Homes for sale in New York
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Mixed Use
860 LEXINGTON Avenue
New York, NY 10065
$12,750,000
- Beds
- 6
- Baths
- 7 + 1 half
- Year built
- 1910
Listing courtesy of Istvan Ritz, Douglas Elliman Real Estate
About this home
860 Lexington Avenue - Prime Upper East Side Investment Opportunity Exceptional opportunity to acquire a fully renovated mixed-use building in the heart of Lenox Hill, ideally located on the West Side of Lexington Avenue between East 64th and 65th Streets. The property offers approximately 6,260 SF above grade, PLUS a finished commercial basement leased to the same long-standing retail tenant. The Certificate of Occupancy recognizes the basement for commercial/store use, providing additional usable, income-producing space beyond the 6,260 SF stated building area. The building combines strong commercial and luxury residential income, offering an approximately 4.8% pro-forma cap rate at the asking price. The property is anchored by a long-standing retail tenant with leases through 2032, contractual rent increases and real-estate-tax escalation provisions-providing stable income with built-in growth. The residential component consists of two beautifully renovated residences, including a 2 bedroom, 2 bathroom home with private outdoor space and an impressive 4 bedroom, 3.5 bathroom upper duplex penthouse with an approximately 600 SF private roof-deck terrace. A rare combination of prime Upper East Side location, attractive yield, long-term commercial tenancy, luxury residential space and fully renovated condition-an outstanding Manhattan investment opportunity.
Details
Property
- Type
- Mixed Use
- Year built
- 1910
- Stories
- 5
- Subdivision
- Lenox Hill
- County
- New York
- View
- Other
Interior
- Appliances
- Washer Dryer Allowed
- Cooling
- Ductless
- Laundry
- Building Other, Washer Hookup, In Unit
- Features
- Smoke Free
Exterior and parking
- Exterior
- Private Outdoor Space Over60 Sqft
- Patio and porch
- None
- Pool
- Building None
Community and fees
- Pets
- Building Yes, No
- Annual taxes
- $121,704
Neighborhood
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