East Harlem

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  • 2205 2nd Ave New York City New York 10029 United States
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1REC's Take
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Occupancy
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1REC's Take
Pros

✔ High Foot Traffic ✔ Historical Charm ✔ Diverse Retail and Dining Options

Cons

✘ Lower Income Demographics ✘ Higher Crime Rates ✘ Limited High-End Retail

Shopper Profile

✦ Local Families: Long-term residents with cultural ties ✦ Young Newcomers: Students and professionals ✦ Preferences: Local bodegas, cultural spots, emerging chains

About Location
Located in the heart of uptown, East Harlem boasts a rich cultural vibe. It’s frequented by a mix of local families and younger newcomers. The streets are lined with local bodegas, cultural art spots, and emerging chain stores. The rents are relatively more affordable, and the area is overseen by local landlords, with some institutional interest creeping in.
Trade Area Summary

Basic Demographics

Median Household Income: $62,085
Consumer Expenditure: $56,766,555,334
Population: 1,919,224
Daytime Population: 1,686,024
Source Notes: Data reflects 20 minute drive times as of Q3 2023 (Experian) and is provided by Dallimore & Co, a boutique advisory firm specializing in growth strategy, real estate solutions, and M&A for specialty retail and consumer brands.

Household Segment Breakdown

Segment #1: I – Young Urban Singles (52%)
Segment #2: Q – City Hopefuls (46%)
Segment #3: G – Educated Urbanites (1%)
All Other Segments: 1%

Source Notes: Segment data reflects 0.25mi radius and is provided by Spatial.ai, an AI-Powered segmentation platform for retail marketers.

Occupancy
Tenant Sales per Square Foot: $600
Occupancy Rate: 85%
Anchor Tenants: Target, Costco
Tenant Rent/Sales Ratio (%): 8% – 25%
Rent $ / Visitor: $2.50 – $7.50
Source Notes: Data sourced from public and private records.
Know Before You Go
Preferred ISP(s)
Verizon, Spectrum, Optimum
Estimated Permit Timeline (weeks)
6-8
Landmarks Risk
Medium
Union Labor Disharmony Likelihood
High
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MSA: New York-Newark-Jersey City NY-NJ-PA
Address: 2205 2nd Ave
New York City
New York
10029
United States
Place Tags: NYC
Website
Retail Type: Streets & Neighborhoods

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