Property
| Ownership: | Multi-Family |
|---|---|
| Rooms: | 12 |
| Bedrooms: | 4 BR |
| Bathrooms: | 4 |
| Pets: | Unknown |
Financials
Price:$2,750,000
Real estate tax:$23,737
505 Park Ave, New York, NY 10022
Phone: +1 212-252-8772
Listing Courtesy of Modern Spaces, LLC LIC
DELIVER VACANT. FULLY APPROVED PLANS.
Description
DELIVER VACANT. FULLY APPROVED PLANS. OBTAIN NEW 4-FAMILY C of O.
START WORK TOMORROW. CASH FLOW IMMEDIATELY.
Modern Spaces is proud to exclusively present 1694 Lexington Avenue - a prime Four-Family investment in the heart of East Harlem, Manhattan - in the epicenter of Manhattan’s hottest growth corridor. With approved plans for a full interior renovation and a new 4-Family Certificate of Occupancy to be obtained, this property is delivered renovation-ready - ideal for immediate construction and swift income generation.
Prime Urban Infill Location:
Easy access to 6 train, MTA buses, FDR Drive, I-278 & I-95, & RFK Bridges.
Minutes to Central Park, Thomas Jefferson Park, and Randalls Island - green space on demand.
Top-tier dining, retail, cultural hubs, groceries, museums, parks, playgrounds - for daily convenience.
Columbia University, Hunter College, and elite schools – built-in tenant pipeline.
Close proximity to the Upper East Side and Upper West Side - luxury retail & dining are just blocks away.
Rare owner-occupant or full-rental play: live in one unit while leasing the others—or maximize cash flow with a full four-unit rental strategy.
This is a turnkey value-add opportunity in one of Manhattan’s fastest-appreciating corridors. Contact us today to secure plans and schedule a private tour, before the next bidder does!
SUMMARY
Block/Lot 1634/16
Zone R7D
Lot 1250.25 SF (16'8"x75')
Building 3757.57 SF Gross
Max FAR 4.66
Max Allowable 5826.17 SF
All material presented herein is intended for information purposes only. All dimensions are approximate and subject to construction variances. Plans, layouts, and dimensions may contain minor variations from floor to floor. The buyer should verify all information with their own attorney, architect, or zoning expert. Equal Housing Opportunity.
START WORK TOMORROW. CASH FLOW IMMEDIATELY.
Modern Spaces is proud to exclusively present 1694 Lexington Avenue - a prime Four-Family investment in the heart of East Harlem, Manhattan - in the epicenter of Manhattan’s hottest growth corridor. With approved plans for a full interior renovation and a new 4-Family Certificate of Occupancy to be obtained, this property is delivered renovation-ready - ideal for immediate construction and swift income generation.
Prime Urban Infill Location:
Easy access to 6 train, MTA buses, FDR Drive, I-278 & I-95, & RFK Bridges.
Minutes to Central Park, Thomas Jefferson Park, and Randalls Island - green space on demand.
Top-tier dining, retail, cultural hubs, groceries, museums, parks, playgrounds - for daily convenience.
Columbia University, Hunter College, and elite schools – built-in tenant pipeline.
Close proximity to the Upper East Side and Upper West Side - luxury retail & dining are just blocks away.
Rare owner-occupant or full-rental play: live in one unit while leasing the others—or maximize cash flow with a full four-unit rental strategy.
This is a turnkey value-add opportunity in one of Manhattan’s fastest-appreciating corridors. Contact us today to secure plans and schedule a private tour, before the next bidder does!
SUMMARY
Block/Lot 1634/16
Zone R7D
Lot 1250.25 SF (16'8"x75')
Building 3757.57 SF Gross
Max FAR 4.66
Max Allowable 5826.17 SF
All material presented herein is intended for information purposes only. All dimensions are approximate and subject to construction variances. Plans, layouts, and dimensions may contain minor variations from floor to floor. The buyer should verify all information with their own attorney, architect, or zoning expert. Equal Housing Opportunity.
Amenities
- Voice Intercom
- Walk-up
Neighborhood
More listings:
RLS Data display by Nest Seekers LLC.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
