Commercial Retail Space for Lease – 2118 Third Avenue, New York, NY 10029

Asking Rent: $10,000 / Month
Size: 2,000 SF
Price per SF: ~$60 / SF annually
Property Type: Retail / Restaurant / Service / Medical / Office
Location: East Harlem – Third Avenue Corridor (10029)
Availability: Immediate

Property Overview

2118 Third Avenue offers 2,000 square feet of highly visible ground-floor retail space in the heart of East Harlem’s rapidly developing commercial district. Located on a major avenue with strong foot and vehicle traffic, the space is ideal for a wide range of uses including retail, food & beverage, medical, fitness, or professional services.

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.