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    159 Lexington Ave New York, NY 10016

    For Lease
    Contact for pricing

    Retail space with basement prep area and outdoor seating potential.

    Property size:
    1,500 SF
    Lot size:
    0.05 Acres

    Property Features for 159 Lexington Ave

    General Information

    Size
    1,500 SF
    Lot size
    0.05 Acres

    Source: Newmark - Corporate Agent Andrew Stern

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lexington Avenue Retail Space Available

    This retail space features a prep area in the basement with a dedicated outdoor staircase for loading and deliveries. The property offers potential for outdoor seating. It benefits from a dense residential, office, and student population due to its proximity to Baruch College, the School of Visual Arts, and Yeshiva Women’s College. The property size is 1500 square feet.
    Location Intelligence

    Current Use by Public Records

    Penelope American Restaurant

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Dental Office Law Firm Nail Salon Food Market Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9815164
    Latitude
    40.7437074

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    FAQs

    What type of property is this?
    Retail space - Retail space with basement prep area and outdoor seating potential.
    Where is this retail space located?
    The property is located at 159 Lexington Ave New York, NY.
    What are key features of this property?
    This property features: - Prep area in Basement with dedicated outdoor staircase for loading and deliveries; - Potential for outdoor seating; - Dense residential population
    (212) 372-2000
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    New York, NY 10016
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    159 Lexington Ave New York, NY 10016
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