Three-Building Mixed-Use
For Sale
Contact for pricing
Pending
1509 Lexington Ave, New York, NY 10029
Three-property New York portfolio combines rent-stabilized residential units with commercial space and full occupancy.
Property SizeContact for details
Days on Market148
Property Features for 1509 Lexington Ave
General Information
Standard status
Pending
Property subtype
Mixed Use, Multifamily
Listing Agency:
Agnes Beall
Listed By:
Agnes Beall · License #10491203240
Source:
Crexi
Added: Apr 11
Changed: Sep 4
Last Checked: Aug 31 at 2:53PM
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 Agnes Beall
Investment Insights
Based on property information with market context.
This mixed-use portfolio comprises three buildings: two mixed-use properties and one multifamily property. The assets contain 19 units in total, including 17 residential units and 2 commercial units. Residential configurations include 1 studio, 12 one-bedroom units, and 4 three-bedroom units, with all residential units subject to rent stabilization. The portfolio provides approximately 16,000 net rentable square feet and approximately 17,500 square feet of air rights.
The buildings underwent a full gut rehabilitation in 2003 and are reported to have no DOB or HPD violations. Occupancy is stated at 100%. Two of the three properties are located within an opportunity zone, and the portfolio includes a J-51 exemption and tax benefits. The offering includes both residential and commercial components within the same three-property assemblage.
The buildings underwent a full gut rehabilitation in 2003 and are reported to have no DOB or HPD violations. Occupancy is stated at 100%. Two of the three properties are located within an opportunity zone, and the portfolio includes a J-51 exemption and tax benefits. The offering includes both residential and commercial components within the same three-property assemblage.
Key Highlights
- Three‑building portfolio with 2 mixed‑use properties and 1 multifamily property
- 17 residential units and 2 commercial units
- Unit mix includes 1 studio, 12 one‑bedroom, and 4 three‑bedroom units
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
13,944
Businesses Nearby
Explore this area
Business Placement
Demographics for 10029, NY
78,141
Population
36,955
Households
2.1
Avg Household Size
36
Median Age
36%
College-Educated
78%
High-School Grad
1.2 sq mi
ZIP Area
65,118
Density / Sq Mi
$38,308
Median Household Income
$41,951
Median Earnings
$1,183
Median Rent
$818,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-property New York portfolio combines rent-stabilized residential units with commercial space and full occupancy.
Where is this mixed-use property located?
The property is located at 1509 Lexington Ave New York, NY.
What are key features of this property?
This property features: Three‑building portfolio with 2 mixed‑use properties and 1 multifamily property; 17 residential units and 2 commercial units; Unit mix includes 1 studio, 12 one‑bedroom, and 4 three‑bedroom units
