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5 E. 16th St. Ground Floor Retail Space

  • Usage: Retail
  • Type: Sale
  • Floor: 1st Floor
  • Size: 4,000 SQFT
  • Price: $5,950,000
  • Term: For Sale
Ground-floor commercial condominium ownership opportunity positioned in the heart of the Flatiron District, offering exceptional visibility and flexibility for retail, showroom, gallery, hospitality, wellness, fitness, luxury service, or experiential commercial use. The property combines strong street presence with dramatic interior volume, creating a highly adaptable environment capable of supporting a wide range of business concepts. Ownership provides long-term control in one of Manhattan’s most sought-after commercial corridors, surrounded by established retailers, office buildings, residential developments, and continuous pedestrian activity.

A prominent storefront entrance leads directly into a large open retail environment characterized by expansive ceiling heights, substantial width, and an unobstructed floorplate. The front portion of the premises serves as an ideal customer-facing area where merchandise displays, product demonstrations, reception functions, gallery installations, showroom presentations, or hospitality seating can be positioned for maximum visibility. Large storefront glazing strengthens the connection between the interior and the street while allowing daylight to penetrate deep into the premises.

Moving deeper into the space, the floorplan expands into a broad open commercial area that can accommodate a variety of layouts. The generous dimensions support retail merchandising, exhibition space, fitness operations, event programming, collaborative showroom environments, or customer engagement zones. Structural elements are positioned efficiently, preserving flexibility and allowing future ownership to customize the premises without compromising circulation.

Architectural details contribute significantly to the property’s appeal. Elevated sections connected by decorative stair elements create visual interest and introduce opportunities for differentiated display zones, lounge areas, presentation spaces, or branded environments. High ceilings, exposed building systems, and contemporary finishes reinforce the modern character of the space while maintaining flexibility for future design concepts.

Additional areas along the perimeter can be adapted for private offices, consultation rooms, storage, inventory management, treatment suites, staff operations, back-of-house functions, or administrative support depending on the intended use. The layout allows customer-facing activities to remain separate from operational functions while preserving efficient movement throughout the premises.

Surrounded by some of Manhattan’s most vibrant retail, restaurant, office, and residential destinations, the property benefits from strong demographics, excellent accessibility, and year-round pedestrian traffic. The combination of ownership, ground-floor positioning, substantial open space, dramatic ceiling heights, and exceptional Flatiron District visibility creates a compelling opportunity for businesses seeking a flagship commercial presence in a premier Manhattan location.


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5 E. 16th St., New York, NY 10003

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