Predominantly Free Market Corner Mixed-Use Building | FOR SALE

1875 Lexington Avenue, New York, NY

$13,900,000

Price

6.66%

Cap Rate

29,975 sqft

Building Size

Gallery
Street
Map
Overview
Cap Rate
6.66%
Building Size
29,975 sqft
Lot Area
6,030 sqft
Units
36
GRM
10.14
Price Per Sqft
$464
Price Per Unit
$386,111
Zoning
R7D / EHC; C1-5
Floors
6
Highlights
  • 22 of 30 residential units are Free Market with strong rents
  • Majority 2 BR & 3 BR apartments with room for rental growth
  • 6 occupied retail tenants
  • Over $60,000 in commercial tax reimbursements
  • Nominal deferred maintenance
  • All of the Free Market apartments have been renovated
  • One block from the popular retail thoroughfare of 116th Street
  • 1 Block from the 6 train
Documents
Title
Offering Memorandum
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery