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    485 Lexington Ave New York, NY 10017

    Sponsored
    For Lease
    Contact for pricing

    Midtown East NYC Office Space Available

    Lot size:
    20,334 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional Midtown East property, located at 485 Lexington Avenue in New York County, NY 10017, offers prime executive office space within a 32-story building. The building boasts a total of 20,334 square feet, with currently 1,612 square feet of vacant space available for lease. Multiple tenancy options are available, catering to businesses seeking spaces ranging from 1,612 to 5,096 square feet. The property is classified as both retail and office space, making it suitable for a variety of uses. Its central location in Midtown East provides unparalleled access to iconic landmarks such as the Chrysler Building, Rockefeller Center, and the United Nations Headquarters. The building benefits from excellent public transportation connectivity, with proximity to Grand Central Terminal and numerous subway lines. This prestigious address is situated within a timeless, architecturally significant neighborhood, yet enjoys the tranquility of tree-lined streets known for their upscale residential buildings. The property presents a unique opportunity to establish a presence in one of Manhattan's most desirable and sought-after locations. This is a rare chance to secure office space in a building that combines historical charm with modern convenience and accessibility. The available space is ideal for businesses seeking a high-profile address in the heart of New York City's vibrant business district.

    Property Features for 485 Lexington Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,334 SF

    Building Details

    Stories
    32

    Unit(s) available at that property

    Space
    Ground Floor
    Size
    1,612 SF
    Space
    Former NY Public Library Ground Floor
    Size
    5,096 SF

    HighLights

    • Turnkey cafe space at the base of a 32‑story office tower.
    • Excellent corner exposure with 87 feet of wraparound frontage.
    • Prime fast‑casual opportunity on a thriving QSR corridor.
    • Steps from Grand Central Terminal.
    Property Profile Location Intelligence

    Current Use by Public Records

    Perricone Law Consultant BayBridge Real Estate ... Real Estate Consultant Gold Bullion International ... Financial Planner Citibank ATM Atm Center on Addiction Non-Profit Organization

    Suggested Use

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

    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
    -73.9734987
    Latitude
    40.7540181

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    FAQs

    What type of property is this?
    Office Property / Space - Midtown East NYC Office Space Available
    Where is this office property / space located?
    The property is located at 485 Lexington Ave New York, NY.
    What are key features of this property?
    This property features: Turnkey cafe space at the base of a 32-story office tower.; Excellent corner exposure with 87 feet of wraparound frontage.; Prime fast-casual opportunity on a thriving QSR corridor.
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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
    485 Lexington Ave New York, NY 10017
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