$5,500,000 $5,950,000
Updated 16 hours ago
Price drop

141 Lexington Ave

Kips Bay, Manhattan | East 29th Street & East 30th Street

8 Rooms6 Beds6 Baths5,868 Square FeetMixed Use

$5,500,000 $5,950,000
floors / apts4 / 6
Building TypeTownhouse
RE Taxes$76,210
Price Per SF
$937

Building Amenities

  • Voice Intercom

Property Description for 141 Lexington Ave

INVESTMENT HIGHLIGHTS
  • Fully leased Mixed-Use building
  • 6 Free market rental units and 1 commercial space
  • Recently renovated
  • 4000+ Square Foot in unused FAR and Air Rights
  • Prime location for shopping and restaurants
  • Exceptionally Accessible to MTA and Bus Stops
141 Lexington Ave is a prime investment opportunity in the heart of Kips Bay, offering a fully leased mixed-use building with six free-market residential units and one commercial space. Recently renovated, this property boasts modern upgrades while maintaining its classic New York charm. With over 4,000 square feet of unused FAR and air rights, there is significant potential for future development. Situated in a vibrant neighborhood known for its top-tier shopping and dining options, the building is exceptionally accessible, with multiple MTA subway lines and bus stops just steps away.

Listing History for 141 Lexington Ave

Now
03/31/2025
$5,500,000 [-$450,000] [7.6%]
Price Drop by Peter Seymour
Corcoran
03/10/2025
$5,950,000
Initial Price by Peter Seymour
Corcoran

Building Details for 141 Lexington Ave

OwnershipMixed Use
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Floors/Apts4/6
Learn More About the Building

Transit and Citi Bike

Subway

28 St
0.13 miles
33 St
0.19 miles
23 St
0.35 miles
28 St
0.39 miles
23 St
0.42 miles

Citi Bike

Lexington Ave & E 29 St
0.03 miles
E 30 St & Park Ave S
0.1 miles

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: 99586TH