Financial
Distress signals
Property profile

1889 Lexington Ave New York, NY 10035

OFF-MARKET
Residential income homes
Property ID
US63-2969045
2,340 SF 0.03 ac lot Built 1890
Last sale Jun 2013 · $425,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This 12-unit multifamily walk-up building is located in East Harlem, New York, and is characterized by renovated pre-war apartments. The unit distribution consists of five one-bedroom units, six studio units, and one two-bedroom unit. The building is equipped with a fire sprinkler system and is subject to rent stabilization under its current housing program structure. The property is zoned for hotel operation if desired, and it has potential for vertical expansion of approximately three

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$13k
Tax billed · 2024
Assessed value$102k
Assessed land$25k
Assessed improvement$76k
Effective rate12.50%

Value estimate

· Sep 2026
$655k
$590k – $721k

Realmo valuation models over county records and 14 qualifying comparable sales.

Recently sold

What actually traded nearby?
$541/SF
Submarket average, outlier-cleaned · 921 recorded sales of this use type
Observed band · Q1–Q3$244 – $996
Qualifying comparables14

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R7D
M1-5/R7D 5.6 M1-5/R7X 6.0 M1-5/R9A 8.5 M1-5/R9X, south of East Houston Street 9.7 M1-5/R10 and M1-6/R10 12.0 the floor area ratio for com...
General categoryRESIDENTIAL
JurisdictionNEW YORK(MANHATTAN)

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm145.1
Realty agency78.1
Acupuncture27.8

Location

1889 Lexington Ave New York, NY 10035-4781
County assessor Recorded deeds · 3 transfers 14 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
515 12th E 118th, New York, NY 10035-4401 $1,800,000 Jan 2026 2,400 SF
21 126th, New York, NY 10035-1526 $1,300,000 Dec 2025 2,726 SF
2117 5th, New York, NY 10035-1035 $1,950,000 Oct 2023 3,735 SF
51 126th, New York, NY 10035-1600 $1,686,494 Jun 2023 3,812 SF
23 127th, New York, NY 10035-1203 $1,425,000 Aug 2021 2,560 SF
1990 Madison, New York, NY 10035-1534 $2,500,000 Nov 2019 4,400 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1889 Lexington Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message