1889 Lexington Avenue New York Manhattan, NY 10035
- Added:
- Nov 10, 2025
- Days on Market:
- 179
- Last Refresh:
- May 8 at 5:06 pm
Property Features for 1889 Lexington Avenue New York
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R7DC1-5
- Rooms
- Basement
- Basement
- Full, Finished
- Standard status
- Active
- APN
- 1645-0153
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 12708
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
Listing agent Wen Pin Tsai (718) 353-8818
Listing office Chous Realty Group Inc 4203 162nd St, Flushing, NY (718) 353-8818
Listing date Nov 10, 2025
MLS# 934278
Copyright © 2026 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.
HighLights
- 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.
- Development Potential: Zoned for hotel operation and potential to build three additional stories.
- Mix of Apartment Types: Includes Studios, One‑Bedroom, and Two‑Bedroom units, catering to diverse tenant needs.
- Well‑Maintained & Renovated: Featuring a fire sprinkler system and renovated pre‑war apartments.
Overview
East Harlem Multifamily Investment Opportunity
This 12-unit multifamily building is located in the heart of East Harlem, New York. The renovated walk-up property features spacious pre-war apartments, including five one-bedroom units, six studio apartments, 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 nearby. The building is zoned for hotel operation, if desired. 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% capitalization rate and $120,000 in annual net profit, the property offers immediate income and long-term appreciation potential. The building has a fire sprinkler system installed.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Zipcar Location
Freight Service
SuuChef
Restaurant
Fernando Faraldo
Newspaper & Magazine
Location Insight
- Map
- Local Demand
- City
- Manhattan
- County
- New York
- State
- New York
- Longitude
- -73.9406805
- Latitude
- 40.7996561
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 12-unit, rent-stabilized building in prime East Harlem location.
Where is this apartment building located?
The property is located at 1889 Lexington Avenue New York Manhattan, NY.
What is the asking price?
The asking price for this property is $1,890,000.
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.
