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Listed price in listed location currency (USD).
$1,890,000

000

MLS® 934278

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $12,708
Days Active 157
Lot Size 
Approx. Age 1890
MLS® Number 934278

Property Address: 1889 Lexington Ave, New York, NY, 10035-4781

Average square foot calculated using Size range provided by listing agent.

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. 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.
MLS® Number934278
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1890
BasementFinished, Full
DrivewayNone
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 10, 2025List Date
$1,890,000List Price
  • Commute

Commute

Starting Address
Destination Address
1889 Lexington Ave, New York, NY

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