Updated 6 days ago

851 Lexington Ave

Upper East Side, Manhattan | East 64th Street & East 65th Street

10 Rooms4 Beds6 Baths4,060 Square FeetMixed Use

floors / apts4 / 4
Lot Size16'5"x80'
Built Size17'x80'
Building TypeTownhouse
RE Taxes$135,241
Price Per SF

Building Amenities

  • Voice Intercom

Property Description for 851 Lexington Ave

INVESTMENT HIGHLIGHTS: Fantastic Potential: This building offers an exceptional investment opportunity with great potential. The presence of 7,080 SF of unused air rights opens up significant possibilities for future development, maximizing the property's value and profitability. EXECUTIVE SUMMARY: Nestled on a 16.5ft x 80sf lot, this impressive 4-story walkup building is a gem waiting to be discovered. Comprising 4 residential units and 2 stores, it presents a diverse range of income streams that contribute to its investment appeal. The property's prime location on 63rd Lexington Ave ensures easy access to subway stations, adding to the convenience for both residents and potential customers. What truly sets this property apart is the untapped potential of 7,080 SF of unused air rights. This untapped resource provides an exciting opportunity for future expansion, allowing for further development and enhanced profitability. By investing in this property, you not only benefit from its current income-generating capabilities but also position yourself for future growth and value appreciation. Don't let this opportunity pass you by. For more detailed information or to arrange a private viewing, please reach out to our dedicated team. We are committed to guiding you through this investment journey and helping you make an informed decision. The building receives regular scheduled maintenance.

The property is well positioned with excellent access to public transportation. The area surrounding 851 Lexington Avenue is a shopper's and food lover's paradise. With a multitude of retail stores, boutiques, and restaurants, there's something to cater to every taste and preference. Explore the diverse range of shops offering high-end fashion, unique artisanal products, and trendy local finds. When it comes to dining, the neighborhood boasts an impressive selection of restaurants, cafes, and eateries, serving up a variety of cuisines and flavors. Whether you're in the mood for upscale dining or casual bites, the vibrant retail and dining scene surrounding 851 Lexington Avenue provides endless options for residents and visitors to indulge and explore.

Listing History for 851 Lexington Ave

Initial Price by Jeffrey Zoldan
Brown Harris Stevens

Building Details for 851 Lexington Ave

OwnershipMixed Use
Building TypeTownhouse
Service LevelVoice Intercom
Year Built1910
Learn More About the Building

Transit and Citi Bike


Lexington Av/63 St
0.07 miles
68 St-Hunter College
0.2 miles
Lexington Av/59 St
0.22 miles
59 St
0.24 miles
5 Av/59 St
0.41 miles

Co-exclusive agents

Co-exclusive agents

Jeffrey Zoldan
Brown Harris Stevens
Julie Moon
Brown Harris Stevens Residential Sales LLC
View this property on the company's website

Upper East Side | Manhattan

Quick Profile

Exuding a cosmopolitan, refined air that is reminiscent of Paris or other European cities, the Upper East Side (the UES, to local cognoscenti) has a reputation as being a bastion of wealth and privilege. Even though it was built by American “royalty” families like the Vanderbilts, Roosevelts, Kennedys, Carnegies and Rockefellers, whose elaborate mansions once anchored Fifth Avenue, there are affordable housing options throughout the neighborhood. The further east you move, away from Central Park and the more commercial avenues, the more likely you are to find quiet, tree-lined streets with historic townhouses and brownstones. Keep your eye out for reasonably priced apartments in pre-war low-rise and even a few high-rise buildings.

With abundant, beautifully landscaped green spaces, including the oasis of Central Park acting like a backyard, the area is quiet and lushly green. You can relax and unwind in John Jay Park, Carl Schurz Park or take a stroll along the East River Promenade. The whole neighborhood seems isolated from the workaday chaos of the city at large. Add to that the history of the neighborhood and the abundance of cultural institutions, and you have a uniquely welcoming neighborhood.

Known for its abundance of high-end retail shopping, especially on Madison Avenue, the Upper East Side is host to the Barneys New York flagship department store. Here you can find upscale goods, fashion and home decor items. You will also find the edgy runway-inspired Alexander McQueen collections. If you are dying to treat your feet to red-soled opulence, be sure to visit the Christian Louboutin boutique. These are only a small sampling of this high-end shopper’s paradise that features everything from designer boutiques that offer the ultimate in haute couture to resale shops where you can find last season’s best on sale at hefty discounts .

There are many unique dining experiences, from fine dining to the casual bite-on-the-go, awaiting you in the UES. Sushi is going through a renaissance in the city, and the best omakase-style sushi can be found at Sasabune on E 73rd Street. Omakase sushi means that you leave the choice of ingredients, preparation method and presentation to the chef. Elegant French cuisine can be experienced at JoJo, E 64th Street, housed in gorgeous townhouse. Just for fun, visit the Lexington Candy Shop on Lexington Avenue, to get a taste of an old-fashioned soda fountain.

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: 30148TH