340 Lexington Avenue is the perfect opportunity for a retailer or retail investor to acquire a building in one of the world’s most popular retail corridors Exceptional location close to Bloomingdale’s. Other major retailers in the neighborhood include American Eagle, Sephora, Home Depot.. The building is a 3120 gross square foot two-story plus partial mezzanine commercial building and an additional 10 times of air rights allows the future owner to add retail or office floors above the existing building Currently net lease to a restaurant operator doing business as La Brochette Unrivaled transportation through the N,R, W, and 4, 5, 6, 7 Trains at Grand Central Terminal and other trains connect to the states Benefits from premier office tenants in the immediate area, including, Chrysler Building, Citadel, BlackRock, Blackstone, IBM, Morgan Stanley, Bank Of America, Chase, among others Here is the market value conclusion has done before the pandemic: Appraisal Premise As is (Value as Development site) Leased Fee Interest - Date of Value 2017 $9,400,000 As is (Improvement & Air Rights) Leased Fee Interest - Date of Value 2017 $8,700,000 Amazing location in Midtown Manhattan for sale, it is currently a restaurant that is leasing it with the triple net lease. The buyer can purchase and collect the rent or wait to develop the land because it has all the air rights that may not be used.