Log In/Sign Up
Your email has been sent.
Retail/Medical/Office/ F&B, Fitness Available 1955 1st Ave 4,630 SF of 4-Star Retail Space Available in New York, NY 10029
Matterport 3D Tour
Highlights
- Lease prime retail, medical, office, F&B, and fitness space at the ground level of the Aspen Apartments, a 232-unit luxury rental tower.
- Enjoy unrivaled signage exposure along a signalized intersection on First Ave and East 100th Street, capturing 30,000 daily vehicles.
- Neighboring tenants and demand drives include NYC Health and Hospitals/Metropolitan, Mount Sinai, DREAM Charter School, and Costco Wholesale.
- Located at 1955 First Avenue, offering two prime corner units, a 4,630 SF former Rite Aid with flexible divisions considered.
- Strategically situated steps from the 4 and 6 trains at 103rd Street and the 96th Street N and Q stations with 4 million annual riders.
- Positioned to serve a densely populated trade area of 650,000 residents within 2 miles and $9.2 billion in spending in East Harlem’s growing corridor.
All Available Space(1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Condition
- Available
4,630-square-foot corner retail/ medical/ restaurant space for lease that can be divisible.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
| Space | Size | Term | Rental Rate | Space Use | Condition | Available |
| Ground, Ste CORNER (DIVISIBLE) | 4,630 SF | Negotiable | $77.35 /SF/YR $6.45 /SF/MO $358,131 /YR $29,844 /MO | Retail | Full Build-Out | Now |
Ground, Ste CORNER (DIVISIBLE)
| Size |
| 4,630 SF |
| Term |
| Negotiable |
| Rental Rate |
| $77.35 /SF/YR $6.45 /SF/MO $358,131 /YR $29,844 /MO |
| Space Use |
| Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Ground, Ste CORNER (DIVISIBLE)
| Size | 4,630 SF |
| Term | Negotiable |
| Rental Rate | $77.35 /SF/YR |
| Space Use | Retail |
| Condition | Full Build-Out |
| Available | Now |
4,630-square-foot corner retail/ medical/ restaurant space for lease that can be divisible.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
Matterport 3D Tour
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Property Facts
| Total Space Available | 4,630 SF | Apartment Style | Mid-Rise |
| No. Units | 232 | Building Size | 250,090 SF |
| Property Type | Multifamily | Year Built | 2003 |
| Property Subtype | Apartment |
| Total Space Available | 4,630 SF |
| No. Units | 232 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Size | 250,090 SF |
| Year Built | 2003 |
About the Property
1955 First Avenue presents multiple retail, medical, office, food-and-beverage, and fitness opportunities at the base of The Aspen Apartments, an eight-story, 232-unit luxury rental building in East Harlem. Two prime corner spaces anchor the signalized intersection of First Avenue and East 100th Street, including a former Rite Aid comprising 4,630 square feet on the ground floor, with logical divisions considered. Prominent frontage on both 100th Street and First Avenue, building signage, and unrivaled exposure to over 30,000 daily vehicles create a high-impact branding opportunity. With all uses considered and flexible configurations available, the opportunity delivers built-in residential density and the scale to accommodate both destination and service-oriented operators. Positioned along the west block between East 100th and 101st Streets in East Harlem, the property benefits from exceptional infrastructure and transit connectivity. The nearby 4 and 6 subway lines at the 103rd Street Station generate more than 4 million annual riders, complemented by the 96th Street N and Q station, providing seamless access throughout Manhattan. A Walk Score of 94 and Transit Score of 100 underscore the corridor’s pedestrian strength and multimodal accessibility. Immediate neighbors include NYC Health + Hospitals/Metropolitan, Icahn School of Medicine at Mount Sinai, The Mount Sinai Hospital, New York Academy of Medicine, DREAM Charter School, New York Center for Autism Charter School, and Costco, creating sustained daily foot traffic from healthcare professionals, students, families, and institutional employees. East Harlem continues to evolve as a high-density residential market with more than 650,000 residents within a 2-mile radius and approximately $9.2 billion in annual consumer spending. The intersection’s strong vehicular counts, concentrated institutional presence, and limited corner availability position 1955 First Avenue as a rare platform for operators seeking scale, visibility, and long-term growth. Retailers can capitalize on neighborhood demand, medical and wellness users can integrate within a healthcare-centric ecosystem, and food and fitness concepts can anchor a dynamic mixed-use environment.
