Multi-family

Investment Opportunity: 134 Lexington Avenue, New York, NY, 10016

Property Overview

• Asking Price: $3,495,000 ($762.77 per square foot)
• Property Type: 2-Star Storefront Retail/Residential
• Sale Type: Investment
• Location: Central Business District (CBD), Kips Bay
• Gross Leasable Area (GLA): 4,582 square feet
• Stories: 4
• Typical Floor Size: 1,146 square feet
• Class: B

Key Features

Prime Kips Bay Location

Located in Manhattan’s vibrant Kips Bay neighborhood, this mixed-use property benefits from heavy pedestrian traffic and proximity to popular dining, shopping, and residential communities. Its prime location makes it an excellent choice for tenants looking for a central yet accessible address in NYC.

Mixed-Use Layout

This property combines retail and residential spaces, offering a diversified income stream. The four-story building provides 4,582 square feet of leasable area, with each floor averaging 1,146 square feet, ensuring efficient and flexible space utilization.

Investment Potential

With its Class B rating, the property offers a balance of stability and potential for improvement. The retail storefront can attract high-quality tenants, while the residential units ensure steady rental income.

Strategic Market Position

Kips Bay continues to be a sought-after area for both commercial and residential tenants due to its central location and convenient transit access. This property is well-positioned to benefit from the neighborhood’s sustained growth and demand.

Conclusion

134 Lexington Avenue represents an excellent investment opportunity for those looking to capitalize on Manhattan’s thriving retail and residential markets. With its mixed-use layout, strategic location, and manageable size, this property offers a compelling blend of stability and growth potential.