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Presented by
Lorraine Normann |
1049 Lexington Avenue, New York (Upper East Side), NY, 10021 | $4,500,000
A timeless Upper East Side building and location, 1049 Lexington Avenue presents a rare investment opportunity in one of Manhattan's most coveted retail and residential corridors. Originally built in 1910, this elegant four-story building masterfully blends prewar character with modern updates.
The property is currently configured with a luxury retail brand occupying the ground and second floors, and two beautifully renovated free-market residential apartments above.
The retail space-home to a distinguished stationery boutique-features a gracious storefront with custom built-ins, a stylish back office, and a renovated powder room. The second floor, presently used as an office and meeting space, includes two renovated powder rooms, while the cellar provides ample storage.
A separate street entrance leads to the upper two full-floor residences, each approximately 900 square feet. Both apartments have been thoughtfully renovated with modern kitchens and baths and share access to a private roof terrace-an inviting retreat above the city. The third-floor apartment features an in-unit washer/dryer, while the fourth-floor residence is enhanced by multiple skylights that flood the home with natural light.
Perfectly positioned along Lexington Avenue near 75th Street, this impeccably maintained mixed-use property offers prime visibility, enduring architectural charm, and flexible potential-an exceptional opportunity for investors and end users alike in the heart of the Upper East Side.
Features
- Town: New York
- Levels: 4
- Cooling: Window Units
- Amenities: Roof Deck;
- Laundry: InUnit
- Year Built: 1910
- Pet Policy: No Pets
- Service Level: Voice Intercom
- OLR#: RLS20054945
- Days on Market: 54 days
- Website: https://www.raveis.com
/prop/RLS20054945/1049lexingtonavenue_newyork_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Lorraine NormannSales Associate
914.388.3125
Lorraine.Normann@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Frank MerolaVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1020051
508.740.5922
Frank.Merola@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1049 Lexington Avenue, New York (Upper East Side), NY, 10021
$4,500,000
Lorraine Normann
Sales Associate
William Raveis Real Estate
Phone: 914.388.3125
Lorraine.Normann@raveis.com
Frank Merola
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $3,600,000 | $3,600,000 | $3,600,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.246% | 6.133% | 6.038% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $19,602 | $21,584 | $30,136 |
| Total Monthly Payment | $19,727 | $21,709 | $30,261 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535