Property profile

1861 Lexington Ave New York, NY 10029

OFF-MARKET
Retail properties & Spaces
5,000 SF
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Property summary

AI-generated overview

This exceptional 5,000 square foot retail space at 1861 Lexington Avenue in New York City, New York County, presents a unique opportunity for multiple tenants. Located in the vibrant 10029 zip code, this property offers a total of 5,000 square feet currently entirely vacant and ready for immediate occupancy. The building is classified as commercial retail with multiple tenancy options, allowing for flexibility in lease terms and tenant configurations. The address is conveniently situated at 1861 Lexington Ave, providing excellent visibility and accessibility for customers. This prime location within New York City offers significant potential for businesses seeking high foot traffic and a strong customer base. The property's size allows for a variety of retail concepts, from smaller boutiques to larger-scale operations. With its strategic location and ample square footage, this property represents a compelling investment opportunity for discerning businesses looking to establish or expand their presence in one of New York City's most dynamic neighborhoods. The entire 5,000 square feet is currently available, presenting a rare chance to secure a substantial retail footprint in this desirable area. Interested parties are encouraged to inquire for further details and lease options. The property is situated at latitude 40.7980959 and longitude -73.9417915.

Property profile

Verified
Property type Retail properties & Spaces
Total area 5,000 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
  • Mobile Phone Store Electronics & Wireless Store

Location

1861 Lexington Ave New York, NY 10029
New York metro
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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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