860 LEXINGTON Avenue, Manhattan, NY 10021
860 LEXINGTON Avenue, Manhattan, NY 10021
860 LEXINGTON Avenue, Manhattan, NY 10021
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Randy Reis

Randy Reis

+1(917) 435-4870
Listing Courtesy of Douglas Elliman Real Estate
$12,750,000
Est. payment /mo
6 Beds
8 Baths
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UPDATED:

Key Details

Property Type Single Family, Mixed Use

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Lenox Hill

MLS Listing ID RLS20110357

Bedrooms 6

Full Baths 8

HOA Y/N No

Year Built 1910

Annual Tax Amount $121,704

Property Sub-Type Mixed Use

Property Description

860 Lexington Avenue - Prime Upper East Side Investment Opportunity Exceptional opportunity to acquire a fully renovated mixed-use building in the heart of Lenox Hill, ideally located on the West Side of Lexington Avenue between East 64th and 65th Streets. The property offers approximately 6,260 SF above grade, PLUS a finished commercial basement leased to the same long-standing retail tenant. The Certificate of Occupancy recognizes the basement for commercial/store use, providing additional usable, income-producing space beyond the 6,260 SF stated building area. The building combines strong commercial and luxury residential income, offering an approximately 4.8% pro-forma cap rate at the asking price. The property is anchored by a long-standing retail tenant with leases through 2032, contractual rent increases and real-estate-tax escalation provisions-providing stable income with built-in growth. The residential component consists of two beautifully renovated residences, including a 2 bedroom, 2 bathroom home with private outdoor space and an impressive 4 bedroom, 3.5 bathroom upper duplex penthouse with an approximately 600 SF private roof-deck terrace. A rare combination of prime Upper East Side location, attractive yield, long-term commercial tenancy, luxury residential space and fully renovated condition-an outstanding Manhattan investment opportunity.

Location

State NY

County New York

Rooms

Basement Other

Interior

Interior Features Smoke Free

Cooling Ductless

Fireplaces Number 1

Fireplaces Type Other

Fireplace Yes

Appliance Washer Dryer Allowed

Laundry Building Other, Washer Hookup, In Unit

Exterior

Exterior Feature Private Outdoor Space Over 60 Sqft

Pool Building None

View Y/N No

View Other

Porch None

Private Pool Yes

Building

Dwelling Type Mixed Use

Story 5

New Construction No

Others

Pets Allowed Pets Allowed

Ownership None

Monthly Total Fees $10, 142

Special Listing Condition Standard

Pets Allowed Building Yes, No

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Randy Reis

Randy Reis

+1(917) 435-4870

Team Leader License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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