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    FOR LEASE
    Lifestyle centers

    517 E 117Th St, New York, NY 10035

    500,000 SF
    Property ID
    US63-1100406
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Lifestyle centers
    Total area 500,000 SF
    UPID US63-1100406
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • NYC Appliance Repair Guys Home Appliance Store
    • Marshalls Clothing & Fashion Store
    • RAC Acceptance Home Decor Store Department Store
    • East River Eye Center Eye Care Center
    • Costco Optical Department Eye Care Center
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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