Property profile

165 Lexington Ave New York, NY 10016

FOR SALE
Retail residential properties
Property ID
US63-2588512
53,841 SF 0.15 ac lot Built 2020
Individually Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail opportunity at 165 Lexington Avenue in New York City offers 3,840 square feet of versatile space, currently entirely vacant and available for lease. The property is comprised of four individual suites, providing flexibility for various business needs. Each suite offers a minimum of 564 square feet, with the largest contiguous space measuring 1,229 square feet. This allows for businesses of different sizes to find a suitable fit within this vibrant location. The building's storefront design ensures excellent street visibility and accessibility for customers. Situated in New York County, with a convenient 10016 zip code, this property benefits from high foot traffic and proximity to various amenities. The multiple suite configuration is ideal for a single tenant seeking a large space or multiple tenants looking for smaller, independent units. This prime location presents a unique chance to establish or expand a retail presence in a bustling New York City neighborhood. The entire 3,840 square feet is available, offering a rare opportunity for a significant retail presence. Interested parties are encouraged to inquire for further details and leasing options. This is a truly exceptional opportunity in a highly sought-after area.

Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 2020
Total area 53,841 SF
Lot 0.15 ac (6,582 SF)
Zoning code C62A
APN 00886-0028
UPID US63-2588512

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
  • Hotel & Motel
  • Translation Service Transcription Service
  • Condominium Complex

Location

165 Lexington Ave New York, NY 10016
New York metro Census 7200 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$8.32M

Owner & transaction history

since 2025
7 recorded transactions
2025
$177,450
2024
$1.4M
2024
$927,225
2018
$8.3M
2018
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C62A · New York, NY

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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