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Can be delivered vacant 182 Lexington Ave 5,016 SF 68% Leased Retail Building New York, NY 10016 For Sale
Investment Highlights
- Rare mixed-use property in the heart of Manhattan’s Kips Bay neighborhood.
- Ground-floor fully vented restaurant space with lower level; currently vacant and projected at $11,500 per month.
- Potential delivery vacant, offering flexibility for an end user, investor, or owner-operator.
- Four-story stone building plus basement, totaling approximately 5,016 square feet.
- Two occupied free-market duplex apartments generating $14,300 in current monthly rent.
Executive Summary
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
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Located in the heart of Midtown East / NoMad corridor, this 1,600 SF commercial space offers a rare opportunity for an operator looking to open quickly and start generating revenue. The space includes a ground floor plus a basement and is fully built out as a turnkey restaurant. It’s vented, equipped with gas. Everything is already in place to get you up and running without the high upfront build-out costs. Flexible use is allowed. Ideal for a restaurant concept or a bar. The layout works well for a variety of operators looking for strong visibility and steady foot traffic in a prime Manhattan location. 182 Lexington Ave sits in a vibrant, high-demand area surrounded by residential buildings, offices, and constant pedestrian activity. This is a great opportunity for someone who understands the value of location and wants a clean, ready-to-go setup. Video walkthrough available upon request.
Located in the heart of Midtown East / NoMad corridor, this 1,600 SF commercial space offers a rare opportunity for an operator looking to open quickly and start generating revenue. The space includes a ground floor plus a basement and is fully built out as a turnkey restaurant. It’s vented, equipped with gas. Everything is already in place to get you up and running without the high upfront build-out costs. Flexible use is allowed. Ideal for a restaurant concept or a bar. The layout works well for a variety of operators looking for strong visibility and steady foot traffic in a prime Manhattan location. 182 Lexington Ave sits in a vibrant, high-demand area surrounded by residential buildings, offices, and constant pedestrian activity. This is a great opportunity for someone who understands the value of location and wants a clean, ready-to-go setup. Video walkthrough available upon request. The advertised rate reflects the base rent only. Additional operating expenses and other applicable charges are not included.
| Space | Size | Space Use | Position | Available |
| Basement | 700 SF | Restaurant | - | Now |
| 1st Floor | 900 SF | Restaurant | - | Now |
Basement
| Size |
| 700 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size |
| 900 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
Basement
| Size | 700 SF |
| Space Use | Restaurant |
| Position | - |
| Available | Now |
Located in the heart of Midtown East / NoMad corridor, this 1,600 SF commercial space offers a rare opportunity for an operator looking to open quickly and start generating revenue. The space includes a ground floor plus a basement and is fully built out as a turnkey restaurant. It’s vented, equipped with gas. Everything is already in place to get you up and running without the high upfront build-out costs. Flexible use is allowed. Ideal for a restaurant concept or a bar. The layout works well for a variety of operators looking for strong visibility and steady foot traffic in a prime Manhattan location. 182 Lexington Ave sits in a vibrant, high-demand area surrounded by residential buildings, offices, and constant pedestrian activity. This is a great opportunity for someone who understands the value of location and wants a clean, ready-to-go setup. Video walkthrough available upon request.
1st Floor
| Size | 900 SF |
| Space Use | Restaurant |
| Position | - |
| Available | Now |
Located in the heart of Midtown East / NoMad corridor, this 1,600 SF commercial space offers a rare opportunity for an operator looking to open quickly and start generating revenue. The space includes a ground floor plus a basement and is fully built out as a turnkey restaurant. It’s vented, equipped with gas. Everything is already in place to get you up and running without the high upfront build-out costs. Flexible use is allowed. Ideal for a restaurant concept or a bar. The layout works well for a variety of operators looking for strong visibility and steady foot traffic in a prime Manhattan location. 182 Lexington Ave sits in a vibrant, high-demand area surrounded by residential buildings, offices, and constant pedestrian activity. This is a great opportunity for someone who understands the value of location and wants a clean, ready-to-go setup. Video walkthrough available upon request. The advertised rate reflects the base rent only. Additional operating expenses and other applicable charges are not included.
Nearby Major Retailers
Property Taxes
| Parcel Number | 0887-0022 | Improvements Assessment | $235,321 |
| Land Assessment | $82,079 | Total Assessment | $317,400 |
Property Taxes
Contact the Sale Advisor
Can be delivered vacant | 182 Lexington Ave