860 Lexington Avenue

$7,300,000
Investment

AGENTS

Elissa Slan
Elissa Slan
  • Licensed Associate Real Estate Broker
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Property Description

The subject property is a 16.00 wide by 80.00 deep parcel of land with approved plans to build an approximately 6,400 sq. ft. (above grade), 9-story, mixed-use condominium building. The approved plans call for retail on the ground floor +basement with commercial spaces on floors 2. The 3,4 and 5th floor consists of residential units with 11 ceiling heights The subject site is located on the west side of Lexington between east 64th Street and 65th Street. Summary Air right up Block/Lot 1399 / 58 Price $7,200,000 Property Type Mixed Used Commission 5%/2.5% to co-operating broker Neighborhood Upper East Side Cross Street 1 East 64th Street Cross Street 2 East 65th Street Borough New York City/State/Zip New York, NY, 10065 Lot Size 80 deep LOT AREA: 1280 SQF lot frontage: 16 feet Built Size N/A Extension Size N/A Extension Floors 0 Floors 3 Apartments/Vacant Zoning C1-8X Commercial/2 floor plus basement Lot Sq Ft: 6260.00 Buildable Sq. Ft: 6400. FAR: 9.0Year Built: 1910 Information Summary: additional Air right available Real Estate Tax $ 58000 /year Insurance . $ 5000/year Utility . Pay by each tenant Rent income: Grand floor with retail basement can be rent for $18000/mo/ open lease. 2nd floor current $7000/mo 1.5 years lease. 3 rd floor $ 3300/mo (5 mo. left) 4th floor $ 3100/mo (5 mo. Left) 5th floor $ 3200/mo (Vacant)
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PROPERTY DETAILS

  • Property Type
    Investment
  • Year Built
    1910
  • MLS/Listing ID
    1144610
  • Days On Market
    1,630

Amenities

  • Pre-War
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Listing Courtesy of Corcoran Group