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Vacant Corner Retail Building
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1856 Park Avenue, New York City, NY 10035

New construction retail with multi-sided natural light and high ceilings, supported by adjacent surface lot access.

Space Size1,595 SF - 9,046 SF
Property Size23,995 SF
Days on Market64

Property Features for 1856 Park Avenue

General Information

Standard status Active
Size 1,595 SF - 9,046 SF
Property subtype Retail

Building Details

Building Size 23,995 SF
Year Built 2024
Tenancy Multiple

Spaces For Lease

at 1856 Park Avenue Contact us

Ground Floor

Size
9,046 SF
Type
Retail
Availability
Active
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Lower Level

Size
7,408 SF
Type
Retail
Availability
Active
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Mezzanine

Size
5,946 SF
Type
Retail
Availability
Active
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Second Floor

Size
1,595 SF
Type
Retail
Availability
Active
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Listing Agency: Newmark - New York Headquarters
Listed By: Ravi Idnani · License #NY
Source: Crexi
Added: Jun 9 Changed: Aug 8 Last Checked: Aug 10 at 5:44AM

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 Newmark - New York Headquarters

Investment Insights

Based on property information with market context.

A new construction, vacant retail property located at the southwest corner of East 127th Street. The space offers ceiling heights ranging from 18'9" to 38'6" and natural light on three sides, with the building designed for practical retail and flexible use. Logical divisions within the space are under consideration, supporting a range of tenant layouts.

The site sits directly across the street from the 125th Street Metro North Station and is also within two blocks of the 4, 5, and 6 subway lines, with reported annual ridership of 15M and 4.5M, respectively. Nearby anchors include the Mount Sinai Philips School of Nursing (one block away) and the New York Proton Center (two blocks away).

Adjacent to the retail space is a 10,000 square foot surface lot that is next to and accessible from the property, creating convenient on-site options for loading and parking. The lot also supports outdoor use such as a dedicated playground/park or outdoor seating for events, which can be helpful for tenants seeking both indoor flexibility and usable exterior space. The configuration is positioned to support uses such as supermarket, education, medical, fitness, museum, or entertainment space, based on the stated tenant fit.

Key Highlights

  • Vacant new construction retail on the southwest corner of E 127th St at 1856 Park Avenue (East Harlem), built in 2024.
  • Ceiling heights range from 18'9" to 38'6" with natural light on three sides.
  • Across from 125th Street Metro‑North Station (15M annual ridership).

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Acupuncture Skin Care Clinic Accounting Firm Computer & Electronic Repair

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

8,927
Businesses Nearby

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

Lease Benchmarks for New York City, NY

$70.65 /SF/Yr
Avg Asking Price
$12–$200 /SF/Yr
Price Range
5,957 SF
Avg Space Size

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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Frequently Asked Questions

What type of property is this?
Retail space - New construction retail with multi-sided natural light and high ceilings, supported by adjacent surface lot access.
Where is this retail space located?
The property is located at 1856 Park Avenue New York City, NY.
What are key features of this property?
This property features: Vacant new construction retail on the southwest corner of E 127th St at 1856 Park Avenue (East Harlem), built in 2024.; Ceiling heights range from 18'9" to 38'6" with natural light on three sides.; Across from 125th Street Metro‑North Station (15M annual ridership).
More about this property
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