Current Use by Public Records
- Specialty properties
Property Details for 281 Lexington Ave
- Year built
- 1882
- Property type
- Specialty properties
- Property subtype
- Churches & religious facilities
Description
This exceptional property, located at 281-283 Lexington Avenue in Manhattan's Murray Hill neighborhood, presents a unique investment opportunity. Built in 1882, this two-building complex boasts 19,000 to 23,000 square feet across five stories, encompassing 36 dormitory-style bedrooms, each with marble shower baths. The property also features a library, several large event rooms, and a dining room with lounge. The building offers soaring ceiling heights ranging from 9 to 12.5 feet, a vented kitchen with existing equipment, and flag branding rights. Currently vacant and ready for immediate possession, this historically significant building is ideally suited for a variety of uses, including government missions, embassies, consulates, family office headquarters, non-profits, medical offices, social or private clubs, alumni association centers, or art galleries. The property sits on a 4,080 square foot lot and is zoned R10. Its prime location offers unparalleled access to major transportation hubs, including Penn Station, Grand Central Terminal, the Port Authority Bus Terminal, and the 4 and 6 subway lines. The surrounding area is known for its affluence and proximity to the United Nations, Alexandria Center for Life Sciences, and major hospitals. While not landmarked, the building retains much of its original character, representing a rare opportunity to own a piece of Manhattan history. The asking price is $8,250,000. Note that air rights were previously sold.
Value Estimations
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9783
- Latitude
- 40.748
