316 Lexington Ave

A 19’ wide, 5 story plus penthouse, approximately 5,985 sq. ft. mixed-use building located on the west side of Lexington Avenue between East 38th and 39th Streets. The building is comprised of a vacant retail store and 9 apartments above. The second floor has tremendous ceiling heights with front and rear units. The front unit has a large living area with a sleeping loft raised above the kitchen and bathroom. The rear unit is a large one-bedroom with a renovated galley kitchen and skylight. Floors three through five have front and rear studio apartments with separate kitchen nooks and partitioned sleeping areas which are prime for one-bedroom conversions. The penthouse unit has a separate eat-in kitchen and living space with a large terrace with views of the Chrysler Building. The property is zoned R10 with a C1-5 overlay, having an FAR of 10.0. Transportation is readily accessible with Grand Central less than three blocks away.