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787 Lexington Ave New York, NY 10065-8164

OFF-MARKET Investment properties Google Maps
5,853 SF 0.04 ac lot Built 1910
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$1.12M
Range $1.01M – $1.23M (±10%)
Property ID US63-2420353

Property summary

AI-generated overview

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

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1910
Total area 5,853 SF
Lot 0.04 ac (1,600 SF)
Zoning code C18X
APN 01396-0021
UPID US63-2420353

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
  • Alternative Medicine Practice Spa & Massage Center
  • (Bike/Boat/Book/etc) Store Bakery

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.12M

Owner & transaction history

Zoning & alternative use

C18X · 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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