DELIVER VACANT. FULLY APPROVED PLANS. OBTAIN NEW 4-FAMILY C of O. START WORK TOMORROW. CASH FLOW IMMEDIATELY.
Modern Spaces is proud to exclusively present 1694 Lexington Avenue - a prime Four-Family investment in the heart of East Harlem, Manhattan - in the epicenter of Manhattan’s hottest growth corridor. With approved plans for a full interior renovation and a new 4-Family Certificate of Occupancy to be obtained, this property is delivered renovation-ready - ideal for immediate construction and swift income generation.
Prime Urban Infill Location: Easy access to 6 train, MTA buses, FDR Drive, I-278 & I-95, & RFK Bridges. Minutes to Central Park, Thomas Jefferson Park, and Randalls Island - green space on demand. Top-tier dining, retail, cultural hubs, groceries, museums, parks, playgrounds - for daily convenience. Columbia University, Hunter College, and elite schools – built-in tenant pipeline. Close proximity to the Upper East Side and Upper West Side - luxury retail & dining are just blocks away.
Rare owner-occupant or full-rental play: live in one unit while leasing the others—or maximize cash flow with a full four-unit rental strategy.
This is a turnkey value-add opportunity in one of Manhattan’s fastest-appreciating corridors. Contact us today to secure plans and schedule a private tour, before the next bidder does!
SUMMARY Block/Lot 1634/16 Zone R7D Lot 1250.25 SF (16'8"x75') Building 3757.57 SF Gross Max FAR 4.66 Max Allowable 5826.17 SF
All material presented herein is intended for information purposes only. All dimensions are approximate and subject to construction variances. Plans, layouts, and dimensions may contain minor variations from floor to floor. The buyer should verify all information with their own attorney, architect, or zoning expert. Equal Housing Opportunity.
Listed by Ka I Chan
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Modern Spaces
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(646) 318-9556
Last updated November 18, 2025
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Source: REBNY #RLS20058027
Listing Facts
TypeMulti-family
NeighborhoodEast Harlem
Days on Prevu17
Taxes$23,737/year
Size3,757 sqft
Price per sqft$732
Amenities
Pets Allowed
Location
Mortgage Calculator
Listing History
11/02/2025
Listed by Modern Spaces
$2,750,000
Estimated Closing Costs
Total
$98,600
Attorney Fees
$4,000
NYC Mansion Tax
$34,375
Title Insurance
$12,375
Bank Attorney
$1,500
Mortgage Recording Tax
$42,350
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $2,750,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.