Retail

1951 Park Avenue, New York, NY 10037 – Harlem / Upper Park Avenue
Asking Rent: $40,000
Size: 1,700 sq ft
Use: Flagship Retail / Destination Restaurant / High-End Service / Gallery / Community-Anchor Business
Lease Type: Commercial Lease (Retail)
Price per Sq Ft: ~$282.35/sq ft/year | ~$23.53/sq ft/month

Property Overview

This 1,700-square-foot retail space at 1951 Park Avenue represents a significant and ambitious opportunity on Upper Park Avenue in Harlem. With an asking rent of $40,000, the space commands a very high price per square foot, reflecting its position on a prestigious, wide boulevard and its potential as a destination location within a rapidly evolving and historic neighborhood. This space is designed for an established restaurant group, upscale retailer, luxury service provider, or cultural gallery with a strong brand capable of drawing customers from across the city and serving as an anchor for the local commercial corridor.

Space Highlights

• Substantial 1,700 sq ft of ground-floor retail space on Park Avenue
• High price per square foot indicative of a premier, high-visibility location with significant redevelopment potential
• Likely features strong street frontage, high ceilings, and a prestigious building facade
• Size allows for a full-scale restaurant with ample dining space, a bar, and kitchen, or a spacious flagship store with experiential retail elements
• Suitable for a major build-out to create a landmark destination in the neighborhood

Location & Neighborhood

• Prominent location on Park Avenue between 129th and 130th Streets, in Upper Harlem
• On one of Manhattan’s most iconic and prestigious avenues, known for its grand width and median landscaping
• In a historic neighborhood undergoing significant investment and transformation, with a mix of longtime residents and new developments
• High visibility and foot traffic from local residents, commuters, and visitors exploring Harlem’s cultural revival
• Near major transportation routes and close to the 125th Street commercial corridor
• Served by subway lines (2/3 at 125th Street; 4/5/6 at 125th Street) and multiple bus lines

Summary

Offered at $40,000 per month (~$282.35/sq ft/year), this 1,700 sq ft retail space at 1951 Park Avenue is a forward-looking investment in Harlem’s future as a premier mixed-use corridor. The rent reflects the space’s potential to become a high-profile destination on a boulevard with immense branding power. This space is suited for a visionary operator with deep resources and a compelling concept—such as a fine-dining establishment, high-end boutique, or cultural institution—that aims to be at the forefront of the neighborhood’s ongoing evolution while serving both the local community and a broader citywide clientele.