1875 Lexington Avenue, NY
Predominantly Free Market Corner Mixed-Use Building
Overview
Key Highlights
- Price $13,900,000
- Units 22 FM out of 30 Residential Units
- Cap Rate 6.61%
- Location Adjacent to the 6 train
Investment Highlights
• 22 of 30 residential units are Free Market with strong rents
• Majority 2 BR & 3 BR apartments with room for rental growth
• 6 occupied retail tenants
• Over $60,000 in commercial tax reimbursements
• Nominal deferred maintenance
• All of the Free Market apartments have been renovated
• One block from the popular retail thoroughfare of 116th Street
• 1 block from the 6 train
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