Active
347 Lexington Avenue
New York City NY, 10016
$10,000,000
Active
4 Baths
Town House
Built in 1920
Exceptional opportunity to build in mid-town Manhattan, two blocks south of Grand Central in Murray Hill. 347 Lexington Avenue is being sold in combination with 345 Lexington Avenue as part of an assemblage for a developer to build 54,210 square feet of residential, office, hotel or retail space. The zoning for both buildings is very favorable C5-3, MiD. The new development would have a 40 foot frontage in a prime Lexington Avenue location, between East 39th and 40th Streets. 347 Lexington Avenue lot measures 18.5 by 87 feet. The residential FAR is 10 and commercial and community facility FAR is 15. The property is not landmarked and will be delivered vacant. 347 Lexington is currently a 2 family building with store and baking facilities on the ground floor, a salon on the second floor, and two residential studio apartments on the third floor.
PRCH-7943930
MLSⓇ ID
March 13, 2024
Listed
April 29, 2024
Updated
Map
347 Lexington Avenue
New York City NY, 10016
Interior Features
Total Stories
3
Bathrooms
4 Baths
Laundry Description
Building None, None
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.04 Acres
Other Property Details
Taxes
$72,240
Tax Frequency
Annually
HOA Frequency
Monthly
Garage
No
View
No
County
NewYork
Pool
No
Zoning
C5-3/MID
Buyer Agency Compensation
2.25%
Courtesy of Sothebys International Realty with Rosemarie Deane,
Listing Contact: (212) 606-7742
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market.
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Data last updated 3:10 PM UTC, 4/29/2024