1694 Lexington Ave - Apartments FOR SALE


New York, NY 10029- East Harlem
$2,750,000 USD
646-318-9556
1694 Lexington Ave, New York, NY for Sale
$2,750,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

1694 Lexington Ave
New York, NY 10029
East Harlem


HIGHLIGHTS

  • FULLY APPROVED PLANS
  • OBTAIN NEW 4-FAMILY C of O
  • DELIVER VACANT

OVERVIEW

DELIVER VACANT. FULLY APPROVED PLANS. OBTAIN NEW 4-FAMILY C of O. START WORK TOMORROW. CASH FLOW IMMEDIATELY. Modern Spaces is proud to exclusively present 1694 Lexington Avenue - a prime Four-Family investment in the heart of East Harlem, Manhattan - in the epicenter of Manhattan’s hottest growth corridor. With approved plans for a full interior renovation and a new 4-Family Certificate of Occupancy to be obtained, this property is delivered renovation-ready - ideal for immediate construction and swift income generation. Prime Urban Infill Location: Easy access to 6 train, MTA buses, FDR Drive, I-278 & I-95, & RFK Bridges. Minutes to Central Park, Thomas Jefferson Park, and Randalls Island - green space on demand. Top-tier dining, retail, cultural hubs, groceries, museums, parks, playgrounds - for daily convenience. Columbia University, Hunter College, and elite schools – built-in tenant pipeline. Close proximity to the Upper East Side and Upper West Side - luxury retail & dining are just blocks away. Rare owner-occupant or full-rental play: live in one unit while leasing the others—or maximize cash flow with a full four-unit rental strategy. This is a turnkey value-add opportunity in one of Manhattan’s fastest-appreciating corridors. Contact us today to secure plans and schedule a private tour, before the next bidder does! SUMMARY Block/Lot 1634/16 Zone R7D Lot 1250.25 SF (16'8"x75') Building 3757.57 SF Gross Max FAR 4.66 Max Allowable 5826.17 SF All material presented herein is intended for information purposes only. All dimensions are approximate and subject to construction variances. Plans, layouts, and dimensions may contain minor variations from floor to floor. The buyer should verify all information with their own attorney, architect, or zoning expert. Equal Housing Opportunity.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$702 USD /SF

# OF UNITS

4

PRICE/UNIT

$687,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,313 SF

ZONING

R7-2

APN/PARCEL ID

1634-0016

ASK ABOUT THIS PROPERTY

Ka I (Gala) ChanModern SpacesMore Info
646-318-9556

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Ka I (Gala) ChanModern SpacesMore Info
646-318-9556

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.