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157-159 Lexington Ave 1,500 SF of Retail Space Available in New York, NY 10016
Highlights
- Prime corner location at Lexington Avenue and 30th Street with strong visibility.
- Potential for outdoor seating to enhance customer experience and revenue.
- Steps from RW and 6 subway lines, providing excellent accessibility.
All Available Space(1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Space Use
- Build-Out
- Available
• Previously "Penelope" restaurant • Second-generation vented restaurant • Newly installed gas line • Prep area in Basement • Dedicated outdoor staircase for loading and deliveries • Potential for outdoor seating
- Listed rate may not include certain utilities, building services and property expenses
- Basement
- Flexible Term
- Fully Built-Out as a Restaurant or Café Space
- Vented restaurant
| Space | Size | Term | Rental Rate | Space Use | Build-Out | Available |
| 1st Floor | 1,500 SF | 1-10 Years | $213.45 CAD/SF/YR $17.79 CAD/SF/MO $320,176 CAD/YR $26,681 CAD/MO | Retail | Full Build-Out | Now |
1st Floor
| Size |
| 1,500 SF |
| Term |
| 1-10 Years |
| Rental Rate |
| $213.45 CAD/SF/YR $17.79 CAD/SF/MO $320,176 CAD/YR $26,681 CAD/MO |
| Space Use |
| Retail |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 1,500 SF |
| Term | 1-10 Years |
| Rental Rate | $213.45 CAD/SF/YR |
| Space Use | Retail |
| Build-Out | Full Build-Out |
| Available | Now |
• Previously "Penelope" restaurant • Second-generation vented restaurant • Newly installed gas line • Prep area in Basement • Dedicated outdoor staircase for loading and deliveries • Potential for outdoor seating
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Basement
- Vented restaurant
- Flexible Term
Property Facts
| Total Space Available | 1,500 SF | Apartment Style | Mid-Rise |
| No. Units | 12 | Building Size | 10,300 SF |
| Property Type | Multifamily | Year Built/Renovated | 1920/2000 |
| Property Subtype | Apartment |
| Total Space Available | 1,500 SF |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Size | 10,300 SF |
| Year Built/Renovated | 1920/2000 |
About the Property
Situated at the corner of Lexington Avenue and 30th Street, this fully built-out restaurant space offers a rare opportunity in one of Manhattan’s most active dining corridors. Previously home to the well-known “Penelope,” the property is a second-generation vented restaurant with a newly installed gas line, making it ideal for operators seeking a turnkey setup. The space includes a full basement with a prep area and a dedicated outdoor staircase for loading and deliveries, ensuring efficient operations. The property’s corner location provides excellent visibility and strong foot traffic, supported by its proximity to major transportation options, including the RW and 6 subway lines. With the potential for outdoor seating, this space is well-positioned to attract both local residents and office workers in the surrounding neighborhood. This is an outstanding opportunity for restaurateurs looking to establish or expand their presence in a high-demand Manhattan location.
Nearby Major Retailers
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157-159 Lexington Ave
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