787 Lexington Ave New York, NY 10065-8164
Property summary
This exceptional 2,300 square foot retail property, located at 787 Lexington Avenue in the Lenox Hill submarket of Midtown East, presents a unique investment opportunity. Built in 1910 and extensively renovated in 2021, the space offers a blend of historical charm and modern functionality. Currently, one 1,400 square foot ground floor retail space is available for lease, ideal for a variety of uses. A further 800 square feet of lower level space provides additional storage or expansion potential. The property's previous tenants included a deli and a pop-up shop, demonstrating its adaptability. Its prime location offers unparalleled accessibility, with convenient proximity to numerous subway lines (F, N, R, Q, 4, 5 & 6) and a wealth of bus routes. The vibrant surrounding area boasts a diverse range of restaurants, bars, and other attractions, ensuring high foot traffic and visibility. This multi-tenant building in New York County provides a strong foundation for a thriving business, combining historical character with modern updates in a highly desirable location. The space is ready for immediate occupancy, offering a turnkey solution for a discerning tenant. This is a rare opportunity to secure a well-positioned retail space in one of Manhattan's most sought-after neighborhoods.
Property profile
VerifiedCap rate & NOI
Current use
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Alternative Medicine Practice Spa & Massage Center
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(Bike/Boat/Book/etc) Store Bakery
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C18X · New York, NYZoning
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Zoning designation
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