NY
New York (Manhattan)
New York (Manhattan)
10035
1889 Lexington Avenue
1889 Lexington Avenue, New York (Manhattan), NY 10035
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Listing Type
Commercial/Industrial
Listing Status
active
8
$2,095,000

Home Details for 1889 Lexington Avenue

Price
$2,095,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1890
Lot size acres
0.0259
County
New York (Manhattan)
Garage
Basement
Finished, Full
Days on site
0
MLS Listing#
934278
Property Description

*. Excellent opportunity to acquire a 12-UNIT multifamily building in the heart of East Harlem, NY. This well-maintained, Fire Sprinkler installed, renovated walk-up property is filled with spacious pre-war apartments, ranging from Bedrooms (x5), Studios (x6) and Two-Bedroom Apt (x1) that attract a strong rental demand and provide steady cash flow. Fully occupied, all apartments are rent-stabilized, with no rent control.Ann Rental Income: $160,200 Operating Expense:$40,506 Net Oper Income: $119,694 The building is situated in a prime location, surrounded by numerous shopping and dining options. *. For Hotel, this building is zoned for Hotel operation if desired. *. For Maximum buildable area, you even can build extra three stories (x3) if needed. *. With a CAP rate 6% as well as $120,000 annually in Net Profit, the property offers immediate income as well as long-term appreciation potential. Detailed ROI can be provided upon request.

Property Features
  • Utilities
    • Natural Gas Available
    • Electricity Connected
    • Natural Gas Connected
    • Phone Connected
    • See Remarks
    • Sewer Connected
    • Water Connected
  • Parking
    • No Garage
    • None
  • Basement
    • Finished
    • Full
  • Cooling Information
    • Wall/Window Unit(s)
  • Heating Information
    • Steam
  • Water Features
    • Public
School Information
School Information for 1889 Lexington Avenue, New York (Manhattan), NY 10035
Elementary School
Ps 7 Samuel Stern
Middle School
N/A
High School
N/A
Listing Courtesy: Chous Realty Group Inc - 718-353-8818
Presented by: Wen Pin Tsai
The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2025 OneKey MLS. All Rights Reserved
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from OneKey MLS.
EXIT REALTY PREMIUM
813 Morris Park Ave, Bronx, NY 10462
Office
718 829 2300
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