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.
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
Owner options
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$3,255/mo
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$3,255/mo
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$15,260/mo
Est. payment
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$15,260/mo
Est. payment
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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
| Date | Event | Price |
|---|---|---|
| 7/9/2026 | Sold | $2,500,000-37.4%$484/sqft |
Source: Public Record Report a problem | ||
| 4/4/2024 | Listing removed | $3,995,000$773/sqft |
Source: StreetEasy Report a problem | ||
| 10/16/2023 | Price change | $3,995,000-33.4%$773/sqft |
Source: StreetEasy Report a problem | ||
| 9/14/2023 | Listed for sale | $5,995,000$1,161/sqft |
Source: StreetEasy Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
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Nearby schools
GreatSchools rating
- 5/10Ps 116 Mary Lindley MurrayGrades: PK-6Distance: 0.3 mi
- 8/10Jhs 104 Simon BaruchGrades: 6-8Distance: 0.9 mi
- 7/10Unity Center For Urban TechnologiesGrades: 9-12Distance: 0.3 mi
- New York
- New York County
- New York
- 10016
- Manhattan
- Murray Hill
- 318 Lexington Ave