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1311-1337 Lexington Ave New York, NY 10021

For Sale
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Six retail condominium units on Lexington Avenue's prestigious Upper East Side.

Property size:
10,000 SF
Lot size:
0.48 Acres

Property Features for 1311-1337 Lexington Ave

General Information

Size
10,000 SF
Lot size
0.48 Acres

Source: Kassin Sabbagh Realty (KSR) Agent Ricky Aryeh

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Lexington Avenue Retail Condominium Units

A collection of six retail condominium units is available on Lexington Avenue in the Upper East Side, situated at the base of Philip House in Carnegie Hill. These units offer a total of 6,000 square feet on the ground floor and approximately 4,000 square feet in the cellar, spanning an entire block front. The property currently yields high returns, with a cap rate in the mid 6’s. Projections suggest an 8% cap rate with the vacancies leased at market rate. A recent lease renewal with Flowers by Philip for another 10 years, at the same price with minor increases, underscores the enduring appeal of this prime location. The property embodies the vibrant spirit of the neighborhood.
Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
New York
County
New York
State
New York
Longitude
-73.9544378
Latitude
40.7808454

FAQs

What type of property is this?
Retail space - Six retail condominium units on Lexington Avenue's prestigious Upper East Side.
Where is this retail space located?
The property is located at 1311-1337 Lexington Ave New York, NY.
What are key features of this property?
This property features: - Prime Lexington Avenue location in Carnegie Hill at the base of the iconic Philip House.; - High current cap rate in the mid 6's with potential to reach 8% with vacancies leased.; - Collection of six retail condominium units totaling 6,000 square feet on the ground floor and 4,000 square feet in the cellar.
More about this property
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