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East River Plaza 517 E 117th St 55,000 sq ft of 4-Star Retail Space Available in New York, NY 10035
SUBLEASE HIGHLIGHTS
- Vertical Power Center in East Harlem with Multi-Level Parking Garage
- Incredible density and diversity in the surrounding neighborhoods
- Multi-Level Parking Garage
- Rare opportunity to find 55,000 SF space on one level in NY City with 22' Ceiling Heights
- Strong co-tenancy: Target, Costco, Marshalls, Old Navy, Aldi Food Market, Bob' s Discount Furniture, PetSmart, Planet Fitness and Applebee's
- Exclusive Loading Dock, Compactor and Freight Elevator.
SPACE AVAILABILITY (1)
Display Rent as
- SPACE
- SIZE
- CEILING
- TERM
- RATE
- TYPE
| Space | Size | Ceiling | Term | Rate | Type | |
| 3rd Floor | 55,000 sq ft | 16 ft - 22 ft | Negotiable | £32.58 /sq ft pa £2.71 /sq ft pcm £1,791,647 pa £149,304 pcm | Triple Net |
3rd Floor
Vertical Power Center on the Upper East side of Manhattan. Great visibility from the FDR Drive which has over 179,000 cars per day. Rare opportunity to find a one level 55,000sf store in NY City. Incredible density and diversity in the surrounding neighborhoods. 22' Ceiling Heights. Strong co-tenancy: Target, Costco, Marshalls, Old Navy, Aldi Food Market, Bob' s Discount Furniture, PetSmart, GameStop, Planet Fitness and Applebee' s. Vertical Power Center in East Harlem just off the FDR Drive. 22' Ceiling Heights. Exclusive Loading Dock, Compactor and Freight Elevator. Parking deck with ample parking for consumers with cars and easy access from FDR Drive at 116th Street Exit. Significant automobile traffic in the garage and large amounts of customers come by yellow taxi or gypsy cab.
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
- Fully Fit-Out as Standard Retail Unit
- Located in-line with other retail
- Space is in Excellent Condition
- Finished Ceilings: 16 ft - 22 ft
- Great location with heavy traffic
- Great tenant mix
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net (NNN) rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rent that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rent structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 55,000 sq ft | Total Land Area | 6.00 ac |
| Property Type | Retail | Year Built | 2009 |
| Property Subtype | Standalone | Parking Allocation | 2.5/1,000 sq ft |
| Net Internal Area (NIA) | 500,000 sq ft |
| Total Space Available | 55,000 sq ft |
| Property Type | Retail |
| Property Subtype | Standalone |
| Net Internal Area (NIA) | 500,000 sq ft |
| Total Land Area | 6.00 ac |
| Year Built | 2009 |
| Parking Allocation | 2.5/1,000 sq ft |
ABOUT THE PROPERTY
Vertical Power Center on the Upper East side of Manhattan. Great visibility from the FDR Drive which has over 179,000 cars per day. Rare opportunity to find a one level 55,000sf store in NY City. Incredible density and diversity in the surrounding neighborhoods. 22' Ceiling Heights. Strong co-tenancy: Target, Costco, Marshalls, Old Navy, Aldi Food Market, Bob' s Discount Furniture, PetSmart, GameStop, Planet Fitness and Applebee' s. Vertical Power Center in East Harlem just off the FDR Drive. 22' Ceiling Heights. Exclusive Loading Dock, Compactor and Freight Elevator. Parking deck with ample parking for consumers with cars and easy access from FDR Drive at 116th Street Exit. Significant automobile traffic in the garage and large amounts of customers come by Taxi, Uber, Lyft or gypsy cab.
- Bus Route
- Signage
NEARBY MAJOR RETAILERS
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East River Plaza | 517 E 117th St
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