1725 Lexington Ave - Apartments FOR SALE


New York, NY 10029- Upper East Side
$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
Upper East Side


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

$221 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.