1164 1st Ave, New York, NY 10065

Prime Mixed-Use Investment | Lenox Hill, Manhattan A rare opportunity to acquire a fully income-producing mixed-use asset in the prestigious Lenox Hill neighborhood. This well-maintained building features 18 total units, including 16 residential studios and 2 ground-floor retail spaces, offering strong, stable cash flow and long-term appreciation potential. Investment Highlights: * 16 residential rent stabilization units (studios approx. 400 SF each) * Fully leased * 14 recently renovated * 2 retail spaces (ground floor): * Vegan restaurant (~1,000 SF) * bubble tea (~780 SF) * Both occupied by stable, long-term tenants * Annual rental income: ~$560,000 * Basement: Storage & boiler room Unit Breakdown: * 1st Floor: 2 retail spaces * 2nd–5th Floors: 4 studios per floor (total 16 units) * Basement: Storage & mechanical Prime Location Advantages: Positioned in one of Manhattan’s most desirable and high-demand neighborhoods, just moments from iconic destinations like Central Park and Metropolitan Museum of Art. Surrounded by: * High foot traffic corridors * Luxury dining & boutique shopping * Excellent public transportation access Why This Investment Stands Out: * Strong, consistent cash flow * Turnkey condition with recent upgrades * Diversified income (residential + retail) * Located in a blue-chip Manhattan submarket with enduring demand. Don’t miss this exceptional opportunity to secure a high-yield, long-term asset in the heart of Manhattan. Contact for financials & private showing.