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Retail Condominium in Kips Bay
For Sale
$1,250,000

165 Lexington Ave, New York, NY 10016

2,236 SF retail condo in luxury Kips Bay building.

Property Size2,236 SF
Price / SF$559.03
Days on Market157

Property Features for 165 Lexington Ave

General Information

Standard status Active
Size 2,236 SF
Property subtype Vacant-User

Amenities

2,236 SF Retail Condominium Located Midblock on Lexington Avenue Between East 30th and East 31st Streets in Kips Bay. 1,229 SF Ground Floor with 1,009 SF Lower Level Offering Flexible Layout.
Positioned at the Base of The Lexi, a 2020-Built Luxury Condominium with 43 Residential Units Above. Delivered Vacant, Ideal for Food Use, Retail, Gallery, Wellness, or Professional Tenant
Prime Midtown East Location with Strong Residential Density and Proximity to the Empire State Building Corridor.

Building Details

Building Size 2,236 SF
Year Built 2020
Listing Agency: New York City Office
Listed By: Scott Plasky · License #License(s): NY: 40PL1176852
Source: Marcusmillichap
Added: Apr 3 Changed: Aug 23 Last Checked: Sep 6 at 3:52AM

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 New York City Office

Investment Insights

Based on property information with market context.

The property is a 2,236 square foot retail condominium unit located at 165 Lexington Avenue, situated midblock between East 30th and East 31st Streets in Kips Bay. The unit includes 1,229 square feet on the ground floor and a 1,009 square foot lower level. It is located at the base of The Lexi, a luxury condominium residence with 43 units. The Lexi was developed in 2020. The retail unit is delivered vacant and is suited for food service, retail, gallery, wellness, or professional use.

Key Highlights

  • 2,236 SF Retail Condominium in Prime Kips Bay Location
  • Delivered Vacant, suited for various uses (Food, Retail, Gallery, Wellness, Professional)
  • Located at the base of The Lexi, a luxury condominium residence (43 Units)

Property Analytics

Current Use

RiverBrook Equities Hotel & Motel Daily Transcription, Inc. ... Translation Service Lexi Condos Condominium Complex

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Buffet Butcher Locksmith Parking Lot & Garage

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

Location Intelligence

Trade Area within ½ mile

60,751
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 Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - 2,236 SF retail condo in luxury Kips Bay building.
Where is this retail space located?
The property is located at 165 Lexington Ave New York, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 2,236 SF Retail Condominium in Prime Kips Bay Location; Delivered Vacant, suited for various uses (Food, Retail, Gallery, Wellness, Professional); Located at the base of The Lexi, a luxury condominium residence (43 Units)
More about this property
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