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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1240 Lexington Ave New York, NY 10028

Property ID
Property summary
AI-generated overview

This exceptional commercial property at 1240 Lexington Avenue offers multiple tenancy options in a vibrant Upper East Side location. Two available spaces range from 400 to 680 square feet, perfect for businesses seeking flexible, well-located office solutions. The building is classified as Class B and features a diverse range of office subtypes, including executive, creative, traditional, and even medical office spaces, catering to a variety of professional needs. The property's retail component adds to its versatility. Situated in a primarily residential area, the building benefits from a mix of commercial establishments, including shops, restaurants, and cafes, providing convenient amenities for tenants and clients. Its proximity to renowned landmarks such as the Metropolitan Museum of Art, Central Park, and the Guggenheim Museum enhances its prestige and appeal. Furthermore, the location boasts excellent access to public transportation, with numerous subway stations and bus routes nearby. The area is also home to several prestigious schools, contributing to a high-quality neighborhood environment. This property presents a unique opportunity for businesses seeking a well-connected, versatile, and prestigious office space in one of Manhattan's most desirable neighborhoods. The address is 1240 Lexington Avenue, New York, NY 10028. The property type is retail and office, with multiple tenants currently occupying the building.

Property profile
Verified
Property type Retail properties & Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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