Property profile

457 Lexington Ave New York, NY 10017

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional 600-square-foot retail space boasts a prime Midtown Manhattan location, just steps from Grand Central Terminal. Its single-tenant occupancy offers flexibility and control, ideal for a variety of businesses. The property's "foot traffic location" ensures high visibility and accessibility for customers. The space is situated in New York County and is categorized as a retail property suitable for various uses; food-related businesses are specifically permitted. This presents a unique opportunity for entrepreneurs seeking a high-impact location with significant pedestrian traffic. The convenient access to Grand Central Terminal provides unparalleled connectivity for both employees and customers, enhancing the overall appeal and potential for success. The property's size is perfectly suited for a boutique store, a small restaurant, or a service-based business. Given its central location and permitted uses, this space offers significant potential for growth and profitability. Serious inquiries are encouraged to explore this remarkable opportunity in the heart of Midtown. The property is available for immediate occupancy. All uses will be considered, making this a versatile and attractive option for a wide range of businesses.

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

Location

457 Lexington Ave New York, NY 10017
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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