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Mix-Use Building for Sale
1 Store with 5 Apartments
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Units in Building
Ground Floor: Store & rear facing studio apartment
2nd Floor: Two bedroom, one bath floor-thru apartment
3rd Floor: Two bedroom, one bath floor-thru apartment
4th Floor: Two bedroom, one bath floor-thru apartment
5th Floor: Two bedroom, one bath floor-thru apartment
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Prime Mixed-Use Investment Opportunity:
Free-Market Asset with Massive Rental Upside
Unlock incredible value at 1729 Lexington Avenue, a highly lucrative mixed-use property combining one commercial retail store and five residential apartments. Offering ultimate operational flexibility, the entire building is 100% free-market with absolutely no stabilization restrictions . While the property currently generates reliable income, the residential units are significantly undervalued, presenting a savvy investor with immediate, substantial upside to align rents with true market rates.
The apartments are in good condition, having undergone comprehensive capital improvements in recent years, including updated electrical and plumbing systems, with true hardwood floors, high ceilings, and newer kitchens and bathrooms, ensuring a highly attractive, low-maintenance environment requiring virtually very little work from a new owner.
Positioned in a prime, high-demand neighborhood, tenants enjoy unbeatable convenience with close access to the subway and local transit and shopping
Whether you are looking to execute a high-yield buy-and-hold strategy or clear market-rate rentals, this asset offers immense rental upside in one of Manhattan's most vibrant and evolving areas.
Low Real Estate Taxes: $5,682/year
Please e-mail for income info-
1 Store with 5 Apartments
---------------------
Units in Building
Ground Floor: Store & rear facing studio apartment
2nd Floor: Two bedroom, one bath floor-thru apartment
3rd Floor: Two bedroom, one bath floor-thru apartment
4th Floor: Two bedroom, one bath floor-thru apartment
5th Floor: Two bedroom, one bath floor-thru apartment
-------------------
Prime Mixed-Use Investment Opportunity:
Free-Market Asset with Massive Rental Upside
Unlock incredible value at 1729 Lexington Avenue, a highly lucrative mixed-use property combining one commercial retail store and five residential apartments. Offering ultimate operational flexibility, the entire building is 100% free-market with absolutely no stabilization restrictions . While the property currently generates reliable income, the residential units are significantly undervalued, presenting a savvy investor with immediate, substantial upside to align rents with true market rates.
The apartments are in good condition, having undergone comprehensive capital improvements in recent years, including updated electrical and plumbing systems, with true hardwood floors, high ceilings, and newer kitchens and bathrooms, ensuring a highly attractive, low-maintenance environment requiring virtually very little work from a new owner.
Positioned in a prime, high-demand neighborhood, tenants enjoy unbeatable convenience with close access to the subway and local transit and shopping
Whether you are looking to execute a high-yield buy-and-hold strategy or clear market-rate rentals, this asset offers immense rental upside in one of Manhattan's most vibrant and evolving areas.
Low Real Estate Taxes: $5,682/year
Please e-mail for income info-
Other
Details
Details
Property Type
Mixed Use, Townhouse
Square Footage
3,600
Year Built
1910
Floor Number
--
Parking
No
Terrace
No
Listing Courtesy of
FIND Real Estate
MLS ID
22312TH
MM
Listing Agent
Matthew Mauro
Listing ID:
3196075
Brokerage Name:
FIND Real Estate
Office Address:
5 West 37th Street, 12th Floor, New York, NY 10018