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    1889 Lexington Ave, Unit New York Manhattan, NY 10035

    For Sale
    $1,995,000

    MULTI_FAMILY - New York (Manhattan), NY

    Lot size:
    0.03 Acres
    Days on Market:
    19
    Last Refresh:
    Dec 6 at 6:06 pm

    Property Features for 1889 Lexington Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R7D, C1-5
    Rooms
    Basement
    APN
    1645-0153
    Basement
    Full, Finished
    Lot size
    0.03 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Steam
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1890
    Number of units
    12
    Building materials
    Brick

    Chous Consolidated Enterprise (917) 217-9476 [email protected]

    Listing agent Wen Pin Tsai (347) 677-9655

    Listing date Nov 18, 2025

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    East Harlem Multifamily Investment Opportunity

    This 12-unit multifamily building is located in East Harlem, New York. The renovated walk-up property features spacious pre-war apartments, including five bedrooms, six studios, and one two-bedroom apartment. The building is fully occupied and rent-stabilized. The property is situated in a prime location with numerous shopping and dining options. The building is zoned for hotel operation. The zoning allows for the construction of an additional three stories. The property generates a rental income of $160,200, with operating expenses of $40,506, resulting in a net operating income of $119,694. With a 6% CAP rate and $120,000 in annual net profit, the property offers immediate income and long-term appreciation potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Zipcar Location Transportation Service SuuChef Spanish Restaurant Fernando Faraldo News Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manhattan
    County
    New York
    State
    New York
    Longitude
    -73.9406805
    Latitude
    40.7996561

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    FAQs

    What type of property is this?
    Apartment building - 12-unit, rent-stabilized building in prime location with income potential.
    Where is this apartment building located?
    The property is located at 1889 Lexington Ave, Unit New York Manhattan, NY.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: - High Net Operating Income: $119,694 annually with a 6% CAP rate, providing immediate income.; - Stable Rental Income: Fully occupied, generating $160,200 annually from rent-stabilized apartments.; - Prime East Harlem Location: Enjoy being surrounded by shopping and dining options.
    (347) 677-9655
    Request Owner's contact information
    1889 Lexington Ave, Unit New York Manhattan, NY 10035
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1889 Lexington Ave, Unit New York Manhattan, NY 10035
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