$135,100,000 10,000 SF available

525 Lexington Ave, New York, NY 10017
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The property is a 10,000-square-foot restaurant space located at 525 Lexington Avenue in Midtown Manhattan, New York, NY 10017. It is configured as restaurant and other retail space, with a total rentable area of 10,000 square feet suitable for a full-service restaurant layout that can include customer dining areas along with kitchen and support spaces. The building is offered under a Modified Gross (MG) arrangement.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?

$4.42M

Tax billed · 2024

Assessed value$41.69M

Assessed land$20.52M

Assessed improvement$21.17M

Effective rate10.59%

Value estimate

· Oct 2026

$135.10M

$121.59M – $148.61M

Submarket $/SF estimate$179.41M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$1,469/SF

Submarket average, outlier-cleaned · 239 recorded sales of this use type

Observed band · Q1–Q3$374 – $3,864

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?

C6-6

This district is designed to provide for the wide range of retail, office, amusement and recreation, service, production and related uses...

General categoryCOMMERCIAL

JurisdictionNEW YORK(MANHATTAN)

Location intelligence

Which uses thrive at this corner?

Best fit: Butcher

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Butcher10.6

Laundromat8.1

Pet Grooming Service6.4

525 Lexington Ave New York, NY 10017

County assessor Recorded deeds · 9 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 11 properties nearby

Address Sale price Sold Size

234 46th, New York, NY 10017-2932 $13,150,573 Apr 2023 82,829 SF

12 48th Sttimeb, New York, NY 10017-1008 $135,635,000 Feb 2023 47,642 SF

509 Lexington, New York, NY 10017-2008 $173,460,035 Jul 2021 314,568 SF

145-149 49th, New York, NY 10017 $23,500,000 Sep 2020 37,371 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

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Value Estimation by Request
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