The surrounding neighborhood is experiencing significant redevelopment and residential growth, creating demand for essential retail, medical, and lifestyle services.

Key Features

• Total Size: 1,500 SF
• Asking Rent: $30,000/month ($360,000 annually)
• Price per SF: ~$240 annually
• Frontage: Madison Avenue exposure with strong community visibility
• Use Flexibility: Retail, boutique medical office, wellness, fitness, or local services
• Condition: Ready for tenant customization

Market Profile

• Target Tenants: Urgent care, dental/medical, boutique fitness, grocery, pharmacy, community services, or lifestyle retail
• Neighborhood Demand: East Harlem has a dense residential base with limited premium retail options, making it attractive for essential and service-based tenants
• Competitive Advantage: Significantly lower $/SF than prime Upper East Side Madison Avenue (which often exceeds $300–$600/SF), while still benefiting from avenue frontage and growth trends

Financial Highlights

• Monthly Rent: $30,000
• Annual Rent: $360,000
• Price per SF: ~$240 annually
• Lease Terms: Direct lease, negotiable
• Upside Potential: Attractive positioning for service-based tenants and local retail as neighborhood demand continues to grow

Location Advantages

• Neighborhood: East Harlem / Madison Avenue corridor
• Proximity: Close to Mt. Sinai Hospital, Central Park North, and 125th Street retail hub
• Transit: 4/5/6 subway lines nearby, multiple bus routes, strong pedestrian and vehicular visibility
• Foot Traffic: Local residents, hospital/medical professionals, and commuter flow

Summary

The 1,500 SF space at 1642 Madison Avenue is a strategic East Harlem retail/medical opportunity, priced at $30K/month (~$240/SF annually). With strong residential density, medical proximity, and redevelopment momentum, it is ideally positioned for essential retail, boutique medical, or lifestyle tenants looking to capture growing neighborhood demand at accessible pricing.