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154 Lexington Ave 3,949 SF Specialty Building Offered For Sale in New York, NY 10016
INVESTMENT HIGHLIGHTS
- Redevelopment Opportunity
- Corner Location
EXECUTIVE SUMMARY
PROPERTY FACTS Under Contract
| Sale Type | Investment | Lot Size | 0.09 AC |
| Sale Condition | Redevelopment Project | Building Size | 3,949 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Religious Facility | Year Built | 1910 |
| Building Class | B | Tenancy | Single |
| Zoning | C6-2A - C6 districts permit a wide range of high-bulk commercial uses requiring a central location | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Building Class | B |
| Lot Size | 0.09 AC |
| Building Size | 3,949 SF |
| No. Stories | 1 |
| Year Built | 1910 |
| Tenancy | Single |
| Zoning | C6-2A - C6 districts permit a wide range of high-bulk commercial uses requiring a central location |
ABOUT 154 LEXINGTON AVE , NEW YORK, NY 10016
Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of a development site located at the southwest corner of Lexington Avenue and East 30th Street. The property features 49.33' of frontage on Lexington Avenue and 80' of frontage on East 30th Street. Currently home to the Moravian Church, this represents an opportunity for a buyer to develop the site to its maximum potential of 32,439 square feet provided that an approximately 6,677 square foot community facility space at the base of the building is returned to the church at no cost. Preliminary plans exist for an 11-story building of which the church would occupy part of the ground floor and lower level. The property is located in a neighborhood where recently developed condo buildings such as 90 Lexington Avenue to the south and 325 Lexington Avenue to the north have achieved sellouts of over $2,000 per square foot. The site sits at one of the most popular corners in Murray Hill home to the only Dover Street Market in the United States, and the recently renovated Ramada East Hotel. Additionally, it is within two blocks of the 6 train stop at 28th Street and in close proximity to popular neighborhood eateries, such as Penelope and Vezzo. This is rare opportunity to acquire a boutique corner development site in Murray Hill.
PROPERTY TAXES
| Parcel Number | 0885-0071 | Improvements Assessment | $430,363 CAD |
| Land Assessment | $688,834 CAD | Total Assessment | $1,119,197 CAD |
PROPERTY TAXES
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154 Lexington Ave
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