With a wide floor plate, flexible layout, and direct street frontage, the property is well-positioned for operators seeking an affordable, high-exposure Manhattan location.
Key Features
- Total Size: 2,000 SF
- Asking Rent: $10,000/month ($120,000 annually)
- Price per SF: ~$60 annually
- Use Flexibility: Retail, food, café/bakery, grocery, salon/barbershop, medical, wellness, office, or specialty services
- Frontage: Strong Third Avenue exposure
- Layout: Open configuration suitable for custom buildout
- Condition: Ready for tenant improvements
- Neighborhood Style: Heavy residential density + expanding commercial demand
Market Profile
Target Tenants:
- Restaurants / cafés / juice bars
- Retail / convenience shops / specialty stores
- Medical or dental offices
- Beauty, spa, or wellness businesses
- Fitness or boutique training studios
- Professional services
Neighborhood Demand:
East Harlem continues to grow with new residential developments, national retailers, and local businesses expanding throughout the Third Avenue corridor. Ongoing investment has made the area one of Manhattan’s strongest emerging retail markets.
Competitive Advantage:
At $10,000/month for 2,000 SF, the space offers excellent affordability compared to similar-size storefronts further downtown—while still benefiting from heavy traffic and strong community demand.
Financial Highlights
- Monthly Rent: $10,000
- Annual Rent: $120,000
- Price per SF: ~$60 annually
- Lease Terms: Direct lease; flexible terms available
- Additional Charges: Utilities and possible tax/maintenance pass-throughs (to confirm with landlord)
Location Advantages
Neighborhood: East Harlem – 10029
Proximity:
- Minutes from 125th Street retail hub
- Close to local schools, community centers, and new residential developments
- Near major retailers, supermarkets, and services
- Dense local customer base plus commuter traffic
Transit:
- 4/5/6 trains at 125th Street & Lexington
- M101, M102, M103 buses along Third Avenue
- Convenient access to FDR Drive
Foot Traffic:
- Heavy daily activity from residents, workers, and shoppers
- Strong weekend and evening population
Summary
The 2,000 SF storefront at 2118 Third Avenue offers exceptional visibility and flexibility at $10,000/month (~$60/SF annually). Perfect for retail, food, service, medical, or office use, this space provides an outstanding value in a high-density, high-demand East Harlem location with strong growth momentum.
