1677 Lexington AveNew York, NY 10029

Property Details for 1677 Lexington Ave

Year built

2008

Lot size

0.17 AC

Property size (Sq ft)

44,295 SF

Zone code

R7D

Property type

Retail residential properties

APN

01633-0020

APU

16330020

Description

This exceptional 2,900 square foot commercial space, located at 1677 Lexington Avenue in New York, NY 10029, presents a unique investment opportunity. Currently vacant, the entire building is available for lease. The property is classified as both retail and office space, and its versatile layout is ideal for a variety of medical office uses, community facilities, fitness centers, or even a repurposed salon. The single-tenant occupancy offers significant flexibility and control. Situated in New York County, this property benefits from excellent visibility and accessibility on Lexington Avenue. The building's total square footage is 2,900 square feet, all of which is currently available. This presents a rare chance to secure a substantial space in a highly desirable Manhattan location. The property's diverse subtype classifications highlight its adaptability to a range of businesses. Its street-level retail component offers excellent exposure to pedestrian traffic, while the office space provides a professional environment. This is an exceptional opportunity for a business seeking a prominent location in a vibrant and densely populated area of New York City. The property's location offers convenient access to public transportation and a wealth of amenities. Serious inquiries are encouraged to explore the potential of this remarkable space.

• CAP approach

  CAP return

  Valuation

  6%

  $9,080,875

  6.5%

  $8,382,346

  7%

  $7,783,608

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,970,756

  Geo Method

  $8,970,756

• Alternative Use

  Use

  Valuation

  Residential

  $8,382,346

  Hospitality

  $7,678,184

  Educational

  $6,388,159

  Medical

  $6,607,858

  Retail

  $9,937,137

Location Insight

City

New York

County

New York

State

New York

Latitude

40.7917

Longitude

-73.9463

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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