165 Lexington Avenue, New York, NY 10016 – Murray Hill / Midtown South
Asking Rent: $30,000/month
Space: 2,236 sq ft
Property Type: Retail (Ground Floor)
Rent per Sq Ft: $13.42/month ($161.04/sq ft annualized)
Property Overview
This 2,236-square-foot retail space at 165 Lexington Avenue offers a significant commercial footprint on a prominent Midtown South corridor. With an asking rent of $30,000 per month, it is positioned for a high-traffic, destination-oriented business such as a full-service restaurant, upscale cafe, boutique gym, or flagship retail store. The large size and high-visibility corner location make it suitable for concepts requiring spacious layouts and the ability to draw customers from both the dense local residential base and daytime office population.
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Space Highlights
- Substantial ground-floor retail space of 2,236 sq ft, likely with a corner presence at the intersection of Lexington Avenue and East 30th Street.
- High visibility and street frontage on both Lexington Avenue and the side street, maximizing exposure.
- Ample square footage suitable for a restaurant with a full kitchen and dining area, a large boutique or showroom, a fitness studio with multiple workout zones, or a specialty grocery/cafe.
- Will require a comprehensive custom build-out to suit the specific business needs, including possible kitchen ventilation, multiple points of egress, and interior branding.
- May feature high ceilings and large windows, ideal for creating an inviting and open storefront.
Location & Neighborhood
- Prime Murray Hill / Midtown South location at the corner of Lexington Avenue and 30th Street.
- Situated in a vibrant, mixed-use area with a dense concentration of young professionals, residential towers, medical facilities (near NYU Langone), and office buildings.
- Strong daily foot traffic from a combination of local residents, hospital staff/visitors, office workers, and students from nearby institutions.
- Proximity to the Rose Hill campus of Fordham University and Baruch College provides a steady student population.
- Excellent transit access via the 6 train at 33rd St and 28th St, and the PATH train at 33rd St. Multiple bus lines run along Lexington and 3rd Avenues.
- Walkable to Koreatown, NoMad, Gramercy, and the Empire State Building area.
Summary
Priced at $30,000/month ($13.42/sq ft/month), this 2,236 sq ft retail space at 165 Lexington Avenue commands a premium for its size, corner location, and position in a high-density, mixed-use neighborhood. The annualized rent of $161 per square foot reflects the value of a sizable, visible box in an area with strong daytime and evening traffic. This space is ideal for an established brand or ambitious entrepreneur with a concept that can serve multiple customer segments—from morning coffee and lunch for office workers to evening dinners and weekend services for residents. Success requires a business model capable of generating significant revenue to support the substantial rent, leveraging both the built-in local population and the area’s constant flow of foot traffic.
