1164 1st Ave 18 Unit Apartment Building $7,989,500 CAD ($443,861 CAD/Unit) 5.81% Cap Rate New York, NY 10065

Prime Upper East Side Mixed-Use Investment | Lenox Hill
Located in the highly desirable Lenox Hill neighborhood of Manhattan’s Upper East Side, this well-maintained 5-story mixed-use building presents a rare opportunity to acquire a stabilized, income-producing asset in a premier NYC location.
Investment Highlights:
Asking Price: $5,800,000
Approximately $400,000 below appraised value
5-story mixed-use building
16 residential units + 2 retail units
Approx. 7,600 SF
Approximately 94% occupancy
NOI: ~$337,000
Cap Rate: 5.82%
Property Overview:
The property is in good condition with a strong tenant base, offering consistent in-place income. The residential units benefit from steady demand in the Upper East Side rental market, while the ground-floor retail adds diversified income.
Location Highlights:
Prime Lenox Hill / Upper East Side location. Walking distance to Trader Joe’s, TJ Maxx, Home Depot, and numerous restaurants. Surrounded by major medical institutions and hospitals. Convenient access to multiple subway lines including 4, 5, 6, N, R, Q, F, M, and W trains, with nearby stations at 59th Street–Lexington Avenue and 63rd Street.
Why This Investment:
Stabilized asset with strong in-place cash flow and upside potential. Positioned in a high-demand Manhattan submarket with limited supply. Ideal for investors seeking long-term growth and income stability.
For additional information, including rent roll and financials, please contact:
646-287-7162 | 917-325-3009
Co-broke welcome.