137 Lexington Ave, New York, NY 10016

137 Lexington Avenue -- alternative address 129 East 29th Street -- is a mixed use, multi family building located on the North-East corner of Lexington Avenue and 29th Street in Manhattan. This four-story walk-up building contains 6 residential units and 1 commercial ground floor unit. Of the 6 residential units there is one (1) rent stabilized unit and five (5) free market units. There are 3 studios and (3) 2-bedroom units. The commercial unit and part of the basement is currently rented to a laundromat. The asset is approximately 5,708 square feet plus a usable basement measuring 1353 square feet for a total of 7,061 square feet. The FAR allows for an additional buildable 2,864 square feet for a total usage of 9,925 square feet (including basement) . This property is located in one of Manhattan's most sought after and active neighborhoods in the city and is in close proximity to some of the best shops, restaurants, and office buildings. The asset is also within several blocks to both highly coveted Madison Square Park and Gramercy Park. The 4 and 6 trains are just a block away and the M101,M102, M103, X2 and X5 bus lines are accessible on Lexington Avenue and 28th Street.