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1449 Lexington Avenue New York, New York 10128 1449 Lexington Avenue New York, New York 10128 1 CONFIDENTIALITY & DISCLAIMER | 1449 Lexington Avenue The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT FOR MORE DETAILS. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus 2 & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of New York, Inc. © 2018 Marcus & Millichap. All rights reserved. TABLE OF CONTENTS | 1449 Lexington Avenue Section 1: Property Overview Section 2: Pricing and Financial Overview PROPERTY OVERVIEW 4 PROPERTY OVERVIEW | 1449 Lexington Avenue INVESTMENT HIGHLIGHTS • Corner Building in Hellgate Hill • One Commercial & Five Residential Units • 11,425 SF of “Air Rights” • Fully Renovated in 1991 • Near Lexington & Second Avenue Subways Marcus & Millichap is the exclusive sales broker for 1449 Lexington Avenue, a four-story walk-up commercial building on the corner of East 94th Street and Lexington Avenue in the Upper East Side. The building was substantially renovated in 1991 and has been maintained to a high-quality standard. The subject property measures 20 feet by 54 feet with a one-story extension that adds 15 feet by 25 feet totaling 5,387 square feet. The property sits on a 25 foot by 95-foot C1-8X-zoned lot. The property has approximately 11,425 square feet of remaining developable rights and is not part of the Carnegie Hill Historic District. The subject property has one commercial tenant that occupies the basement and first floor. The second floor has a floor-through unit and floors three and four contain two units each. The building is situated in the Hellgate Hill section of the Upper East Side. The building is two blocks, respectively, from stations for the Lexington Avenue and the new Second Avenue subways. The neighborhood offers access to the city’s premier schools, museums, hospitals, restaurants and shops. Notable new developments nearby include the Kent, a 30-story condominium a block away, and 1110 Park Avenue, a 9-unit residential condominium. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus 5 & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of New York, Inc. © 2018 Marcus & Millichap. All rights reserved. PROPERTY OVERVIEW | 1449 Lexington Avenue PROPERTY SUMMARY THE OFFERING SITE DESCRIPTION Property Address 1449 Lexington Avenue Number of Units 6 New York, NY 10128 Number of Stories 4 + basement Block & Lot 1523-23 Year Built (est.) 1884 Zoning C1-8X Gross Square Feet 5,387 Maximum Allowable FAR 9 Total Buildable Square Feet 16,812 Maximum Allowable Commercial FAR 2 Building Size 20 ft by 79 ft FAR as Built 2.28 Lot Size 25 ft by 95 ft Type of Ownership Fee Simple TAX LOT MAP This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus 6 & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of New York, Inc. © 2018 Marcus & Millichap. All rights reserved. PROPERTY OVERVIEW | 1449 Lexington Avenue PROPERTY PHOTOS This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus 7 & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of New York, Inc. © 2018 Marcus & Millichap. All rights reserved. PROPERTY OVERVIEW | 1449 Lexington Avenue INTERIOR PHOTOS This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus 8 & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of New York, Inc. © 2018 Marcus & Millichap. All rights reserved. PROPERTY OVERVIEW | 1449 Lexington Avenue EXTERIOR PHOTOS This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus 9 & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of New York, Inc. © 2018 Marcus & Millichap. All rights reserved. PROPERTY OVERVIEW | 1449 Lexington Avenue PROPERTY PHOTOS This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus 10 & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of New York, Inc. © 2018 Marcus & Millichap. All rights reserved. PROPERTY OVERVIEW | 1449 Lexington Avenue LOCAL & REGIONAL MAPS This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus 11 & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of New York, Inc. © 2018 Marcus & Millichap. All rights reserved. PROPERTY OVERVIEW | 1449 Lexington Avenue AERIAL MAP SUBJECT PROPERTY This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus 12 & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of New York, Inc. © 2018 Marcus & Millichap. All rights reserved. PROPERTY OVERVIEW | Upper East Side RECENT & FUTURE DEVELOPMENTS 212 E 95th St. 1500 Lexington 200 E 95th St. 300 E 93rd St. 200 E 94th St. 333 E 91st St. 1110 Park Ave SUBJECT PROPERTY 180 E 93rd St. 389 E 89th St. 12 E 88th St. 360 E 89th St. 180 E 88th St. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus 13 & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of New York, Inc. © 2018 Marcus & Millichap. All rights reserved. PRICING & FINANCIAL ANALYSIS This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for
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