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Property profile & analytics

1621 Lexington Ave New York, NY 10029

  • Retail properties
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence

Current Use by Public Records

  • Teriyaki-go / Takeout Restaurant
  • Naughty Crab / Crab House / Seafood Restaurant

Property Details for 1621 Lexington Ave

Property type
Retail properties
Property subtype
High-rise multifamily apartments

Description

This exceptional 1,000-square-foot retail space is ideally situated at 1621 Lexington Avenue in the vibrant East Harlem submarket of New York City, New York County, zip code 10029. The property is a single-tenant space, previously operating as a deli, offering immediate occupancy for a variety of retail uses. Its convenient location provides excellent visibility and accessibility, with proximity to the 6 train, ensuring high foot traffic and convenient transit options for customers and employees. The space boasts a versatile layout, including a 200-square-foot mezzanine level, adding extra storage or display area, enhancing the overall functionality and potential of the property. The building is located at 40.7897487 latitude and -73.9478991 longitude. This property presents a unique opportunity for businesses seeking a well-located, established space in a thriving neighborhood. All uses will be considered, making this an adaptable space for a wide range of retail concepts. The property is classified as retail with a multi-family subtype. The single-tenant occupancy ensures ease of management and control. This is a remarkable chance to establish or expand a business in a dynamic and densely populated area of New York City. The property's size and features make it suitable for a variety of retail ventures.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use


Location Insight

  • Map
  • Local Demand
City
New York
County
New York
State
New York
Longitude
-73.9479
Latitude
40.7897
More about this property
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