Renovated Mixed-Use
For Sale
$12,750,000
860 LEXINGTON Avenue, New York City, NY 10021
Retail tenancy and two renovated residences create a blended commercial and residential income profile.
Property Size1,280 SF
Days on Market12
Property Features for 860 LEXINGTON Avenue
General Information
Standard status
Active
Size
1,280 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$121,704
Building Details
Building Size
1,280 SF
Year Built
1910
Listing Agency:
Douglas Elliman Real Estate
(917) 930-2540
Listed By:
Istvan Ritz · License #10401278591
(917) 930-2540
Source:
Tricialee
Added: Aug 20
Changed: Aug 31
Last Checked: Aug 31 at 12:54AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This fully renovated mixed-use building combines approximately 6,260 SF above grade with a finished commercial basement. The Certificate of Occupancy recognizes the lower level for commercial/store use, adding usable space beyond the stated above-grade area. The property includes two residences: a renovated 2-bedroom, 2-bathroom home with private outdoor space and a renovated 4-bedroom, 3.5-bathroom upper duplex penthouse with an approximately 600 SF private roof-deck terrace.
The commercial component is occupied by a long-standing retail tenant under leases extending through 2032. Contractual rent increases and real-estate-tax escalation provisions are included in the lease structure. The property is located at 860 Lexington Avenue on the Upper East Side, on the west side of Lexington Avenue between East 64th and East 65th Streets. The stated pro-forma cap rate is approximately 4.8%.
The commercial component is occupied by a long-standing retail tenant under leases extending through 2032. Contractual rent increases and real-estate-tax escalation provisions are included in the lease structure. The property is located at 860 Lexington Avenue on the Upper East Side, on the west side of Lexington Avenue between East 64th and East 65th Streets. The stated pro-forma cap rate is approximately 4.8%.
Key Highlights
- Approximately 6,260 SF above grade plus a finished commercial basement
- Certificate of Occupancy recognizes the basement for commercial/store use
- Retail leases extend through 2032 and include contractual rent increases
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
39,092
Businesses Nearby
Explore this area
Business Placement
Demographics for 10021, NY
45,691
Population
29,248
Households
1.6
Avg Household Size
41
Median Age
81%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
114,228
Density / Sq Mi
$156,712
Median Household Income
$99,886
Median Earnings
$3,002
Median Rent
$1,529,600
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 - Retail tenancy and two renovated residences create a blended commercial and residential income profile.
Where is this mixed-use property located?
The property is located at 860 LEXINGTON Avenue New York City, NY.
What is the asking price?
The asking price for this property is $12,750,000.
What are key features of this property?
This property features: Approximately 6,260 SF above grade plus a finished commercial basement; Certificate of Occupancy recognizes the basement for commercial/store use; Retail leases extend through 2032 and include contractual rent increases