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Very bikeable
80/100
Demographics
Demographics
1 mile
3 mile
5 mile
2024 Population
194,353
1,265,042
2,996,150
2029 Population
201,471
1,309,686
3,067,724
2024-2029 Projected Population Growth
3.7%
3.5%
2.4%
Median Age
39.8
40.0
39.2
College Degree + Higher
54%
55%
46%
Daytime Employees
70,866
979,852
1,964,475
Total Businesses
12,467
98,697
204,015
Average Household Income
$130,984
$134,415
$123,261
Median Household Income
$87,699
$94,585
$84,312
Total Consumer Spending
$2.6B
$17.1B
$35.9B
2024 Households
89,642
581,746
1,268,148
Average Home Value
$898,654
$871,216
$797,541
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| M J Pizza | - | - | 2 min walk |
| Everytable | Soul Food | - | 3 min walk |
| New Good Taste II Chinese | Chinese | $$ | 4 min walk |
| Metropolitan Mini Market | Deli | $ | 4 min walk |
| White Castle | - | - | 4 min walk |
| Tex's Chicken & Burgers | Burgers | $$$$ | 4 min walk |
| Star Gourmet Deli | Deli | - | 4 min walk |
| Taco Bell | Fast Food | - | 6 min walk |
| Kennedy Fried Chicken | Chicken | $$$ | 5 min walk |
| Double Dragon | Chinese | $ | 5 min walk |
Retail |
||
|---|---|---|
| Duane Reade | Drug Store | 3 min walk |
| MetroPCS | Wireless Communications | 2 min walk |
| Health Mart Pharmacy | Drug Store | 3 min walk |
| Metro By T-mobile | Wireless Communications | 6 min walk |
| Health Mart Pharmacy | Drug Store | 7 min walk |
| TD Bank | Bank | 8 min walk |
| The UPS Store | Business/Copy/Postal Services | 8 min walk |
Hotels |
|
|---|---|
| Courtyard |
226 rooms
4 min drive
|
| Corinthia |
100 rooms
7 min drive
|
| Trademark Collection by Wyndham |
178 rooms
7 min drive
|
| AKA |
76 rooms
8 min drive
|
| Tapestry Collection by Hilton |
139 rooms
8 min drive
|
| Rosewood |
186 rooms
7 min drive
|
Leasing Teams
Leasing Teams
Ross Berkowitz,
Senior Managing Director
Ross Berkowitz is a Senior Managing Director with Newmark, specializing in both landlord and tenant representation in Manhattan.
Berkowitz represents many institutional investors, families and individual investors in transactions involving real estate and retail space. He has worked on behalf of Atlas Capital Group, The Durst Organization, Heller Properties, HUBBNYC, SL Green Realty Corp. and Stonehenge Partners, to name a few.
Recent notable transactions include the leasing of 14,000 square feet to Ulta Cosmetics at 2 Herald Square on behalf of SL Green Realty; 4,629 square feet of retail space and 1,314 square feet of LED signage to Line Friends; and 1,092 square feet of retail space to KIKO Milano at 1515 Broadway, also on behalf of SL Green Realty. On behalf of The Durst Organization, he arranged a lease with Nordstrom Rack for 47,000 square feet at 855 Avenue of the Americas. On behalf of SL Green Realty and Wharton Properties, he assisted in a 60,000-square-foot lease for Nike’s flagship at 650 Fifth Avenue. He also represented ownership at 72 Spring Street, where Amazon 4-Star signed a 5,100-square-foot lease and represented Hubb NYC in the leasing of 1,400 square feet at 136 Church Street to Los Tacos No. 1.
Among his tenant representation work, Berkowitz represented Saje Natural Wellness in its leases for a combined 1,100 square feet at 120 Prince Street and 156 Columbus Avenue.
In addition, Berkowitz has been involved in several investment sales transactions, including the sale of 102 Greene Street to SL Green Realty Corp, 1231 Third Avenue to Thor Equities, 27 West 72nd Street to JTRE Holdings and 267 West 34th Street to Vornado Realty.
Berkowitz joined Newmark in 2019, following parent company Newmark Group, Inc.’s acquisition of RKF. He began his real estate career with RKF in 2007.
Berkowitz represents many institutional investors, families and individual investors in transactions involving real estate and retail space. He has worked on behalf of Atlas Capital Group, The Durst Organization, Heller Properties, HUBBNYC, SL Green Realty Corp. and Stonehenge Partners, to name a few.
