347 Lexington Avenue

$10,000,000
Price
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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.

Property Details for 347 Lexington Avenue

Zoning
C5-3/MID

Location

Listing Courtesy of Sothebys International Realty
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LISTING UPDATED: 04/29/2024 09:32 AM

Property Details for 347 Lexington Avenue

StatusActive
MLS IDPRCH-7943930
Days on Market53
Taxes$6,020 / month
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeTownhouse
MLS TypeMixed Use
Year Built1920
Lot Size1,610 SF / 18' x 87'
CountyNew York County

Building

347 Lexington Ave

4 Units3 StoriesBuilt in 1920

Location

Listing Courtesy of Sothebys International Realty
Add your commute

Building Information for 347 Lexington Avenue

Stories3Residences4Year Built1920Building Size18.5' x 87'Building Sq. Ft4,828.5 SFLot Size1,610 SF / 18' x 87'Building AgePre-warBuilding TypeTownhouse

Payment Calculator

$60,594 per month

30 year fixed, 7.25% Interest

Principal and Interest

$54,574

Property Taxes

$6,020

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 347 Lexington Avenue

Summary
Location and General Information
  • Subdivision Name: Murray Hill
  • Stories Total: 3
  • Garage Spaces: 0.0
Taxes and HOA
  • Tax Lot: 0072
  • Tax Block: 00895
  • Association Fee Frequency: Monthly
  • Building Tax Lot: 0072
  • Tax Abatement YN: false
Parking
  • Garage: No
  • Garage Spaces Assigned YN: false
Virtual Tour
Property
Lot Information
  • Building Area Total: 0.0
  • Building Area Units: SquareFeet
  • Lot Size Dimensions: 18.5 x 87.0
  • Living Area Units: SquareFeet
Building Information
  • Building Laundry Features: None
  • Building Pets Allowed: BuildingNo
Property and Assessments
  • New Development: No
  • Sponsor Unit: No
  • Certificate Of Occupancy: No
  • Common Interest: None
  • New Construction: No
  • Structure Type: Townhouse
Interior and Exterior Features
Interior Features
  • Fireplace: No
  • Furnished: Unfurnished
  • Laundry Features: None
  • ElevatorsTotal: 0
  • Size Dimensions: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Rental
Rental Information
  • Pets Allowed: UnitNo
  • Attendance Type: None
  • Owner Pays: None
  • Owner Pays Remarks: Call Listing Agent

Property History for 347 Lexington Avenue

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 347 Lexington Avenue

This home is within New York City Geographic District # 2.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 8
Public - 6 to 8
Rating
School
Distance
P.S. 116 Mary Lindley Murray
PublicPK to 5

Nyc Lab Ms For Collaborative Studies
Public6 to 8

Lower Manhattan Community Middle School
Public6 to 8

Jhs 104 Simon Baruch
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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347 Lexington Avenue is a townhouse for sale in Murray Hill. This property was listed for sale on March 13, 2024 by Sothebys International Realty, it's currently listed at $10,000,000. This listing's school district is New York City Geographic District # 2. Nearby schools include P.S. 116 Mary Lindley Murray, Nyc Lab Ms For Collaborative Studies and Lower Manhattan Community Middle School. 347 Lexington Avenue is a 0-bed, 4-bath, townhouse built in 1920.

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Listing Courtesy of Sothebys International Realty

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.