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Five-Story Mixed-Use Building
For Sale
Contact for pricing
Pending

106 Lexington Ave, New York, NY 10016

The building combines restaurant occupancy, a vacant office-ready parlor floor, apartments, and an exclusive roof deck.

Property Size6,056 SF
Days on Market144

Property Features for 106 Lexington Ave

General Information

Standard status Pending
Size 6,056 SF
Property subtype Retail, Multifamily, Mixed Use

Units

Unit Mix 6 x 1BR
Multifamily Units 6

Additional Details

Road Access Yes

Amenities

roof deck

Building Details

Buildings 1
Stories 5
Listing Agency: Newmark
Listed By: Mike Kavanagh · License #NY 10401320306
Source: Crexi
Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 6:35PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark

Investment Insights

Based on property information with market context.

This approximately 6,056-square-foot mixed-use building at 106 Lexington Avenue rises five stories on a 19.75-foot-wide lot between East 27th and East 28th Streets. The ground floor is occupied by a restaurant through April 2024, with a lease buyout clause active as of May 1, 2022. The parlor floor is configured for office use and can also support retail, with 14-foot ceilings, a 12-foot picture window, two fireplaces, a full kitchen, bathroom, central AC, and vacant delivery.

The third through fifth floors contain six one-bedroom apartments arranged in front and rear layouts, with the rear units extending into the building addition. The fifth-floor apartments have been renovated and include split-system air conditioning and a functioning gas fireplace. A steel-and-wood roof deck is available for exclusive use by the entire building. Interior details include a marble staircase, mosaic tile landings, ornate metalwork, and dark-stained wood trim.

Key Highlights

  • Approximately 6,056 SF, five‑story mixed‑use building at 106 Lexington Avenue
  • 19.75‑foot‑wide property positioned between East 27th and East 28th Streets
  • Parlor floor offers 14‑foot ceilings, 12‑foot picture window, two fireplaces, kitchen, bathroom, and central AC

Property Analytics

Current Use

Hungry Studio Marketing & Advertising Lahori Kabab Restaurant Praisworthy Gallery Art Gallery

Suggested Use

Top Pick Buffet Pet Grooming Service (Bike/Boat/Book/etc) Store Butcher Nursing Home Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

73,472
Businesses Nearby

Demographics for 10016, NY

62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - The building combines restaurant occupancy, a vacant office-ready parlor floor, apartments, and an exclusive roof deck.
Where is this mixed-use property located?
The property is located at 106 Lexington Ave New York, NY.
What are key features of this property?
This property features: Approximately 6,056 SF, five‑story mixed‑use building at 106 Lexington Avenue; 19.75‑foot‑wide property positioned between East 27th and East 28th Streets; Parlor floor offers 14‑foot ceilings, 12‑foot picture window, two fireplaces, kitchen, bathroom, and central AC
(212) 660-7744 Call to check price and availability
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