Prewar Maisonette
1349 LEXINGTON Avenue 1F, Manhattan, NY 10128
For Sale
$1,750,000
Flexible interior space accommodates a home office and can be arranged for three or four bedrooms.
Property Size1,800 SF
Price / SF$972.22
Days on Market40
Property Features for 1349 LEXINGTON Avenue 1F
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
wood-burning fireplace
roof deck
garden
children's playroom
laundry room
storage cage
Building Details
Building Size
Year Built
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Kirsten Dian Aiello
(917) 405-8544
Source:
Howardhannanyc
Added: Oct 1
Changed: Nov 9
Last Checked: Nov 8 at 4:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brown Harris Stevens Residential Sales LLC
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Investment Insights
Based on property information with market context.
This 1,800-square-foot maisonette is in a 1921 prewar cooperative building. The apartment has 11.5-foot ceilings, maple and oak floors, and a wood-burning fireplace. Its layout can be configured for three or four bedrooms, with a separate street entrance that can support a home office. An 8-foot storage cage is included. Building amenities include a roof deck, landscaped garden, children's playroom, and basement laundry room. In-unit washer and dryer installation is permitted; pets are welcome. Subletting and pied-à-terres are not permitted.
The property is in Carnegie Hill, near Central Park, the 92nd Street Y, public transportation, Whole Foods, and Fairway Market. Museums and schools are also part of the surrounding neighborhood.
The property is in Carnegie Hill, near Central Park, the 92nd Street Y, public transportation, Whole Foods, and Fairway Market. Museums and schools are also part of the surrounding neighborhood.
Key Highlights
- 1,800‑square‑foot maisonette with a separate street entrance
- 11.5‑foot ceilings, maple and oak floors, and a wood‑burning fireplace
- Layout can be configured for three or four bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,199
Cap Rate
3.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,123,980
$1.1M
Cap Rate 7%
$802,843
$802.8K
Cap Rate 9%
$624,433
$624.4K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$107.8K $59.88/SF
− Vacancy
−$5.6K −$3.11/SF
EGI
$102.2K $56.77/SF
− OpEx
−$46.0K −$25.54/SF
NOI
$56.2K $31.22/SF
Area
ZIP 10128
Vacancy
5.20%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,123,980
Cap Rate 7%
$802,843
Cap Rate 9%
$624,433
Alternative Uses
Best Use
Apartment 5plus
$802.8K
$702.5K – $936.7K
NOI $56,199 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,587 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
18,500
Businesses Nearby
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Business Placement
Demographics for 10128, NY
64,249
Population
35,940
Households
1.8
Avg Household Size
38
Median Age
77%
College-Educated
96%
High-School Grad
0.5 sq mi
ZIP Area
128,498
Density / Sq Mi
$148,705
Median Household Income
$103,078
Median Earnings
$2,648
Median Rent
$1,295,600
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - Flexible interior space accommodates a home office and can be arranged for three or four bedrooms.
Where is this residential income property located?
The property is located at 1349 LEXINGTON Avenue 1F Manhattan, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 1,800‑square‑foot maisonette with a separate street entrance; 11.5‑foot ceilings, maple and oak floors, and a wood‑burning fireplace; Layout can be configured for three or four bedrooms
