517 E 117Th St, New York, NY 10035
For Lease
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This exceptional East Harlem shopping center, located at 517 E 117th St, New York, NY 10035, offers 500,000 square feet of retail space. Seven suites are available, ranging from 1,691 to 16,998 contiguous square feet, with a total of 43,770 square feet currently vacant. The property sits on a six-acre lot and boasts ample parking with 1,200+ spaces conveniently located adjacent to each shopping level. Its strategic location serves the Harlem/Upper Manhattan communities, drawing customers from all five boroughs of New York City, Northern New Jersey, and Westchester County. The center is a premier destination for household goods and apparel, offering shoppers a one-stop shopping experience. Convenient on-site taxi and ride-sharing services further enhance accessibility. This is a unique opportunity to acquire a significant retail presence in a thriving New York City market. The property is situated in New York County and offers multiple tenancy options. This established shopping center provides a strong foundation for immediate occupancy and future growth. The substantial parking capacity ensures convenient access for customers, contributing to a positive shopping experience.
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NYC Appliance Repair Guys Home Appliance Store
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Marshalls Clothing & Fashion Store
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RAC Acceptance Home Decor Store Department Store
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East River Eye Center Eye Care Center
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Costco Optical Department Eye Care Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.