5-Story Mixed-Use Building | 6 Apartments | 2 Floors of Retail

824 Lexington Avenue, New York, NY

$12,000,000

Price

$360,500

NOI

7,637 sqft

Building Size

Overview
NOI
$360,500
Building Size
7,637 sqft
Zoning
C1-8X
Floors
5
Description

Besen & Associates, as exclusive agent for ownership, is pleased to offer for sale 824 Lexington Avenue (the “Property”) also known as 135 East 63rd Street,which is located on the northwest corner of East 63rd Street and Lexington Avenue in the Lenox Hill section of Manhattan’s Upper East Side. Built in 1910 and last altered in 1989, the 7,637± SF property consists of a 5-story, mixed-use building with 6 residential units and two full floors of corner Avenue retail.

LOCATION & TRANSPORTATION. The corner Property is situated at the entrance to the Lexington Avenue/63rd Street F, Q subway trains, as well as walking distance from Lexington Avenue/59th Street N, R, W subway trains. There is tremendous foot-traffic throughout the neighborhood.

Highlights
  • 5-story mixed-use building located in prime Lenox Hill on Manhattan’s Upper East Side
  • Well-maintained property requiring minimal near-term capital
  • Potential to increase cash flow by leasing the vacant residential units and the rooftop antenna
  • Prime corner location on Lexington Avenue boasting tremendous foot-traffic
  • Access to the Lexington Avenue/63rd Street F, Q subway trains via 1st floor entrance, also walking distance from Lexington Avenue/59th Street N, R, W subway train
  • Long Term Ownership - First Sale in 50+ Years
  • In close proximity to Central Park, Hunter College, The Plaza Hotel, Apple 5th Avenue, Zara, Bloomingdales, and Lavo Restaurant
Documents
Title
Offering Memorandum
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Location
Gallery