1390 Lexington Ave

Unique opportunity to purchase 58% of 1390 Lexington Avenue, consisting of 3 residential floor-through units with separate entrance, above a commercial space which has a separate owner. 1390 Lexington Avenue is a 1920, 4 story building, conveniently located between 91st & 92nd Streets on Lexington, across from the 92nd Street Y. Accessed through a private entrance, (next to the retail space, which is separately owned and not part of the sale), is the skylit stairwell to the 2nd, 3rd and 4th floor apartments. Apartment 2: Zoned residential and commercial and a half flight up is the approx 1,200 square foot floor-through 1 bedroom, 1 bath apartment with a huge (@ 550 sq foot) west-facing deck, surrounded by mature trees and lush gardens. It has a large east-facing front room with a wall of windows onto Lexington Ave, and a windowed kitchen off the spacious west-facing great room, with access to the deck. The current lease expires May 31, 2026. Apartment 3: This sunny, approx 1100 sq ft, apartment has a flexible floor plan consisting of 4.5 rooms facing east and west. It can be used as a 1 or 2 bedroom with separate office or den, renovated windowed kitchen, dining foyer, washer/dryer and a large updated bathroom. Hardwood floors and beamed ceilings add to the prewar charm. The current lease expires July 31, 2025. Apartment 4: Walk up 2 flights to this bright, 4.5 room, approx 1100 sq ft apartment, also with a flexible layout. This apartment works well as 1 or 2 bedrooms with an open, renovated, windowed kitchen with breakfast bar, living room and separate dining or office space. Additional features include washer/dryer, updated bath with skylight, hardwood floors and beamed ceilings. The current lease expires May 31, 2025. Possible uses include maintaining the property as income producing rentals or creating a triplex with substantial private outdoor space. Nestled in the heart of Carnegie Hill, 1390 Lexington is surrounded by the neighborhood’s best restaurants & shops, and a short distance to the express train at 86th St or the 96th street subway.