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182 Lexington Ave
New York, NY 10016
Can be delivered vacant · Retail Property For Sale
Investment Highlights
- Can be delivered vacant
- Excellent visibility in a dynamic Manhattan neighborhood with exceptional public transit access and heavy daily foot traffic
- Located in the vibrant Midtown East/NoMad corridor, surrounded by residential towers, offices, and strong pedestrian activity
- Ready-to-operate setup minimizes upfront build-out costs, offering significant savings and faster opening for new operators
Executive Summary
182 Lexington Avenue presents a rare investment opportunity in the heart of Manhattan’s Midtown East and NoMad corridor. This mixed-use commercial property totals approximately 5,016 square feet with a ground-floor retail space currently built out for restaurant use and equipped with a full liquor license. The site includes gas venting and a functional layout comprising a ground-level storefront and improved basement area, providing attractive options for hospitality operators or repositioning strategies.
The property benefits from a high-visibility location on Lexington Avenue, surrounded by dense residential developments, major office towers, and consistent pedestrian traffic. With flexible zoning (C6-2A), new ownership can capitalize on Manhattan’s thriving food and beverage demand or explore versatile commercial configurations to optimize income potential. Exceptional transit connectivity further supports tenant appeal, with the 28th and 33rd Street subway stations just steps away and Grand Central Terminal less than one mile from the property. This asset offers investors secure long-term value backed by Midtown’s established retail base, proximity to corporate employers, and strong demographic fundamentals. Competitive for retail, hospitality, or mixed-use strategies, 182 Lexington Avenue is poised to deliver stable returns in one of New York City’s most resilient markets.
The property benefits from a high-visibility location on Lexington Avenue, surrounded by dense residential developments, major office towers, and consistent pedestrian traffic. With flexible zoning (C6-2A), new ownership can capitalize on Manhattan’s thriving food and beverage demand or explore versatile commercial configurations to optimize income potential. Exceptional transit connectivity further supports tenant appeal, with the 28th and 33rd Street subway stations just steps away and Grand Central Terminal less than one mile from the property. This asset offers investors secure long-term value backed by Midtown’s established retail base, proximity to corporate employers, and strong demographic fundamentals. Competitive for retail, hospitality, or mixed-use strategies, 182 Lexington Avenue is poised to deliver stable returns in one of New York City’s most resilient markets.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
6,158 SF
Building Class
C
Year Built
1920
Price
$4,700,000
Price Per SF
$763.23
Percent Leased
74%
Tenancy
Multiple
Building Height
5 Stories
Building FAR
4.71
Lot Size
0.03 AC
Zoning
C6-2A, New York - C6 districts permit a wide range of high-bulk commercial uses requiring a central location
Frontage
23’ on Lexington Ave
Property Taxes
| Parcel Number | 0887-0022 | Improvements Assessment | $235,321 |
| Land Assessment | $82,079 | Total Assessment | $317,400 |
Property Taxes
Parcel Number
0887-0022
Land Assessment
$82,079
Improvements Assessment
$235,321
Total Assessment
$317,400
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