141 Lexington Avenue A
Listing Notes
141 Lexington Avenue - Kips Bay, Manhattan Now Offered at $4,500,000 Discover a rare investment opportunity in the heart of Manhattan. 141 Lexington Avenue is a fully leased, turn-key property featuring six free-market residential units and one ground-floor retail space , totaling 4,278 sq. ft. of prime real estate Property Highlights: Location: Kips Bay - steps from Murray Hill, NoMad and Gramercy Park Building Size: 16' x 85' (Lot: 16.25' x 85') Year Built: 1910 Renovated: 2019 Current NOI: $215,830 Low Taxes: $71,768 annually Unused FAR: 4,033 sq. ft. Features & Condition: Recently renovated with upgraded systems and interiors Pre-war charm with modern finishes Common laundry and storage in basement Fully occupied with free-market tenants - no rent regulation Neighborhood & Accessibility: Surrounded by top dining, entertainment and shopping Minutes to 28th Street (6 train), 33rd Street subway, and East River ferries Close to NYU Langone, Baruch College, and Midtown office Investment Upside: Rare free-market units in a high-demand rental market Strong cash flow with stable tenancy Potential for vertical expansion or condo conversion
Price in context
Cheaper than 29% of the 17 homes listed nearby right now, which run $2,695,000 to $6,500,000.
See all 17 nearby listings
| Address | Asking | Size |
|---|---|---|
| 368 3rd Avenue 11AA | $2,695,000 | 3 bd · 3.5 ba |
| 30 East 31st Street 32 | $2,750,000 | 2 bd · 2.5 ba |
| 425 Park Avenue South 14CD | $2,795,000 | 2 bd · 2.5 ba |
| 368 Third Avenue 12A | $2,845,000 | 3 bd · 3.5 ba |
| 30 East 31st Street 38 | $2,895,000 | 2 bd · 2.5 ba |
| 30 East 31st Street 9 | $2,900,000 | 2 bd · 2.5 ba |
| 120 East 29th Street TH1 | $3,000,000 | 2 bd · 3 ba |
| 151 East 29th Street NA | $3,750,000 | 5 bd · 4 ba |
| 400 Park Avenue South 38B | $3,795,000 | 2 bd · 2.5 ba |
| 207 East 31st Street | $3,950,000 | 3 bd · 2.5 ba |
| 34 East 30th Street 8 | $4,100,000 | 3 bd · 2 ba |
| 88 Lexington Avenue 307 | $4,300,000 | 3 bd · 3.5 ba |
| 435 Park Avenue South | $4,500,000 | Studio · 2 ba |
| 400 Park Avenue South 35B | $4,850,000 | 3 bd · 3 ba |
| 88 Lexington Avenue 1206 | $4,995,000 | 3 bd · 4 ba |
| 117 East 29th Street 6B | $5,395,000 | 3 bd · 3 ba |
| 105 East 29th Street 12PH | $6,500,000 | 3 bd · 3.5 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more
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