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Sold for $2,500,000
  • $2,500,000

    318 Lexington Ave, New York, NY 10016

    1beds
    5,165sqft
    MultiFamily
    Built in 1910
    -- sqft lot
    $2,526,200 Zestimate®
    $484/sqft
    $3,255 Estimated rent

    Home value

    $2,526,200

    $2.00M - $3.01M

    $3,255/mo

    Zestimate® history
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    $15,260/mo

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    What's special

    Property Overview: * Size: A 19 Ft x 75 Ft, 5-story walkup building. * Total Area: Approximately 5,165 square feet. * Location: Situated on the west side of Lexington Avenue, nestled between East 38th and East 39th Streets in the lively Murray Hill neighborhood of Manhattan. Features: * Commercial Spaces: Two prime commercial spaces. * Residential Units: Six well-appointed one-bedroom units. Location Highlights: * The property boasts a prime location just steps away from some of Manhattan's most iconic landmarks and business hubs. * Office Plaza District: Located in the heart of the Midtown office Plaza District, providing excellent business opportunities. * Iconic Landmarks: Within a short stroll, you'll find the Chrysler Building, Bryant Park, and the majestic Empire State Building. * Transportation: Easy access to multiple modes of transportation, with Grand Central Terminal nearby, offering convenient connectivity throughout New York City. Property Potential: * This building offers a unique opportunity for investors and businesses to thrive in a bustling and central part of Manhattan. * With its mix of commercial and residential spaces, it provides diverse income streams and a promising investment prospect. Murray Hill Neighborhood: * Murray Hill is known for its vibrant atmosphere, combining historic charm with modern amenities. * A diverse range of dining, shopping, and entertainment options are readily available within the neighborhood. * Residents and businesses alike appreciate the sense of community and accessibility that Murray Hill offers. Investment Benefits: * Prime Location: The property's proximity to key landmarks and transportation hubs ensures a steady flow of foot traffic and potential customers. * Income Diversity: The combination of commercial spaces and residential units offers a diversified income stream, reducing investment risk. * Growth Potential: With its prime location and the dynamic nature of the neighborhood, there is significant potential for property appreciation.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    Interior area
    • Total interior livable area: 5,165 sqft

    Property

    Lot
    • Size: 1,425 Square Feet
    Details
    • Parcel number: 008940019

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1910

    Community & HOA

    Location
    • Region: New York

    Financial & listing details

    • Price per square foot: $484/sqft
    • Tax assessed value: $3,338,000
    • Annual tax amount: $96,130

    Price history

    DateEventPrice
    7/9/2026Sold$2,500,000-37.4%$484/sqft
    Source: Public Record Report a problem
    4/4/2024Listing removed$3,995,000$773/sqft
    Source: StreetEasy Report a problem
    10/16/2023Price change$3,995,000-33.4%$773/sqft
    Source: StreetEasy Report a problem
    9/14/2023Listed for sale$5,995,000$1,161/sqft
    Source: StreetEasy Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$96,130 +8%$1,502,100 +20%
    2024$89,023 +10.1%$1,251,900 -16.4%
    2023$80,880 $1,497,600 -9.3%
    2022-- $1,651,500 -8.1%
    2021-- $1,796,850 -4.9%
    2020-- $1,890,000 +1.3%
    2019$68,321 +6.8%$1,865,250 +267.8%
    2018$63,965 -0.8%$507,176
    2017$64,508 +1.8%$507,176 +3.2%
    2016$63,359 $491,457 +8%
    2015$63,359 +141.8%$455,053 +8%
    2014$26,203 $421,346
    Find assessor info on the county website

    Neighborhood: Murray Hill

    Nearby schools

    GreatSchools rating