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345-347 Lexington Ave

2 Retail Properties Offered at £13,886,400 in New York, NY

Investment Highlights

  • Development opportunity

Executive Summary

Exceptional opportunity to build in prime Murray Hill, two blocks south of Grand Central Station. 347 Lexington Avenue is being offered for sale together with 345 Lexington Avenue, providing 40 foot frontage on Lexington Avenue. Allowable FAR is 54,210 The very favorable zoning is C5-3 MiD for both properties. Neither property is landmarked and can be delivered vacant. Air rights are also available on either side of the properties for a further 57,000 sf for a total of 1120,000 buildable sqft.

Property Facts

Price £13,886,400
Price / SF £2,209 / SF
Sale Conditions
Portfolio Sale
  • Development Sale
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 1
Total Building Size 6,287 SF
Total Land Area 0.08 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
347 Lexington Ave, New York, NY 10016 Retail 3,238 SF 1920 -
345 Lexington Ave, New York, NY 10016 Retail 3,049 SF 1920 £7,101,000
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  • Listing ID: 30828761

  • Date on Market: 31/01/2024

  • Last Updated:

  • Address: 345-347 Lexington Ave, New York, NY

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