1694 Lexington Ave New York, NY 10029
Renovation-ready four-family property in East Harlem with approved plans.
Lot size:
0.03 AcresProperty Features for 1694 Lexington Ave
General Information
- Property type
- Multi Family
- Standard status
- Active
- Lot size
- 0.03 Acres
Building Details
- Year built
- 1910
Source:
Elliman
Listing Agent: Ka I Chan
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
East Harlem Four-Family Investment Opportunity
Located in East Harlem, Manhattan, this four-family property presents an investment opportunity in a rapidly growing area. The property comes with approved plans for a full interior renovation and a new four-family Certificate of Occupancy. The location provides convenient access to the 6 train, MTA buses, FDR Drive, I-278, I-95, and RFK Bridges. Several green spaces are nearby, including Central Park, Thomas Jefferson Park, and Randalls Island. The area is supported by a variety of dining, retail, cultural venues, groceries, museums, parks, and playgrounds. Columbia University, Hunter College, and other schools are located nearby. The property is located close to the Upper East Side and Upper West Side, with their luxury retail and dining options. The property allows for either owner-occupancy or full-rental strategies. The lot size is 1250.25 square feet (16'8"x75'), and the building has a gross area of 3757.57 square feet. The maximum Floor Area Ratio (FAR) is 4.66, with a maximum allowable area of 5826.17 square feet. The property includes new floors, HVAC, electricals, plumbing, and a new main water service line.
Location Intelligence
Current Use by Public Records
The Rolando Cortez Mausoleum
Social Service Agency
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9462557
- Latitude
- 40.7925276
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FAQs
What type of property is this?
Quadplex - Renovation-ready four-family property in East Harlem with approved plans.
Where is this quadplex located?
The property is located at 1694 Lexington Ave New York, NY.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: - Fully approved plans and ability to obtain a new 4-Family Certificate of Occupancy, making it renovation-ready for immediate construction.; - Prime East Harlem location in a rapidly appreciating area, offering strong potential for value appreciation.; - Turnkey value-add opportunity allowing for immediate cash flow generation.
