Contacts
Ricky Aryeh
Kassin Sabbagh Realty
Property Details
- Property Type Retail
- Property Size 10,000 SF
- Cap Rate % 8
- Additional Rent Contact for pricing
- Date Updated Nov 20, 2024
Step into the enchanting world of Upper East Side luxury with a rare opportunity to own a collection of six retail condominium units on the prestigious Lexington Avenue. Nestled at the base of the iconic Philip House in Carnegie Hill, these historic spaces blend classic charm with modern allure.
Spanning an entire block front, these upscale units offer a total of 6,000 square feet on the ground floor and approximately 4,000 square feet in the cellar. With a mix of high-end tenants, including the beloved Flowers by Philip, the property embodies the vibrant spirit of the neighborhood.
Currently yielding high returns, the property boasts a cap rate in the mid 6’s. Projections suggest an even more enticing 8% cap rate with the vacancies leased at market rate. The recent lease renewal with Flowers by Philip for another 10 years, at the same price with minor increases, underscores the enduring appeal of this prime location.
In the heart of Carnegie Hill, where tradition meets contemporary living, these retail units stand as a testament to the timeless elegance of New York City’s Upper East Side. Embrace the opportunity to be part of its rich history and dynamic future.
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Reach out to the broker for more info on lease terms and amenities
Getting around
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100/100
Walk Score ®
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100/100
Transit Score ®
-
84/100
Bike Score ®
Location
- City New York, NY
- Neighborhood Carnegie Hill
- Zip Code 10128
- Market Manhattan
Points of Interest
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East 86th Street & Lexington Avenue at Northeast Corner
0.10 miles
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East 86th Street & Lexington Avenue at Northwest Corner
0.10 miles
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East 86th Street & Lexington Avenue at Southeast Corner
0.12 miles
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East 86th Street & Lexington Avenue at Southwest Corner
0.12 miles
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86th Street & 2nd Avenue at Northeast Corner
0.26 miles
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86th Street & 2nd Avenue at Southeast Corner
0.26 miles
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83rd Street & 2nd Avenue at Northeast Corner
0.34 miles
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94th Street & 2nd Avenue at Southwest Corner
0.35 miles
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East 96th Street & Lexington Avenue at Southeast Corner
0.38 miles
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94th Street & 2nd Avenue at Northeast Corner
0.38 miles
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ChargePoint
0.13 miles
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Shell
0.51 miles
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plugNYC
0.65 miles
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Mobil
0.95 miles
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FLO
1.18 miles
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Tesla Supercharger
1.36 miles
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BP
1.61 miles
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Citgo
1.71 miles
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Atlantic
1.86 miles
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Quik Park
0.03 miles
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Knickerbocker Plaza Car Park
0.26 miles
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Astor Terrace Parking Garage
0.32 miles
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Metropolitan Museum
0.53 miles
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Mount Sinai
0.54 miles
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MPG
0.58 miles
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Surrey Garage
0.72 miles
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iClean
0.79 miles
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Loeb Boathouse Parking Lot
0.80 miles
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Motorgate Public Parking Garage
1.18 miles
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Dig
0.04 miles
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Bocado Cafe
0.05 miles
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Yasouvlaki
0.08 miles
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Wok 88
0.08 miles
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Popeyes
0.08 miles
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Sushi Goda
0.08 miles
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Original Roma Pizza
0.08 miles
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Siena Cafe
0.08 miles
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Ooki Sushi
0.10 miles
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Naruto Ramen
0.10 miles
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Gristedes
0.05 miles
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Whole Foods Market
0.11 miles
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Target
0.13 miles
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Morton Williams
0.20 miles
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Westside Market
0.20 miles
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Fairway Market
0.22 miles
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Key Food
0.29 miles
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Patrick Murphy Market
0.29 miles
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C-Town
0.36 miles
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Food Universe Marketplace
0.38 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Ricky Aryeh
Kassin Sabbagh Realty
