Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Lexington Ave New York, NY 10128

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Carnegie Hill store, 370 sq ft.

    Lot size:
    370 SF

    Property Features for 0 Lexington Ave

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    370 SF

    Spaces For Lease

    at 0 Lexington Ave, New York, NY 10128 Contact us
    Unit

    $129 /Mo

    Size
    370 SF
    Contact us

    We can help!

    Listing Contact
    Russell Dinstein
    Russell Dinstein

    Listing Agency: Red Sparrow Realty Listing Agent: Russell Dinstein

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional retail space, ideally situated on Lexington Avenue in the prestigious Carnegie Hill neighborhood of New York City, presents a unique opportunity for a discerning business owner. The single-tenant store boasts approximately 370 square feet of well-utilized space, perfect for a boutique, specialty shop, or other small-scale retail operation. The property is available immediately, offering a flexible lease term negotiable to suit your business needs. The monthly rent is $3,995, translating to $130 per square foot. The space is offered as-is, allowing for customization to match your brand's aesthetic. The property is located in the 10128 zip code, providing excellent access to a thriving community and high foot traffic. While specific details regarding taxes, utilities, and landlord improvements are not available at this time, interested parties are encouraged to inquire. All dimensions are approximate
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9522616
    Latitude
    40.78443

    Nearby Similar for Lease

    • $12,000 /Mo
      2,200 SF

      Harlem Restaurant Space for Lease

      Vacant restaurant space in Harlem's vibrant 125th Street corridor.
      124st 124Th St, New York, NY 10027
      View Details
    • $10,000 /Mo
      10,228 SF

      Turnkey Medical Office on Broadway

      Fully built-out medical office space in prime location for lease.
      5037 New York Plz, Manhattan, NY 10034
      View Details
    • $4,500 /Mo

      Renovated Commercial Space in Flushing

      Turnkey commercial space in a desirable Flushing location.
      148-09 Northern Boulevard, Flushing, NY 11354
      View Details
    • New
      $3,700 /Mo

      Renovated Studio Near Union Square

      Sun-filled, renovated studio with in-unit washer/dryer near Union Square.
      389 2Nd Ave, New York, NY 10010
      View Details
    • $7,000 /Mo
      45,999 SF

      Prime Flushing Commercial Space

      Located in the heart of Downtown Flushing's commercial district.
      39-16 Prince St, Flushing, NY 11354
      View Details
    • New
      $12,000 /Mo
      1,607 SF

      Full-Floor Loft in NoMad

      Luxury rental residence in vibrant NoMad neighborhood.
      242 5Th Ave, New York, NY 10001
      View Details
    • $4,000 /Mo

      Prime NoMad Office Space

      Modern office space in vibrant NoMad, Manhattan.
      57 New York Plz, Manhattan, NY 10001
      View Details
    • $100 SF/Yr

      Prime Retail Space in Flushing

      5,200 SF retail space in a high-traffic Flushing location.
      37-16 Union St, Flushing, NY 11354
      View Details
    • $3,495 /Mo

      Renovated Commercial Space with Backyard

      Prime location, customizable layout, ideal for retail or office.
      344 New York Plz, Manhattan, NY 10029
      View Details
    • $30 SF/Yr
      25,936 SF

      Flushing Office Suites For Rent

      Prime commercial space in the heart of Flushing, Main Street.
      41-60 Main St, Flushing, NY 11355
      View Details
    • New
      $39,000

      Flushing Office Space for Lease

      1500 sqft office space in College Point Industrial Park.
      130-07 26Th Ave, Flushing, NY 11354
      View Details
    • $60 SF/Yr
      25,936 SF

      Flushing Office Suites For Rent

      Prime commercial space in the heart of Flushing, Queens.
      41-60 Main St, Flushing, NY 11355
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime Carnegie Hill store, 370 sq ft.
    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 $129 SF/Yr.
    What are key features of this property?
    This property features: 370 square foot retail space on Lexington Avenue in Carnegie Hill, NYC.; Available immediately with flexible lease terms.; $3,995 monthly rent ($108 per square foot).
    (212) 655-7526 Call to check price and availability
    Request Owner's contact information
    Lexington Ave New York, NY 10128
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Lexington Ave
    New York, NY 10128
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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 10128
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Russell Dinstein
    Russell Dinstein
    (212) 655-7526 (212) 601-2686
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!