Multi-family

Introducing 1209 Lexington Avenue, New York, NY 10028

Set in a prime urban location, 1209 Lexington Avenue presents an attractive investment opportunity with its combination of residential appeal and central accessibility. Listed at $10,000,000, this 2-unit property is well-suited for investors seeking a valuable asset in a desirable area.

Property Details:

• Address: 1209 Lexington Avenue, New York, NY 10028
• Sale Price: $10,000,000
• Sale Type: Investment
• Building Type: 2-Star Apartments
• Location: Urban
• Number of Units: 2
• Average Unit Size: 1,250 sq. ft.
• Stories: 4
• Class: C
• Gross Building Area (GBA): 4,324 sq. ft.
• Typical Floor Area: 1,081 sq. ft.
• Buildings on Property: 1
• Units per Acre: 50
• Market Segment: All
• Rent Type: Market

Key Features:

Spacious Urban Living Each unit in this four-story building provides a generous living space of 1,250 sq. ft., ideal for tenants seeking comfort and privacy. The property’s configuration offers both flexibility for tenants and enduring appeal within the urban market segment.

Central Urban Location 1209 Lexington Avenue is situated in a highly desirable area, making it well-suited for individuals drawn to the convenience of nearby dining, shopping, and transit options. The urban setting attracts a steady stream of tenants looking for accessibility in a sought-after neighborhood.

Strong Investment Prospects Listed at $10,000,000, this property combines an attractive price with excellent market potential. Its Class C designation allows for future value-add opportunities, and the building’s stable market rent offers steady income potential.

Conclusion:

1209 Lexington Avenue represents a promising investment in a prime New York City neighborhood. With its spacious units, advantageous location, and strong rental market, this property is ideal for investors seeking a reliable asset with growth potential in a highly desirable urban setting.