Property profile

447 Lexington Ave New York, NY 10017

OFF-MARKET
Retail properties & Spaces
7,000 SF
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Property summary

AI-generated overview

447 Lexington Avenue presents a unique opportunity for discerning businesses seeking a prominent location in the heart of New York City. This exceptional property offers a total of 7,000 square feet of commercial space, ideally suited for retail or restaurant use. The building is currently fully vacant, providing a blank canvas for a new tenant to create their ideal space. Two suites are available, with a minimum divisible space of 1,000 square feet and a maximum contiguous space of 6,000 square feet, offering flexibility for various business needs and expansion plans. The property's previous tenant, Davio's Steakhouse, left behind a well-equipped, second-generation restaurant space, featuring existing infrastructure that significantly reduces build-out costs and time. This turnkey solution is perfect for restaurant operators looking for a quick and efficient entry into a high-traffic area. Located in New York County, at 447 Lexington Avenue, zip code 10017, this property benefits from excellent visibility and accessibility, making it an ideal location to attract a large customer base. The address is strategically positioned to capitalize on the high foot traffic and dense population of the surrounding neighborhood. This is a rare chance to secure a prime commercial space in one of Manhattan's most desirable locations. Don't miss this opportunity to establish your business in a thriving and vibrant area.

Property profile

Verified
Property type Retail properties & Spaces
Total area 7,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

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

Value estimations

Realmo proprietary · 4 methods
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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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