Retail

182 Lexington Avenue, New York, NY 10016 – Gramercy / Midtown South
Asking Rent: $30,000
Size: 2,000 sq ft
Use: Upscale Restaurant / Bar / Lounge / High-End Retail / Gallery / Flagship Store
Lease Type: Commercial Lease (Retail/Restaurant)
Price per Sq Ft: ~$180.00/sq ft/year | ~$15.00/sq ft/month

Property Overview

This 2,000-square-foot commercial space at 182 Lexington Avenue offers a prominent and high-visibility opportunity in the thriving and affluent Gramercy/Midtown South corridor. With an asking rent of $30,000, the space commands a premium price per square foot, reflecting its prime location on a major avenue with strong foot traffic from professionals, residents, and visitors. This space is designed for an upscale restaurant, sophisticated bar/lounge, flagship boutique, or high-end gallery seeking to establish a destination presence in a neighborhood known for its elegance, dining, and central accessibility.

Space Highlights

• Spacious 2,000 sq ft of prime ground-floor or second-floor commercial space
• High price per square foot indicative of a premier retail corridor with a mix of commercial and high-end residential traffic
• Likely features strong street frontage, high ceilings, and upscale building character
• Ample square footage for a full-service restaurant with a dedicated bar area, dining room, and kitchen, or for a large-format luxury retail store
• Suitable for a significant, high-design build-out to create an immersive customer experience

Location & Neighborhood

• Prime location on Lexington Avenue between 31st and 32nd Streets, at the border of Gramercy and Rose Hill
• In a district known for its historic townhouses, prestigious clubs (The Players, The National Arts Club), upscale hotels, and renowned dining
• High foot traffic from local professionals, residents of luxury buildings, tourists, and students from nearby colleges
• Surrounded by a mix of fine dining, boutique fitness studios, cafes, and essential services catering to an affluent demographic
• Excellent access to subway lines (6 at 33rd Street; 4/5/6 at Grand Central-42nd Street; PATH at 33rd Street)
• Walkable to the Empire State Building, Koreatown, Madison Square Park, and the Midtown business core

Summary

Offered at $30,000 per month (~$180.00/sq ft/year), this 2,000 sq ft commercial space at 182 Lexington Avenue is a strategic investment in a prestigious and high-traffic location. The rent reflects the area’s affluent customer base, central positioning, and the space’s potential to house a high-margin, destination business. This space is ideal for an established restaurateur, luxury retailer, or gallery owner with a proven concept that can attract a discerning clientele and leverage the neighborhood’s sophisticated character and consistent foot traffic to build a successful flagship operation.