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    457 Lexington Ave New York, NY 10017

    For Lease
    $300 /Mo

    Midtown Manhattan retail space, 600 sq ft.

    Lot size:
    600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 600-square-foot retail space boasts a prime Midtown Manhattan location, just steps from Grand Central Terminal. Its single-tenant occupancy offers flexibility and control, ideal for a variety of businesses. The property's "foot traffic location" ensures high visibility and accessibility for customers. The space is situated in New York County and is categorized as a retail property suitable for various uses; food-related businesses are specifically permitted. This presents a unique opportunity for entrepreneurs seeking a high-impact location with significant pedestrian traffic. The convenient access to Grand Central Terminal provides unparalleled connectivity for both employees and customers, enhancing the overall appeal and potential for success. The property's size is perfectly suited for a boutique store, a small restaurant, or a service-based business. Given its central location and permitted uses, this space offers significant potential for growth and profitability. Serious inquiries are encouraged to explore this remarkable opportunity in the heart of Midtown. The property is available for immediate occupancy. All uses will be considered, making this a versatile and attractive option for a wide range of businesses.

    Property Features for 457 Lexington Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    600 SF
    Total Rate
    300

    Unit(s) available at that property

    Space
    Size
    600 SF
    Rate per SF
    $300

    HighLights

    • Midtown Manhattan retail space, 600 square feet.
    • Single‑tenant occupancy.
    • Excellent foot traffic location near Grand Central Terminal.
    • Suitable for various retail uses.
    • Located in New York County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    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
    -73.974716101674
    Latitude
    40.753341373371

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    FAQs

    What type of property is this?
    Retail property - Midtown Manhattan retail space, 600 sq ft.
    Where is this retail property located?
    The property is located at 457 Lexington Ave New York, NY.
    What is the lease rate?
    The lease rate is $300 /Mo.
    What are key features of this property?
    This property features: Midtown Manhattan retail space, 600 square feet.; Single-tenant occupancy.; Excellent foot traffic location near Grand Central Terminal.
    Request Owner's contact information
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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
    457 Lexington Ave New York, NY 10017
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