Property profile

644 Lexington Ave New York, NY 10022

OFF-MARKET
Specialty properties
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Property summary

AI-generated overview

This exceptional 1,054 square foot restaurant space, located at 644 Lexington Avenue between 54th and 55th Streets in New York County, presents a unique investment opportunity. The property boasts a prime location with high pedestrian traffic, directly opposite a 53rd Street subway exit and in close proximity to major corporations like Citicorp. The ground floor comprises approximately 704 square feet, complemented by a 350 square foot basement. The 13-foot Lexington Avenue frontage ensures excellent visibility. The space is fully equipped and ready for immediate operation, featuring existing venting. A 10-year lease term is available with immediate possession. The vibrant neighborhood is home to a diverse range of established businesses, including Starbucks, CVS, Chop & Go, Red Olive, Glaze, a health food eatery, Dishes, Juicy Cube, Just Salads, FedEx Office, Cohen's Fashion Optical, and Juice Generation. The building itself also houses reputable tenants such as Dos Toros, Bobby Van's Steakhouse, Dunkin' Donuts, Sweetcatch Poke, and Mama Ganoush, further solidifying the area's strong commercial appeal. This turnkey restaurant space offers an unparalleled chance to establish or expand a thriving food and beverage business in the heart of Midtown East. The property is classified as Class A and is a single-tenant occupancy.

Property profile

Verified
Property type Specialty properties

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
  • Hardware & Home Improvement

Location

644 Lexington Ave New York, NY 10022
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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