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    799 Lexington Ave New York, NY 10065-8158

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    799 Lexington Ave New York, NY 10065-8158

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    • Investment properties
    • 5,700 SF
    • 0.04 lot acres
    Off-Market
    Property ID
    US63-2800243
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,105,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • C & R Timmermann Apothecaries Inc / Pharmacy
    • Woisoansky Irwin / Ophthalmologist / (Bike/Boat/Book/etc) Store
    • Dream Spa | Top Asian Massage NYC| Table Shower / Alternative Medicine Practice / Spa & Massage Center
    • Chen Levi Hair Design / Hair Salon / Nail Salon
    • Ismena Design / Art Gallery

    Property Details for 799 Lexington Ave

    Year built
    1900
    Lot size
    0.04 lot acres
    Property size
    5,700 SF
    Zone code
    C18X
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    01396-0052
    APU
    13960052

    Description

    This exceptional retail space at 799 Lexington Avenue in New York City offers a fantastic opportunity for businesses seeking a vibrant location. The property is classified as Class B and is situated in New York County, zip code 10065. The total building square footage is 1,500 square feet, with a currently available space ranging from 600 to 1,500 contiguous square feet. This flexibility allows for a variety of business models, from smaller boutiques to larger establishments. The property is currently multi-tenant, providing a dynamic and bustling atmosphere. The address, 799 Lexington Avenue, places the property in a high-traffic area, ensuring excellent visibility and foot traffic for your business. The space is ideal for a variety of commercial uses, including restaurants and retail establishments. This is a rare opportunity to secure a well-located retail space in one of New York City's most desirable neighborhoods. The available space is 600 square feet, but the entire 1,500 square feet can be leased if needed. Don't miss this chance to establish your business in a prime location. Inquire today to learn more about leasing options and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9667
    Latitude
    40.7639
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $215,810
    $1,108,272
    $806,742
    $1,915,014
    -
    $2,220,000
    $1,616,000
    $3,836,000

    Comparable in this City

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      5,392 SF

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      View Details
    • Value Estimation
      $3,540,000
      7,217 SF

      113 64th St, Unit 5

      OFFICE/RESIDENTIAL (MIXED USE) • 7,217 SF
      113 64th St, New York, NY 10065-7038
      View Details
    • Value Estimation
      $1,925,000
      6,368 SF

      130 65th St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,368 SF
      130 65th St, New York, NY 10065-7007
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    • Value Estimation
      $2,030,000
      4,360 SF

      878 Lexington Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,360 SF
      878 Lexington Ave, New York, NY 10065-6661
      View Details
    • Value Estimation
      $860,000
      4,400 SF

      876 Lexington Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,400 SF
      876 Lexington Ave, New York, NY 10065-6631
      View Details
    • Value Estimation
      $2,220,000
      7,052 SF

      1308 2nd Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 7,052 SF
      1308 2nd Ave, New York, NY 10065-5796
      View Details

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    799 Lexington Ave
    New York, NY 10065-8158
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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