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165 Lexington Avenue Ground Floor Retail Space

  • Usage: Retail
  • Type: Sale
  • Floor: 1st Floor
  • Size: 2,129 SQFT
  • Price: $2,195,000
  • Term: For Sale
Positioned along a vibrant retail corridor in the heart of Kips Bay, this ground-floor commercial condominium presents a rare opportunity to own a highly adaptable, vented retail space with excellent street visibility. Spanning 1,229 square feet on the ground level, the layout includes three contiguous units—Space A (1,229 SF), Space B (1,041 SF), and Space C (564 SF)—each fronting Lexington Avenue with prominent floor-to-ceiling glass frontage and separate entrances. Behind the large glass façade, the interior features soaring double-height ceilings with exposed ductwork, polished concrete floors, and dramatic structural columns that give the space a raw but compelling industrial character, perfect for customization. The current condition is unfinished, offering a clean slate for buildout tailored to any end-user’s vision.

The unit benefits from a 900-square-foot basement, accessed via an internal stairwell and ideal for back-of-house storage, prep area, or operational support. Both floors are connected through multiple access points and are built to accommodate high-volume infrastructure, including HVAC ductwork, venting, and reinforced mechanicals. This configuration makes it a prime candidate for food and beverage operations, fitness studios, boutique showrooms, or gallery concepts. The ceiling height and column spacing allow for dramatic design options, while the floorplan naturally supports three separate commercial tenants or a single branded identity with distinct programmatic zones.

Located on a tree-lined stretch of Lexington Avenue, the property is surrounded by high-rise residential buildings, medical institutions, and growing foot traffic from students, commuters, and neighborhood residents. Delivered vacant and with flexible zoning, this asset is positioned for rapid customization and activation. With the previous asking price reduced to $2,195,000, the offering combines long-term upside with immediate usability, making it a compelling acquisition for owner-users or investors looking to secure an adaptable footprint in one of Manhattan’s most accessible mixed-use enclaves.


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165 Lexington Avenue, New York, NY 10016

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