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$4,500,000

141 Lexington Avenue Property, New York, Ny 10016

  • 6 Beds
  • 7 Baths
  • 960 Sqft lot
  • Updated: July 23
  • 2
    Views for last 30 days
  • 2
  • MLS#23532228

About the Property

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 - ste
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

…

  • Property type

    Apartment

  • Year built

    1910

Features

  • Fireplace
  • Equestrian
  • Investment Property
  • Basement
  • High Ceiling
  • Renovated
  • Air Conditioning
  • Laundry Room
  • 2D Floor Plan

Explore the Area

141 Lexington Avenue PROPERTY, NEW YORK, NY 10016, United States View on Google Maps
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Jeff Edelson Jeff Edelson background

Jeff Edelson

Joined 7 years ago
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Jeff Edelson
New York, United States
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Jeff Edelson Jeff Edelson background
3
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2020
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Corcoran East Side
Corcoran East Side
590 Madison Ave 8th Floor, 10022, New York, New York, United States
View agency profile
Last updated
July 23
First listed
Sep 26, 2025
Listing reference
kqn2l3
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