1012/1018 Lexington Avenue Multi-Family FOR SALE


New York, NY - Lenox Hill
$9,250,000 USD
212-230-5999
, New York, NY for Sale
$9,250,000 USD
Multi-Family - FOR SALE
1/2
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1012/1018 Lexington Avenue
New York, NY
Lenox Hill


HIGHLIGHTS

  • 8 FM residential units and 3 retail units across 8,284 SF
  • 100% occupancy with strong rents across both buildings. Residential units are all thoughtfully renovated and FM
  • Situated in the heart of the highly desirable Upper East Side submarket along the highly foot trafficked Lexington Avenue

OVERVIEW

Avison Young, as the exclusive agent, is pleased to offer for sale two cash-flowing walk-up mixed-use properties in the heart of Manhattan’s highly desirable Upper East Side. Located at 1012 Lexington Avenue and 1018 Lexington Avenue, the properties comprise eight (8) residential units and three (3) commercial spaces across 8,284 square feet. Both properties are meticulously maintained, and residents enjoy modern features including keyless entry fobs and intercom systems. The residential units, which are comprised of 5 studios and 3 one-bedrooms, are fully FM and are achieving very strong rents, with the average in-place rent psf reaching $116 across the two buildings. The retail tenant roster, which boasts a 7.03-year WALT, includes Spa Niobe (1012 Lexington ground & second floor), Grace Deli (1018 Lexington ground floor), and Wo’s Bespoke Clothier (1018 Lexington second floor). The average rent for these three tenants is $137/SF. With a combined 34 feet of frontage along this high-traffic corridor, the commercial units benefit from significant visibility and action.

ASK ABOUT THIS PROPERTY

Mitchell LevineAvison YoungMore Info
212-230-5999

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Mitchell LevineAvison YoungMore Info
212-230-5999

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