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    1677 Lexington Ave New York, NY 10029

    Sponsored
    For Lease
    Contact for pricing

    Prime NYC Medical Office - 2,900 SF

    Lot size:
    2,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,900 square foot commercial space, located at 1677 Lexington Avenue in New York, NY 10029, presents a unique investment opportunity. Currently vacant, the entire building is available for lease. The property is classified as both retail and office space, and its versatile layout is ideal for a variety of medical office uses, community facilities, fitness centers, or even a repurposed salon. The single-tenant occupancy offers significant flexibility and control. Situated in New York County, this property benefits from excellent visibility and accessibility on Lexington Avenue. The building's total square footage is 2,900 square feet, all of which is currently available. This presents a rare chance to secure a substantial space in a highly desirable Manhattan location. The property's diverse subtype classifications highlight its adaptability to a range of businesses. Its street-level retail component offers excellent exposure to pedestrian traffic, while the office space provides a professional environment. This is an exceptional opportunity for a business seeking a prominent location in a vibrant and densely populated area of New York City. The property's location offers convenient access to public transportation and a wealth of amenities. Serious inquiries are encouraged to explore the potential of this remarkable space.

    Property Features for 1677 Lexington Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,900 SF

    Unit(s) available at that property

    Space
    Second Floor
    Size
    2,900 SF

    HighLights

    • Street‑level blade signage available for second‑floor tenant.
    • Move‑in ready condition.
    • Suitable for a variety of commercial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Friends & Family Daycare ... Day Care Center The Caspian Apartment Building Upper Manhattan Development ... Real Estate Developer UMDC Real Estate Agency

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon 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
    -73.9463837
    Latitude
    40.7916156

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    FAQs

    What type of property is this?
    Individual retail property - Prime NYC Medical Office - 2,900 SF
    Where is this individual retail property located?
    The property is located at 1677 Lexington Ave New York, NY.
    What are key features of this property?
    This property features: Street-level blade signage available for second-floor tenant.; Move-in ready condition.; Suitable for a variety of commercial uses.
    Request Owner's contact information
    1677 Lexington Ave New York, NY 10029
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    New York, NY 10029
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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
    1677 Lexington Ave New York, NY 10029
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