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860 Lexington Ave 2 Unit Apartment Building $12,750,000 ($6,375,000/Unit) 4.72% Cap Rate New York, NY 10065
Investment Highlights
- Prime Upper East Side / Lennox Hill
- Dramatic Double-Story Glass Storefront
- Fully Renovated with modern, luxury finishes
- Heavy Foot Traffic, Luxury Retail Corridor
- Long Term Established Commercial Tenant
- Private Residential terrace and Roof Deck
Executive Summary
Investment Sale - Fully Leased Mixed-Use Property in prime Upper East Side. Long term commercial tenant through 2032 plus 2 luxury residential units: 2 bedroom 2 bathroom and a 4 bedroom 3.5 Bathroom with private outdoor spaces (roofdeck). Approximately 6260SF above grade PLUS a finished commercial basement lease by the commercial tenant. Approximately 4.7% pro-forma cap rate.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $12,750,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $6,375,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.03 AC |
| Cap Rate | 4.72% | Building Size | 6,960 SF |
| Gross Rent Multiplier | 17.4 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 5 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2015 |
| Property Subtype | Apartment | ||
| Zoning | C1-8X - Zoning: C1-8X This is a high-density commercial district that permits a mix of residential and commercial uses. | ||
| Price | $12,750,000 |
| Price Per Unit | $6,375,000 |
| Sale Type | Investment |
| Cap Rate | 4.72% |
| Gross Rent Multiplier | 17.4 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.03 AC |
| Building Size | 6,960 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built/Renovated | 1910/2015 |
| Zoning | C1-8X - Zoning: C1-8X This is a high-density commercial district that permits a mix of residential and commercial uses. |
Amenities
Unit Amenities
- Balcony
- Fireplace
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $6,700 | 1,000 |
| 4+3.5 | 1 | $15,000 | 2,015 - 2,016 |
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 1399-0058 | Total Assessment | $978,410 (2026) |
| Land Assessment | $473,365 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $505,045 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
1399-0058
Land Assessment
$473,365 (2026)
Improvements Assessment
$505,045 (2026)
Total Assessment
$978,410 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
860 Lexington Ave