Now Offered at $4,500,000
Discover a rare investment opportunity in the heart of Manhattan. 141 Lexington Avenue is a fully leased, turn-key property featuring six free-market residential units and one ground-floor retail space, totaling 4,278 sq. ft. of prime real estate.
Property Highlights:
Location: Kips Bay – steps from Murray Hill, Gramercy Park, and NoMad
Building Size: 16’ x 85’ (Lot: 16.25’ x 85’)
Year Built: 1910 | Renovated: 2019
Current NOI: $215,830
Low Taxes: $71,768 annually
Unused FAR: 4,033 sq. ft.
Features & Condition:
Recently renovated with upgraded systems and interiors
Pre-war charm with modern finishes
Common laundry and storage in basement
Fully occupied with free-market tenants – no rent regulation
Neighborhood & Accessibility:
Surrounded by top dining, shopping, and entertainment
Minutes to 28th Street (6 train), 33rd Street subway, and East River ferries
Close to NYU Langone, Baruch College, and Midtown offices
Investment Upside:
Strong cash flow with stable tenancy
Potential for vertical expansion or condo conversion
Rare free-market units in a high-demand rental market
Address: 141 Lexington Avenue, New York, NY 10016
Price: $4,500,000
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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