165 Lexington AveNew York, NY 10016
- Mixed-use properties
- 53,841 SF
Property Details for 165 Lexington Ave
- Year built
- 2020
- Lot size
- 0.15 AC
- Property size (Sq ft)
- 53,841 SF
- Zone code
- C62A
- Property type
- Mixed-use properties
- Property subtype
- Retail residential properties
- APN
- 00886-0028
- APU
- 8860028
Description
This exceptional retail opportunity at 165 Lexington Avenue in New York City offers 3,840 square feet of versatile space, currently entirely vacant and available for lease. The property is comprised of four individual suites, providing flexibility for various business needs. Each suite offers a minimum of 564 square feet, with the largest contiguous space measuring 1,229 square feet. This allows for businesses of different sizes to find a suitable fit within this vibrant location. The building's storefront design ensures excellent street visibility and accessibility for customers. Situated in New York County, with a convenient 10016 zip code, this property benefits from high foot traffic and proximity to various amenities. The multiple suite configuration is ideal for a single tenant seeking a large space or multiple tenants looking for smaller, independent units. This prime location presents a unique chance to establish or expand a retail presence in a bustling New York City neighborhood. The entire 3,840 square feet is available, offering a rare opportunity for a significant retail presence. Interested parties are encouraged to inquire for further details and leasing options. This is a truly exceptional opportunity in a highly sought-after area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $11,037,892
- 6.5%
- $10,188,823
- 7%
- $9,461,050
-
Comparable approach
- Method
- Valuation
- Relative Method
- $10,904,041
- Geo Method
- $10,904,041
-
Alternative Use
- Use
- Valuation
- Residential
- $10,188,823
- Hospitality
- $9,332,907
- Educational
- $7,764,869
- Medical
- $8,031,915
- Retail
- $12,078,685
Location Insight
- City
- New York
- County
- New York
- State
- New York
- Latitude
- 40.744
- Longitude
- -73.9811
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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