Two mixed-use buildings at 1012 and 1018 Lexington Avenue, located on the west side of Lexington Avenue between East 72nd and East 73rd Streets on Manhattan’s Upper East Side, sold in an all cash transaction valued at $7,350,000.
1012 Lexington Avenue is a four-story building that is approximately 4,624 square feet and sits on a 17’ x 80’ lot. The building is fully occupied. It has retail on the first two floors and four newly renovated residential units on floors three and four.
1018 Lexington Avenue is a four-story building that is approximately 4,352 square feet and sits on a 17’ x 80’ lot. The building is fully vacant. The first two floors are designed for retail use. The third and fourth floors contain four renovated residential units.
The buildings are located within the Upper East Side Historic District and are just a short walk to Central Park.
“The buyer moved extremely quickly and closed in one week. Both investors and retailers were competing to buy on this strong retail corridor on Lexington Avenue,” said Massey Knakal First Vice President of Sales Guthrie Garvin who exclusively handled this transaction.
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Neighborhoods: Upper East Side