The Reel

Follow us:

A blog for breaking sales and neighborhood real estate news.

Cushman & Wakefield has been retained on an exclusive basis to sell a retail condominium at 325 Lexington Avenue, located between East 38th and East 39th Streets in Manhattan’s Midtown East neighborhood.   Ownership is requesting proposals.
The condominium contains approximately 2,317 square feet on the ground floor with 800 square feet of lower level space.  It is located at the base of 325 LEX, a newly-developed, 31-story luxury condo building.  The unit is vented and features approximately 20’ ceilings, allowing for a variety of uses including restaurant. 

The space is vacant, therefore a buyer could occupy the space immediately or lease it.  It is located across the street from Lexington’s Cocktail & Liquor Bar and nearby retails include The Junction, La Brochette, Starbucks, Black Shack Burger, Pip’s Place, and Rare.  Additionally, the property benefits from a 10-year 421a tax abatement, which has six years remaining.

“The unit has a glass façade and benefits from approximately 20’ of frontage providing excellent visibility,” said Cushman & Wakefield’s James Nelson, who is exclusively marketing this property with John Ciraulo and Helen Hwang.

Click here for listing details

Neighborhoods: Midtown East/ Agents: John Ciraulo