Retail

116-118 West 116th Street, New York, NY 10026 – Central Harlem
Asking Rent: $7,500
Size: 850 sq ft
Use: Neighborhood Retail / Restaurant / Cafe / Boutique / Community-Focused Business
Lease Type: Commercial Lease (Retail)
Price per Sq Ft: ~$105.88/sq ft/year | ~$8.82/sq ft/month

Property Overview

This 850-square-foot retail space on West 116th Street offers a prominent storefront opportunity in the historic and bustling heart of Central Harlem. With an asking rent of $7,500, the space reflects a premium price per square foot, indicative of its location on a key commercial corridor with high visibility and strong community foot traffic. This space is ideal for a restaurant, specialty cafe, boutique, or service business looking to become a neighborhood anchor in an area rich with cultural heritage and economic revitalization.

Space Highlights

• Versatile 850 sq ft of ground-floor retail space, suitable for dining, retail, or personal services
• High price per square foot reflects demand for well-positioned retail in a thriving Harlem commercial district
• Likely features classic Harlem storefront architecture with street presence and potential for outdoor seating
• Space can accommodate a full kitchen for a restaurant or an open layout for retail
• Suitable for an established operator or entrepreneur with a concept that resonates with the local community

Location & Neighborhood

• Prime Central Harlem location on West 116th Street, between Malcolm X Blvd (Lenox Ave) and 7th Ave (Adam Clayton Powell Jr. Blvd)
• In the heart of a historic neighborhood undergoing continuous renewal, known for its cultural landmarks, vibrant street life, and community pride
• High foot traffic from local residents, tourists visiting historic sites, and students from nearby City College
• Surrounded by renowned restaurants, cultural institutions like the Apollo Theater, and community-focused businesses
• Excellent access to subway lines (2/3 at 116th Street; B/C at 116th Street)
• Close to Morningside Park and the campus of Columbia University

Summary

Offered at $7,500 per month (~$105.88/sq ft/year), this 850 sq ft retail space at 116-118 West 116th Street is a significant opportunity for a business aiming to serve and become part of Central Harlem’s dynamic fabric. The rent is justified by the location’s visibility, cultural significance, and steady customer base. This space is best suited for an operator with a strong concept—such as a soul food restaurant, coffee shop, boutique, or gallery—that honors the neighborhood’s heritage while appealing to its evolving demographic, making it a destination for both locals and visitors.