$5,495,000
Updated 7 years ago
Off Market

127 Lexington Ave

Kips Bay, Manhattan | East 28th Street & East 29th Street

6,776 Square FeetRental Property

$5,495,000
floors / apts5 / 5
Lot Size22'x80'
Built Size22'x57'
ZoneR-10
Building TypeTownhouse
RE Taxes$46,344
Price Per SF
$811

Listing Features

  • Original Details
  • Central AC
  • Gas Heat

Outdoor space and views

  • Backyard
  • Garden
  • City Views
  • Courtyard
  • Skyline Views
  • Townhouse Views

Building Amenities

  • Voice Intercom
  • Backyard

Property Description for 127 Lexington Ave

> ***EXTRA WIDE-22', 5 STORY WALK-UP MIXED-USE BUILDING WITH A 700 SQ. FT BACKYARD*** New electrical, gas heating, sidewalk, boiler, upgraded plumbing, new central AC for the commercial space, build out wine cellar. > ***The property is comprised of a French restaurant/bakery run by the owner on the ground floor, the owner lives in 2 bedroom/1 bath on the entire second floor, which can be be delivered vacant. > ***The fourth and fifth floors consist of 4 furnished short or long term apartments and the units are currently occupied with renters and can be delivered vacant.*** The 700 sq. ft garden/yard can be used as an extension of the restaurant.***MOTIVATED SELLER!!!

Listing History for 127 Lexington Ave

Now
06/02/2012
POM by Marcel Lindner
New York Manhattan Real Estate Inc.
04/20/2012
Contract Signed by Marcel Lindner
New York Manhattan Real Estate Inc.

Building Details for 127 Lexington Ave

OwnershipRental Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1900
Floors/Apts5/5
Learn More About the Building

Transit and Citi Bike

Subway

28 St
0.12 miles
33 St
0.22 miles
23 St
0.32 miles
28 St
0.39 miles
23 St
0.4 miles

Citi Bike

Lexington Ave & E 29 St
0.01 miles
E 30 St & Park Ave S
0.12 miles

Contact Agent

Contact Agent

Marcel Lindner
New York Manhattan Real Estate Inc.

Kips Bay | Manhattan

Quick Profile

If you take a walk through Kips Bay, which is loosely defined as the area between 23rd street and 34th street and the East River to almost Lexington, you’ll quickly learn it's a hodgepodge of sorts and not as well defined as other neighborhoods in New York City. Some New Yorkers say Kips Bay has an identity crisis because 1st, 2nd, and 3rd avenues are distinctly different from one another as you traverse them. Despite the perceived lack of neighborhood vibe there are others that appreciate its affordability and convenience.  

First Avenue is dominated by hospitals and hospital buildings such as NYU Medical Center and Bellevue Hospital to name a few. Second Avenue is a mosaic of convenience stores, fast food joints and nondescript brick buildings. Third Avenue is saturated with small bars and gastropubs and the twenty somethings that patronize them. 

No judgement against Kips Bay here. It’s a great neighborhood that is just as much a part of New York City as any other neighborhood. Kips Bay It’s bordered by Murray Hill to the North, Stuyvesant Town and Gramercy Park to the South, and Rose Hill to the West. The neighborhood is partly defined by newer high-rise apartments, brick rowhouses, and former tenement buildings. 

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. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 31653TH