344 Lexington AveNew York, NY 10016

Property Details for 344 Lexington Ave

Year built

1920

Lot size

0.04 AC

Property size (Sq ft)

6,171 SF

Zone code

C5-3

Property type

Retail residential properties

APN

00895-0074

APU

8950074

Description

This exceptional retail opportunity presents 2,300 square feet of vacant space at 344 Lexington Avenue in New York, NY 10016. Located in New York County, this property offers multiple tenancy options, with a minimum divisible space of 800 square feet and a maximum contiguous space of 1,500 square feet. The entire 2,300 square foot space is currently available for lease. This prime location benefits from its strategic position at the base of a soon-to-be-completed Yeshiva University student dormitory, ensuring a high volume of foot traffic and potential clientele. The property's proximity to Grand Central Station provides unparalleled accessibility and visibility, making it an ideal location for a variety of retail businesses. This vibrant area offers significant potential for growth and success, making this a truly exceptional investment opportunity. The property is classified as Commercial Storefront retail space. Interested parties should note the convenient location and the potential for significant returns on investment. The address is 344 Lexington Avenue, New York, NY 10016.

• CAP approach

  CAP return

  Valuation

  6%

  $1,163,190

  6.5%

  $1,073,720

  7%

  $997,024

• Comparable approach

  Method

  Valuation

  Relative Method

  $822,429

  Geo Method

  $822,429

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,101,350

  Retail / Commercial

  $1,077,560

  Hospitality / Lodging

  $787,753

  Office

  $1,067,340

  Institutional / Educational

  $1,116,230

  Residential Income

  $1,305,990

  Multifamily

  $1,566,340

  Automotive / Energy

  $956,772

  Parking / Income-Based Land

  $330,170

  Restaurant / Food Service

  $558,449

  Healthcare / Senior Housing

  $1,101,080

Location Insight

City

New York

County

New York

State

New York

Latitude

40.75

Longitude

-73.9774

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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