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    Lexington Ave New York, NY 10017

    For Lease
    $360,000

    High-traffic corner, 2600 sq ft, No key money.

    Lot size:
    1,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional retail space, ideally situated on Lexington Avenue in Midtown Manhattan (zip code 10017), presents a unique leasing opportunity for a cafe or similar establishment. The property boasts a prime corner location, ensuring high visibility and foot traffic. The ground floor offers 1300 square feet of well-designed space, perfect for customer interaction and service. Adding to its appeal is a sizable 1300 square foot basement, providing ample storage and potential for expansion. This location is exceptionally convenient, being just steps away from Grand Central Terminal, guaranteeing a constant flow of potential customers. The property is a single-tenant space, offering exclusivity and control. Importantly, there is no key money required, making this a financially attractive proposition. The property is classified as retail space within New York County, New York. Its precise coordinates are latitude 40.7545639 and longitude -73.9749389. This is a rare chance to secure a thriving business location in one of Manhattan's most dynamic neighborhoods. The property's size and location make it an ideal space for a successful cafe operation.

    Property Features for 0 Lexington Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,300 SF
    Total Rate
    360000

    Unit(s) available at that property

    Space
    Size
    1,300 SF
    Rate per SF
    $360,000
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9749389
    Latitude
    40.7545639

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    FAQs

    What type of property is this?
    Retail property - High-traffic corner, 2600 sq ft, No key money.
    Where is this retail property located?
    The property is located at Lexington Ave New York, NY.
    What is the lease rate?
    The lease rate is $360,000.
    Request Owner's contact information
    Lexington Ave New York, NY 10017
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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
    Lexington Ave New York, NY 10017
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