70 East 1st Street

East Village restaurant for lease, 500 SF turnkey second-generation space on 70 E 1st St

The opportunity

Positioned in the heart of the East Village, Manhattan, this restaurant for lease offers a compact, efficient 500 SF footprint with a true turnkey setup. Offered as a lease assignment, the space is second-generation, move-in ready, and well suited for an operator seeking a fully built restaurant presence in one of downtown Manhattan's most active dining corridors.

Formerly Cafe La Fe, the space comes with equipment included, giving incoming tenants a practical path to opening with an existing restaurant layout already in place.

• Lease assignment
• Full restaurant
• Non-hooded setup
• 500 SF
• $6,500/month rent
• Turnkey / fully equipped
• Second-generation
• Move-in ready

Location

Located at 70 E 1st St, New York, NY, between First Avenue and Second Avenue, this East Village address places the business in a dense, highly walkable neighborhood known for steady local traffic, nearby nightlife, and a strong mix of residential and destination dining.

The site is also just steps from the F train at 2nd Avenue, adding convenient subway access for staff and customers.

• East Village, Manhattan
• Between First Ave and Second Ave
• Steps from the F train at 2nd Avenue
• Prime downtown neighborhood with established restaurant demand

Space & infrastructure

This fully equipped restaurant space is designed for operators who value efficiency and a straightforward transition. The existing improvements support a range of non-hooded food and beverage concepts, with core infrastructure already in place.

• Equipment included
• Three-compartment sink
• Existing restaurant build-out
• Compact layout suitable for streamlined service
• Move-in ready second-generation condition

Lease terms

For tenants seeking a restaurant for lease in the East Village, this offering combines a manageable footprint with a proven restaurant location and built-in infrastructure.

• Rent: $6,500/month
• Listing type: Lease Assignment
• Property type: Full Restaurant
• Ventilation: Non-Hooded