Commercial Retail Space for Lease – 23 W 116th Street, New York, NY 10026
Asking Rent: $25,000 / Month
Size: 2,400 SF
Price per SF: ~$125 / SF annually
Property Type: Retail / Restaurant / Showroom / Specialty Use
Status: Active
Property Overview
23 West 116th Street offers approximately 2,400 SF of ground-floor retail space in the heart of Harlem, one of Manhattan’s busiest and most established commercial corridors. Located along 116th Street near major retail and residential density, the property benefits from strong pedestrian traffic and excellent visibility, making it an ideal location for retail or food-and-beverage concepts.
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Key Features
- Total Size: 2,400 SF
- Asking Rent: $25,000/month ($300,000 annually)
- Price per SF: ~$125 annually
- Use Flexibility: Suitable for restaurant, café, boutique retail, specialty food, wellness retail, or showroom concepts
- Frontage: Street-level storefront with strong neighborhood exposure
- Condition: Delivered ready for tenant build-out or light customization
Market Profile
- Target Tenants: Restaurants, cafés, national or regional retailers, grocery or specialty food operators, wellness or beauty brands, and service-oriented businesses
- Neighborhood Demand: Harlem retail corridors remain high-demand due to dense residential population, strong local commerce, and growing tourism
- Competitive Advantage: Large-format retail footprint in a high-traffic Harlem corridor with excellent visibility and transit access
Location Advantages
- Neighborhood: Harlem / South Harlem
- Proximity: Marcus Garvey Park, Whole Foods Market (125th Street), and major national retailers along 125th Street
- Transit: Served by 2, 3, B, C, and local bus lines nearby
- Foot Traffic: Heavy mix of residents, commuters, shoppers, and students throughout the day
Summary
The 2,400 SF retail space at 23 West 116th Street presents a strong leasing opportunity at $25,000/month (~$125/SF annually) in one of Harlem’s most active retail corridors. With strong street presence, steady foot traffic, and flexible use potential, this property is well suited for retail or restaurant operators seeking a prominent Upper Manhattan location.
