101 West 116th Street — Lease in New York, NY

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Retail Business
  • Location: New York, NY 10026
  • Size: 3,500 SF

Description

Do not disturb tenant, inspections by appointment only Banquet hall portion of Amy Ruth’s restaurant with its own separate storefront, demised from the main restaurant Most uses considered Directly in front of the 116th Street subway station serviced by the 2 and 3 trains with annual ridership of 3,729,434

Market Context

This retail in New York, NY is listed for lease across 3,500 SF. It has been on the market for 55 days. Compare it against other retail listings for lease in New York, NY — view the full market.

As of Q1 2026, the New York City Area retail market showed a 4.2% vacancy rate, average asking rents near $54.00/SF/yr, and cap rates around 6.2%.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

What is the typical cap rate for retail in New York City Area?
About 6.2% as of Q1 2026.
Is the New York City Area retail market tightening or softening?
Vacancy is around 4.2% (Q1 2026).

Estimated Market Rate

$2.75/SF/mo – $3.73/SF/mo

Mid: $3.24/SF/mo

Estimated total for 3,500 SF: $11,340 per month

Rate-first confidence-weighted blend with cost-of-business adjustment.

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