1705 Lexington Avenue

About this property

Cushman & Wakefield has been exclusively retained to arrange the sale of 1705 Lexington Avenue.​ The subject property is a 20’ wide, ~6,000 SF mixed use building located on the corner of East 107th street and Lexington Avenue.​

1705 Lexington Avenue is an 8-unit, mixed-use walk-up building in East Harlem with 6 Free Market residential units, one commercial space, & one management office.​ This property was gut rehabbed in 2009 and boasts condo like finishes with washer dryers in each unit.​ The residential component is comprised of 1 one-bedroom apartment and 5 two-bedroom apartments.​ The commercial tenant recently signed a 10-year lease with 5% increases each year until 2030.​ The management office is currently vacant and allows for future ownership to lease it and collect income.​

The subject property sits on the corner of East 107th Street and Lexington Avenue which is situated in the East Harlem neighborhood of Manhattan.​ The property is a short walk from the Lexington Avenue 4 & 6  train which can be accessed at East 103rd Street & East 110th Street.​ This area is home to Harlem’s vibrant cultural hubs, local schools, and several parks and gardens.​ 

Listing Courtesy of Jordan Sutton, Robert Shapiro