1725 Lexington Ave - Apartments FOR SALE


New York, NY 10029- East Harlem
$9,000,000 USD
914-804-7091
1725 Lexington Ave, New York, NY for Sale
$9,000,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

1725 Lexington Ave
New York, NY 10029
East Harlem


OVERVIEW

The Forray Team at The Corcoran Group is proud to present an exclusive development opportunity at 1723-1725 Lexington Ave and 152-156 E 108th St. These four contiguous vacant lots, spanning two streets, offer a unique opportunity for prime residential, community facility, commercial, or mixed-use development in the vibrant heart of East Harlem. The combined lots cover 7,313.37 square feet and are zoned C1-5/R7D (in EHC) and R7A. The potential maximum FAR is 4.5143 for market-rate development or 5.4697 for affordable housing with City of Yes Approval, allowing for a total buildable square footage of up to 42,0000 square feet, including 6,988 square feet dedicated to affordable housing.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/SF

$214 USD /SF

# OF UNITS

51

PRICE/UNIT

$176,471

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1723-1725 Lexington Avenue & 152-156 E 108 St

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

12

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,023 SF

ZONING

C1-5/R7D & R7A

APN/PARCEL ID

1635-0048,1635-0049,1635-0051,1635-0052

ASK ABOUT THIS PROPERTY

Chris CavortiThe Corcoran GroupMore Info
914-804-7091

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Chris CavortiThe Corcoran GroupMore Info
914-804-7091

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.