106 Lexington Avenue, New York, NY 10016

Murray Hill, New York, New York 10016

$9,500,000  

Listing ID Number

24982

Property Description

A 19.75’ wide, 5 story, approximately 6,056 square foot, mixed-use building located on the west side of Lexington Avenue between East 27th and 28th Streets. This property stands out on the avenue with exceptional street presence, boasting old world charm. An utterly rare feature is the marble stair case from the vestibule to the parlor floor. The common hallways maintain subway tiles on each landing adjoined by an ornate metal staircase and dark stained wood trim through-out. The ground floor will be delivered vacant and is vented for a restaurant. The second floor, or parlor floor, has a loft-like feel with tremendous ceiling heights, floor-to-ceiling windows, two fireplaces and an abundance of original detail and is leased to a photographer. It could be used as an office or second floor retail. The third through fifth floors consist of two separate front and rear one-bedroom apartments, with the rear apartments benefitting from the building’s extension. The fifth floor rear is a beautifully renovated apartment with a split system air conditioning unit and a functioning gas fireplace. In addition, a steel and wood roof deck can be utilized exclusively with the top floor or could be available for the entire building. Given the location and quality, a property of this caliber will attract both users and investors alike.

Overview

Building Type:Apartment Buildings, Live Plus Income Buildings, Mixed-Use Investment Buildings, Mixed-Use User Buildings
Location:Located on the west side of Lexington Avenue between East 27th and East 28th Streets.
Block/Lot:883/23
Lot Dimensions:19.75' x 80'
(Approx.)
Lot Sq Ft:1,592
(Approx.)
Buildable Sq. Ft:9,512
(Approx.)
Available Air Rights:3,456
(Approx.)
Stories:5
Units:8
Residential Units:6
Commercial Units:2
Zoning:C6-2A (R8A Equivalent)
FAR:6.02
Building Sq Ft:6,056
(Approx.)
Building Dimensions:19.75' x 56’ w/ 12’ x 10’ extenstion on all floors
(Approx.)

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

John F. Ciraulo
Vice Chairman
(212) 660 7700
john.ciraulo@cushwake.com

Craig Waggner
Director
(212) 660 7744
craig.waggner@cushwake.com


Property Images

Click the image for a high resolution version.

<     /     >

Property Map


Aerial View


Tax Map

Click the image for a high resolution version.

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.