhaki Properties, who along with Erez Itzhaki, president of the company, is representing the seller.

Cohen tells GlobeSt.com that leasing retail space at this location is “an incredible opportunity for a retail brand to mount a presence not only in the Village, but also remain close to the signature stores of Soho.” Cohen further explains that there have already been interested buyers in the four-level space, which is within short walking distance of the New York University campus and close to many major Soho retailers such as Best Buy, Bath and Body Works, Duane Reade, Urban Outfitters, Starbuck’s, French Connection, Aldo, American Apparel and Crate & Barrel.

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