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Retail Space in Shopping Center
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505 E 116th St, New York, NY 10035

Retail space within East River Plaza, a large under-one-roof shopping destination with onsite garage parking and adjacent decks.

Property Size2,347 SF
Days on Market676

Property Features for 505 E 116th St

General Information

Standard status Active
Size 2,347 SF
Property subtype RETAIL

Additional Details

Divisible Yes

Amenities

parking garage
on-site taxi and ride share service

Building Details

Building Size 500,000 SF
Tenancy Multi
Listing Agency: RTL Partners, LLC
Listed By: Lee Block
Source: Moodyscre
Added: Sep 23, 2024 Changed: Jul 29 Last Checked: Jul 30 at 1:07PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RTL Partners, LLC

Investment Insights

Based on property information with market context.

This retail space is available for rent within East River Plaza, a one-stop household goods and apparel shopping destination. The center provides parking convenience with garage decks adjacent to the shopping levels. On the ground parking level, onsite taxi and ride-share service is available, offering multiple transportation options to and from the property.

East River Plaza serves the Harlem/Upper Manhattan communities nearby and also draws customers from across New York City, Northern New Jersey, and Westchester County.

Formerly occupied by Mattress Firm, the space also notes that vented food is permitted and flexible divisions are considered.

Key Highlights

  • Retail space at East River Plaza, a one‑roof shopping destination serving Harlem/Upper Manhattan
  • Over 500,000 SF shopping destination under one roof
  • Onsite garage parking with decks conveniently adjacent to each shopping level

Property Analytics

Current Use

Leonardo Rivera Physician Noam Spinowitz, MD Physician Harlem Endovascular - American ... Medical Clinic Joseph N. Shams, ... Physician American Fibroid Centers ... Physician

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

7,943
Businesses Nearby
Under-served
Demand for This Use

Demographics for 10035, NY

35,980
Population
16,340
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
25,700
Density / Sq Mi
$40,556
Median Household Income
$44,042
Median Earnings
$1,283
Median Rent
$663,500
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Similar Off Market Nearby

  • Celular — 3 E 116th St, New York, NY 10029
  • Party shines — 157 E 116th St, New York, NY 10029
  • Rentbrella - 340 E 117th St — 340 E 117th St, New York, NY 10035
  • Maracay — 1901 1st Ave., New York, NY 10029
  • East River Plaza — 517 E 117th St, New York, NY 10035

Frequently Asked Questions

What type of property is this?
Shopping center - Retail space within East River Plaza, a large under-one-roof shopping destination with onsite garage parking and adjacent decks.
Where is this shopping center located?
The property is located at 505 E 116th St New York, NY.
What are key features of this property?
This property features: Retail space at East River Plaza, a one‑roof shopping destination serving Harlem/Upper Manhattan; Over 500,000 SF shopping destination under one roof; Onsite garage parking with decks conveniently adjacent to each shopping level
(212) 792-2649 Call to check price and availability
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