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

Successful Retail Uses:
Grocery Stores, Local Restaurants, Community Shops
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.
Household Income in Trade Area: $60,000
Retail Sales in Trade Area: $150 million
Population in Trade Area: 500,000
Occupancy
Tenant Sales per Square Foot: $600
Occupancy Rate: 85%
Anchor Tenants: Target, Costco
Tenant Rent/Sales Ratio (%): 8% – 25%
Rent $ / Visitor (relative cost of the foot traffic): $2.50 – $7.50
Other Notes: Data sourced from public and private records.
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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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Primary Landlord: NYC
Retail Type: Streets & Neighborhoods
Address: 2205 2nd Ave
New York City
New York
10029
United States
MSA: New York-Newark-Jersey City NY-NJ-PA
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