- For Sale $13,900,000
- Property Type Retail
- Property Size 10,000 SF
- Additional Rent Contact for pricing
- Date Updated Jun 21, 2024
Step into the enchanting world of Upper East Side luxury with a rare opportunity to own a collection of six retail condominium units on the prestigious Lexington Avenue. Nestled at the base of the iconic Philip House in Carnegie Hill, these historic spaces blend classic charm with modern allure.
Spanning an entire block front, these upscale units offer a total of 6,000 square feet on the ground floor and approximately 4,000 square feet in the cellar. With a mix of high-end tenants, including the beloved Flowers by Philip, the property embodies the vibrant spirit of the neighborhood.
Currently yielding high returns, the property boasts a cap rate in the mid 6’s. Projections suggest an even more enticing 8% cap rate with the vacancies leased at market rate. The recent lease renewal with Flowers by Philip for another 10 years, at the same price with minor increases, underscores the enduring appeal of this prime location.
In the heart of Carnegie Hill, where tradition meets contemporary living, these retail units stand as a testament to the timeless elegance of New York City’s Upper East Side. Embrace the opportunity to be part of its rich history and dynamic future.
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Contacts
Location
Getting Around
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Walk Score ®
100/100
Walker's Paradise
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Transit Score ®
100/100
Rider's Paradise
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Bike Score ®
84/100
Very Bikeable
- City New York, NY
- Neighborhood Carnegie Hill
- Zip Code 10128
- Market Manhattan
Points of Interest
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East 86th Street & Lexington Avenue at Northeast Corner
0.10 miles
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East 86th Street & Lexington Avenue at Northwest Corner
0.10 miles
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East 86th Street & Lexington Avenue at Southeast Corner
0.12 miles
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East 86th Street & Lexington Avenue at Southwest Corner
0.12 miles
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86th Street & 2nd Avenue at Northeast Corner
0.26 miles
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86th Street & 2nd Avenue at Southeast Corner
0.26 miles
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83rd Street & 2nd Avenue at Northeast Corner
0.34 miles
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94th Street & 2nd Avenue at Southwest Corner
0.35 miles
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East 96th Street & Lexington Avenue at Southeast Corner
0.38 miles
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94th Street & 2nd Avenue at Northeast Corner
0.38 miles
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Shell
0.51 miles
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ChargePoint
0.53 miles
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plugNYC
0.65 miles
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Mobil
0.95 miles
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ChargePoint
1.14 miles
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Tesla Supercharger
1.36 miles
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Mobil
1.44 miles
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Shell
1.52 miles
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ChargePoint
1.53 miles
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BP
1.61 miles
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Quik Park
0.03 miles
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Knickerbocker Plaza Car Park
0.26 miles
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Astor Terrace Parking Garage
0.32 miles
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Metropolitan Museum
0.53 miles
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Mount Sinai
0.54 miles
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MPG
0.58 miles
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Surrey Garage
0.72 miles
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iClean
0.79 miles
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Motorgate Public Parking Garage
1.17 miles
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Edison ParkFast
1.20 miles
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Dig
0.04 miles
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Bocado Cafe
0.05 miles
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Yasouvlaki
0.08 miles
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Wok 88
0.08 miles
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Popeyes
0.08 miles
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Siena Cafe
0.08 miles
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Ooki Sushi
0.10 miles
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Naruto Ramen
0.10 miles
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Lolita's Kitchen
0.11 miles
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Thai Hot Box
0.11 miles
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Gristedes
0.05 miles
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Whole Foods Market
0.11 miles
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Target
0.13 miles
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Morton Williams
0.20 miles
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Westside Market
0.20 miles
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Fairway Market
0.22 miles
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Key Food
0.29 miles
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Patrick Murphy Market
0.29 miles
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Gristedes
0.31 miles
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C-Town
0.36 miles
Frequently Asked Questions
How much does 1311 Lexington Ave cost?
The space currently listed for sale at 1311 Lexington Ave asks for $13,900,000.
What is the total square footage of 1311 Lexington Ave?
1311 Lexington Ave totals 10,000 square feet.
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Contact Listing Broker
Ricky Aryeh Is this you?
Kassin Sabbagh Realty
