Commercial Lease – 305 East 109th Street, New York, NY 10029
Asking Rent: $10,000/Month
Size: 900 SF
Lease Type: Retail
Property Type: Ground-Floor Retail Space
Location: East Harlem (10029)
Availability: Immediate
Property Overview
305 East 109th Street offers a 900 SF boutique retail space in East Harlem, a neighborhood experiencing strong residential growth, cultural vibrancy, and evolving retail demand. The property benefits from proximity to major avenues, schools, and community institutions, providing steady foot traffic throughout the day.
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Its scale makes it an excellent fit for food & beverage, convenience, wellness, or service-based tenants seeking a neighborhood storefront with approachable rent.
Key Features
- Total Size: ≈900 SF
- Asking Rent: $10,000/Month
- Annualized Rent: ≈$120,000
- Effective Rent per SF: ≈$133/SF annually
- Frontage: Neighborhood storefront visibility with branding and signage opportunity
- Configuration: Compact, efficient layout adaptable for café, quick-service dining, boutique retail, or service use
- Building: Mixed-use property with active residential and neighborhood co-tenancy
Lease & Terms
- Base Rent: $10,000/Month (~$133/SF/YR)
- Term: Negotiable (short- or long-term options)
- Availability: Immediate / By agreement
- Due at Signing: First month + security deposit; tenant financials required
- Tenant Responsibilities: Utilities, RE tax, and standard retail lease obligations
Market Profile
- Location Advantage: Situated in East Harlem near Lexington and 2nd Avenues, with growing residential density and neighborhood demand.
- Transit Access: Close to 110th Street–Lexington Avenue (6), 103rd Street (6), and 2nd Avenue bus routes; future 2nd Avenue Subway expansion will further enhance connectivity.
- Neighborhood Demand: Popular with QSR, coffee shops, wellness services, and essential retail operators serving both long-term residents and new arrivals.
- Competitive Advantage: Rare sub-1,000 SF East Harlem storefront at an affordable rent level with steady community-driven demand.
Summary
The 900 SF retail space at 305 East 109th Street, New York, NY 10029 is offered at $10,000/Month (~$133/SF annually). With its approachable size, neighborhood location, and East Harlem growth trajectory, this property is a strong opportunity for local-serving retail or food operators.
