182 Lexington Ave - Storefront Retail/Residential FOR SALE


New York, NY 10016- Kips Bay
$4,700,000 USD
305-420-5580
182 Lexington Ave, New York, NY for Sale
$4,700,000 USD
Storefront Retail/Residential - FOR SALE
1/3
null | Request Cap Rate

NEW


182 Lexington Ave
New York, NY 10016
Kips Bay


HIGHLIGHTS

  • Can be delivered vacant
  • Located in the vibrant Midtown East/NoMad corridor, surrounded by residential towers, offices, and strong pedestrian activity
  • Excellent visibility in a dynamic Manhattan neighborhood with exceptional public transit access and heavy daily foot traffic
  • Ready-to-operate setup minimizes upfront build-out costs, offering significant savings and faster opening for new operators

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,700,000 USD

PRICE/SF

$763 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Can be delivered vacant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

C6-2A, New York

APN/PARCEL ID

0887-0022

ASK ABOUT THIS PROPERTY

Lior LevMetro Realty USAMore Info
305-420-5580

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Lior LevMetro Realty USAMore Info
305-420-5580

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.