Commercial Retail Lease – 2147 Second Avenue, New York, NY 10029
Asking Rent: $10,000/Month
Available Space: 1,950 SF
Location: East Harlem, Manhattan (10029)
Availability: Immediate
Property Overview
2147 Second Avenue offers 1,950 SF of ground-floor retail/commercial space in East Harlem, one of Manhattan’s fastest-growing residential and cultural neighborhoods. With its broad frontage and high visibility along Second Avenue, the property benefits from both strong local foot traffic and expanding demand from new residential developments in the area.
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The space is well-suited for restaurants, service-oriented retail, boutique fitness, or medical/community use, making it attractive to tenants seeking affordable entry into a rapidly evolving corridor.
Key Features
- Size: 1,950 SF
- Asking Rent: $10,000 per month
- Annualized Rent: $120,000
- Effective Rent per SF: ~$62/SF annually
- Configuration: Open floor layout with flexible buildout potential
- Frontage: Prominent Second Avenue exposure
- Market Segment: F&B, service retail, medical/wellness, or community-based tenants
Market Profile
- Submarket: East Harlem – diverse and evolving with strong residential growth and institutional anchors
- Demand Drivers: Growing market-rate housing pipeline, cultural institutions, retail redevelopment, and proximity to Central Manhattan
- Target Tenants: Food & beverage operators, community-focused services, health/wellness, and specialty retailers
- Competitive Advantage: Below-market $/SF for Manhattan retail with upside from neighborhood growth and 2nd Avenue Subway expansion
Financial Highlights
- Asking Rent: $10,000/Month
- Size: 1,950 SF
- Annual Rent: $120,000
- Effective Rent per SF: ~$62/SF
- Lease Type: Negotiable; long-term lease preferred
- Upside Potential: Significant rent growth expected as East Harlem continues its redevelopment trajectory
Location Advantages
- Neighborhood: East Harlem – a vibrant, mixed-use Manhattan community
- Proximity: Steps to new residential projects, 2nd Avenue retail, Central Park North, and Mount Sinai Hospital
- Transit: Near 6 train at 110th Street, multiple bus routes, and the planned 2nd Avenue Subway extension
- Tenant Demand: Strong from operators seeking affordable Manhattan rents with long-term appreciation potential
Summary
The 1,950 SF retail space at 2147 Second Avenue, East Harlem is offered at $10,000/month (~$62/SF annually). With its strong frontage, affordable rent, and location in a growing Manhattan submarket, this property represents a compelling opportunity for restaurants, retail, or service tenants to establish presence in an emerging corridor with significant upside.
