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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

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.
More about this property
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