Recent notable transactions include the leasing of 14,000 square feet to Ulta Cosmetics at 2 Herald Square on behalf of SL Green Realty; 4,629 square feet of retail space and 1,314 square feet of LED signage to Line Friends; and 1,092 square feet of retail space to KIKO Milano at 1515 Broadway, also on behalf of SL Green Realty. On behalf of The Durst Organization, he arranged a lease with Nordstrom Rack for 47,000 square feet at 855 Avenue of the Americas. On behalf of SL Green Realty and Wharton Properties, he assisted in a 60,000-square-foot lease for Nike’s flagship at 650 Fifth Avenue. He also represented ownership at 72 Spring Street, where Amazon 4-Star signed a 5,100-square-foot lease and represented Hubb NYC in the leasing of 1,400 square feet at 136 Church Street to Los Tacos No. 1.
Among his tenant representation work, Berkowitz represented Saje Natural Wellness in its leases for a combined 1,100 square feet at 120 Prince Street and 156 Columbus Avenue.
In addition, Berkowitz has been involved in several investment sales transactions, including the sale of 102 Greene Street to SL Green Realty Corp, 1231 Third Avenue to Thor Equities, 27 West 72nd Street to JTRE Holdings and 267 West 34th Street to Vornado Realty.
Berkowitz joined Newmark in 2019, following parent company Newmark Group, Inc.’s acquisition of RKF. He began his real estate career with RKF in 2007.
Aric Trakhtenberg, Associate Director
Aric Trakhtenberg serves as an Associate Director at Newmark’s headquarters in New York City, where he specializes in tenant and landlord representation providing consulting and brokerage services for their local real estate acquisition and disposition strategies.
Rooted in local neighborhoods of the NYC Boroughs, Aric helped numerous corporate and mom and pop tenants with lease renewals, expansion and dispositions. Aric brokered deals that help transform neighborhoods such as representation for The Workshop Project, Inc. a not-for- profit Middle School at 495 Flatbush Avenue for 10,000 SF, Japan Village, Sunrise Mart for a 30,000-SF Market and Food Hall at Industry City, a deal that cracked the ice for retail leasing in the six million square foot campus; subsequently Japan Village expanded to another 20,000 SF on the Second Floor for a center for exploring Japanese art, lifestyle, and culture. In Coney Island Aric placed White Castle corporate at 1232 Surf Ave and up the block at 1217 Surf Ave he leased 12,500 SF to Hook & Reel/ K-Pot Restaurants. Downtown Manhattan: NoLIta, Aric secured Axel Springer’s corporate NY headquarters, owners of politico and Insider’s media channels at 277 Mott Street, a 9,349-SF building designed by acclaimed architect Toshiko Mori, In SoHo, Aric procured BibliotheQue LLC to 54 Mercer St, a 3,600-SF wine bar bookstore by Andrew Jacono and his son AJ, a renowned doctor whose celebrity clientele includes Marc Jacobs and Barbara Corcoran, at 481 Broadway, just around the block he secured Dormitory Authority State of New York for 4,800-SF, and represented PALACE skateboards for their NYC Flagship store at 49 Howard Street. In Fidi, NY, Aric represented Sweat 440 Gym at 80 John Street– 4,750 SF and in the LES: Aric represented Seven Wonders Collective for her third apparel boutique, a 2,500-SF space at 319 Grand Street aka “Pink Cast-iron building”, right across the Street Aric represented The Vintage Twin for her boutique at 69 Orchard Street, and In midtown: represented Midtown East Physical Therapy and Pure OBGYN for 7,055 SF. Aric works on behalf of several financial institutions and has completed deals for IDB Bank and the Federal Savings Bank.
Aric joined Newmark in 2019, when parent company Newmark Group, Inc. acquired RKF Holdings LLC, a New York Based retail real estate brokerage and investment firm. Prior to joining RKF, Aric worked at Eastern Consolidated Properties LLC, where he began his real estate career joining the Investment Sales training program; working alongside principals of the company
Rooted in local neighborhoods of the NYC Boroughs, Aric helped numerous corporate and mom and pop tenants with lease renewals, expansion and dispositions. Aric brokered deals that help transform neighborhoods such as representation for The Workshop Project, Inc. a not-for- profit Middle School at 495 Flatbush Avenue for 10,000 SF, Japan Village, Sunrise Mart for a 30,000-SF Market and Food Hall at Industry City, a deal that cracked the ice for retail leasing in the six million square foot campus; subsequently Japan Village expanded to another 20,000 SF on the Second Floor for a center for exploring Japanese art, lifestyle, and culture. In Coney Island Aric placed White Castle corporate at 1232 Surf Ave and up the block at 1217 Surf Ave he leased 12,500 SF to Hook & Reel/ K-Pot Restaurants. Downtown Manhattan: NoLIta, Aric secured Axel Springer’s corporate NY headquarters, owners of politico and Insider’s media channels at 277 Mott Street, a 9,349-SF building designed by acclaimed architect Toshiko Mori, In SoHo, Aric procured BibliotheQue LLC to 54 Mercer St, a 3,600-SF wine bar bookstore by Andrew Jacono and his son AJ, a renowned doctor whose celebrity clientele includes Marc Jacobs and Barbara Corcoran, at 481 Broadway, just around the block he secured Dormitory Authority State of New York for 4,800-SF, and represented PALACE skateboards for their NYC Flagship store at 49 Howard Street. In Fidi, NY, Aric represented Sweat 440 Gym at 80 John Street– 4,750 SF and in the LES: Aric represented Seven Wonders Collective for her third apparel boutique, a 2,500-SF space at 319 Grand Street aka “Pink Cast-iron building”, right across the Street Aric represented The Vintage Twin for her boutique at 69 Orchard Street, and In midtown: represented Midtown East Physical Therapy and Pure OBGYN for 7,055 SF. Aric works on behalf of several financial institutions and has completed deals for IDB Bank and the Federal Savings Bank.
