Building Details

Building Size 1,800 SF

Year Built 1921

Listing Agency: Brown Harris Stevens Residential Sales LLC

Listed By: Kirsten Dian Aiello Show Phone

Source: Howardhannanyc

Added: Oct 1 Changed: Oct 6 Last Checked: Oct 7 at 5:36PM

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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

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.

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 (±1% cap)

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 (±1% cap)

NOI $89,587 @ 7.0% cap · market cap 5.12%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Kleban Carl, MD Physician Tranquil Paws Veterinary Alternative Medicine Practice Food Liberation Restaurant CHESSABILITY NYC Tutoring Service 89 Montclair Cleaners (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Real Estate Agency Auto Repair Shop Accounting Firm Big Box & Wholesale Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Residential units

Location Intelligence

Trade Area within ½ mile

18,500

Businesses Nearby

Explore this area 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

Questions? Ask Rey

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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 New York City, 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