Multi-Level Retail
For Sale
Contact for pricing
1235 Lexington Ave, New York, NY 10028
Single-tenant occupancy combines an open floorplate with separate below-grade space.
Property Size12,225 SF
Days on Market145
Property Features for 1235 Lexington Ave
General Information
Standard status
Active
Size
12,225 SF
Property subtype
Retail
Occupancy
100%
Site & Location
Frontage
189 ft
Corner Location
Yes
Additional Details
Floor
Ground, Lower Level
Building Details
Tenancy
Single
Listing Agency:
Cushman & Wakefield New York
Listed By:
Andrew Berry · License #NY 10401255595
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 2:34PM
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 Cushman & Wakefield New York
Investment Insights
Based on property information with market context.
This retail co-op at 1235 Lexington Ave comprises approximately 6,875 square feet of above-grade retail space and an additional 5,350 square feet below grade. The multi-level layout includes an open floorplate and the potential to divide the premises into separate areas. Ownership includes 100% of the co-op shares for the ground-floor retail unit, along with a separate long-term leasehold interest in the lower-level space.
The property occupies the southeast corner of Lexington Avenue and East 84th Street in Manhattan’s Upper East Side, with 189 feet of frontage across the two streets. Duane Reade occupies the retail space under a lease with 6.5 years remaining, a 12% rent escalation scheduled for March 2024, and one 10-Year extension option. The lease is guaranteed by Walgreens Boots Alliance, and the property is a few blocks south of the 86th Street station along Lexington Avenue.
The property occupies the southeast corner of Lexington Avenue and East 84th Street in Manhattan’s Upper East Side, with 189 feet of frontage across the two streets. Duane Reade occupies the retail space under a lease with 6.5 years remaining, a 12% rent escalation scheduled for March 2024, and one 10-Year extension option. The lease is guaranteed by Walgreens Boots Alliance, and the property is a few blocks south of the 86th Street station along Lexington Avenue.
Key Highlights
- Approximately 6,875 SF of retail space plus 5,350 SF of below‑grade space
- 189 feet of frontage at Lexington Avenue and East 84th Street
- 100% of co‑op shares for the ground‑floor retail unit included
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
19,030
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 40%
Bareburger
Dining
4,753 visits/mo
0.4 miles
7-Eleven
Shops & Services
3,182 visits/mo
0.4 miles
Demographics for 10028, NY
48,116
Population
29,535
Households
1.6
Avg Household Size
39
Median Age
83%
College-Educated
98%
High-School Grad
0.3 sq mi
ZIP Area
160,387
Density / Sq Mi
$168,125
Median Household Income
$116,860
Median Earnings
$2,702
Median Rent
$1,600,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Single-tenant occupancy combines an open floorplate with separate below-grade space.
Where is this retail space located?
The property is located at 1235 Lexington Ave New York, NY.
What are key features of this property?
This property features: Approximately 6,875 SF of retail space plus 5,350 SF of below‑grade space; 189 feet of frontage at Lexington Avenue and East 84th Street; 100% of co‑op shares for the ground‑floor retail unit included