Aric joined Newmark in 2019, when parent company Newmark Group, Inc. acquired RKF Holdings LLC, a New York Based retail real estate brokerage and investment firm. Prior to joining RKF, Aric worked at Eastern Consolidated Properties LLC, where he began his real estate career joining the Investment Sales training program; working alongside principals of the company
Ravi Idnani, Director
Ravi Idnani is a Director at Newmark with over 10 years of experience. Idnani has arranged hundreds of commercial leasing transactions. He specializes in tenant and landlord representation on both a local and national level.
Idnani has represented many notable landlords and property owners including AFIAA, American, Development Group, Black Horse Capital, BLDG Management, CB Developers, Clipper Equity, Corigin, Dallal Realty Partners, Educational Housing Services, Giraldi Media, Goldberg Group, Greystar, HUBB, Klosed Properties, Knightsbridge Properties, Madison Realty Capital, Magna & York, Marin Management, MGM Management, Nationwide Management, Nuveen, Pan Am Equities, Penn South Capital, Redsky Capital, Sapir Organization, Solar Realty Management, Stellar Management, Sutton Management, Tahl Propp Equities, Thor Equities, United American Land, Victorian Management as well as local Manhattan co-ops and investors.
In addition, he has also collaborated with a plethora of reputable chefs, operators, restauranteurs, and entertainment groups in securing their optimal spaces. Recently, Idnani has secured 10,110 square foot with CityPickle in Long Island City, which is NY’s premier dedicated pickleball club, 10,000 square foot for prestigious art gallery, Almine Rech Picasso at 361 Broadway, 9,349 square foot, eight floor building for Axel Springer’s corporate headquarters at 277 Mott in Nolita, 7,500 square foot to modern Korean barbeque concept, The Woo, in SoHo, 6,780 SF to Marcus Evans Group, corporate events office in the Plaza District, Scarlatto in Hell’s Kitchen’s restaurant row, Dear Mama in Harlem, 5,121 square foot for Lord’s restaurant in the West Village, Another Country in Union Square and Buffalo Wild Wings in NoMad, JaJaJa Mexicana in Williamsburg as well as several other eateries and new concepts.
Idnani has negotiated successful transactions with a numerous fitness, lifestyle brands and health/wellness concepts. He has arranged leases for Aesthetic Lab, Club Pilates in Tribeca and Harlem, Dance with Miss Rachel, Erika Bloom, F45, In Touch PT, JCharles Fitness, Kenwaken Karate, Krav Maga Institute, LifeSpan Pilates, Lyons Den Power Yoga, Mayweather Fitness by Floyd Mayweather, NYC Ninja Academy, Park North PT, Performance HQ, Satori Laser, SoHo Strength Lab, Sun Club, Sweat440, Tony Molina Fitness, Tremble, and VSpot
Idnani has built a strong reputation for securing transformative spaces for schools, non-profits, and community-focused organizations, helping them thrive in New York City’s competitive real estate market. His notable accomplishments include arranging an 8,000-square-foot lease for Little Scholars at 600 Sixth Avenue in Chelsea, and a 9,000-square-foot space for Kiddie Academy in Williamsburg. He has also negotiated leases for All My Children Day Care & Nursery School in both the Lower East Side and Upper West Side, demonstrating his ability to match diverse educational needs with ideal locations. This extends to some of the city’s most respected learning institutions, including the Mandarin Seeds Center, Reade Street Prep, and Rocket Math in Tribeca. Additionally, he secured prime spaces for Speech and Language Pathology NY in Union Square and Elements Preschool on the Lower East Side. One of his standout achievements includes the leasing of an expansive 11,000-square-foot space for Upper Valley Daycare and Preschool on the Upper West Side, showcasing his expertise in accommodating larger, community-centric organizations.
Beyond education, Idnani’s dedication to community-building is evident in his work with several prominent learning centers, including Booknook, UWS Speech, and Ibid Prep on the Upper West Side. His ability to identify and secure spaces that nurture growth and development makes him a go-to expert for organizations looking to make a positive impact. Currently, Idnani is collaborating with several landlords who are eager to fill their spaces with tenants who prioritize.
Idnani has represented many notable landlords and property owners including AFIAA, American, Development Group, Black Horse Capital, BLDG Management, CB Developers, Clipper Equity, Corigin, Dallal Realty Partners, Educational Housing Services, Giraldi Media, Goldberg Group, Greystar, HUBB, Klosed Properties, Knightsbridge Properties, Madison Realty Capital, Magna & York, Marin Management, MGM Management, Nationwide Management, Nuveen, Pan Am Equities, Penn South Capital, Redsky Capital, Sapir Organization, Solar Realty Management, Stellar Management, Sutton Management, Tahl Propp Equities, Thor Equities, United American Land, Victorian Management as well as local Manhattan co-ops and investors.
In addition, he has also collaborated with a plethora of reputable chefs, operators, restauranteurs, and entertainment groups in securing their optimal spaces. Recently, Idnani has secured 10,110 square foot with CityPickle in Long Island City, which is NY’s premier dedicated pickleball club, 10,000 square foot for prestigious art gallery, Almine Rech Picasso at 361 Broadway, 9,349 square foot, eight floor building for Axel Springer’s corporate headquarters at 277 Mott in Nolita, 7,500 square foot to modern Korean barbeque concept, The Woo, in SoHo, 6,780 SF to Marcus Evans Group, corporate events office in the Plaza District, Scarlatto in Hell’s Kitchen’s restaurant row, Dear Mama in Harlem, 5,121 square foot for Lord’s restaurant in the West Village, Another Country in Union Square and Buffalo Wild Wings in NoMad, JaJaJa Mexicana in Williamsburg as well as several other eateries and new concepts.
Idnani has negotiated successful transactions with a numerous fitness, lifestyle brands and health/wellness concepts. He has arranged leases for Aesthetic Lab, Club Pilates in Tribeca and Harlem, Dance with Miss Rachel, Erika Bloom, F45, In Touch PT, JCharles Fitness, Kenwaken Karate, Krav Maga Institute, LifeSpan Pilates, Lyons Den Power Yoga, Mayweather Fitness by Floyd Mayweather, NYC Ninja Academy, Park North PT, Performance HQ, Satori Laser, SoHo Strength Lab, Sun Club, Sweat440, Tony Molina Fitness, Tremble, and VSpot
Idnani has built a strong reputation for securing transformative spaces for schools, non-profits, and community-focused organizations, helping them thrive in New York City’s competitive real estate market. His notable accomplishments include arranging an 8,000-square-foot lease for Little Scholars at 600 Sixth Avenue in Chelsea, and a 9,000-square-foot space for Kiddie Academy in Williamsburg. He has also negotiated leases for All My Children Day Care & Nursery School in both the Lower East Side and Upper West Side, demonstrating his ability to match diverse educational needs with ideal locations. This extends to some of the city’s most respected learning institutions, including the Mandarin Seeds Center, Reade Street Prep, and Rocket Math in Tribeca. Additionally, he secured prime spaces for Speech and Language Pathology NY in Union Square and Elements Preschool on the Lower East Side. One of his standout achievements includes the leasing of an expansive 11,000-square-foot space for Upper Valley Daycare and Preschool on the Upper West Side, showcasing his expertise in accommodating larger, community-centric organizations.
Beyond education, Idnani’s dedication to community-building is evident in his work with several prominent learning centers, including Booknook, UWS Speech, and Ibid Prep on the Upper West Side. His ability to identify and secure spaces that nurture growth and development makes him a go-to expert for organizations looking to make a positive impact. Currently, Idnani is collaborating with several landlords who are eager to fill their spaces with tenants who prioritize.
Isabella Nguyen,
Senior Vice President
A Leasing Associate with Clipper Equity, where she specializes in marketing and leasing mixed-use and multifamily properties across the New York metropolitan area.
About the Owner
Read More
Other Properties in the CLIPPER REALTY, INC. Portfolio
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Company Not Provided
Retail/Medical/Office/ F&B, Fitness Available | 1955 1st Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.