Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
860 LEXINGTON Avenue

For Sale · Listing by Douglas Elliman Real Estate

860 LEXINGTON Avenue

Lenox Hill, Manhattan

$12,750,000

Interested in this property?
Active For Sale Mixed Use

$12,750,000

860 LEXINGTON Avenue

Lenox Hill, Manhattan

MLS® #RLS20110357

RLS at REBNY

Listing by Douglas Elliman Real Estate

6
Bedrooms
7.5
Baths
N/A
Sq. Ft.
1910
Year Built

Quick Summary

Bedrooms 6
Bathrooms 8 full, 1 half
Lot Size 1,280 sq ft
Year Built 1910
Ownership None
Property Taxes $121,704/yr
Neighborhood Lenox Hill
Floor 1 of 5

Property Highlights

  • Views: Other
  • Climate Control: Ductless
  • Character: Pre-war building (1910)

Property Details

Type Mixed Use
Ownership None
Total Rooms 20
Baths 7 Full, 1 Half
Floor 1 of 5
View Other
Cooling Ductless
Pets Yes
Year Built 1910
Structure Type MixedUse
Basement Other
Lot Size 1,280 sq ft
Block/Lot 01399/0058

Listing History

Event Date Price Change
Listed Aug 20, 2026 $12,750,000 -
Currently Aug 21, 2026 $12,750,000 -

Description

860 Lexington Avenue - Prime Upper East Side Investment Opportunity Exceptional opportunity to acquire a fully renovated mixed-use building in the heart of Lenox Hill, ideally located on the West Side of Lexington Avenue between East 64th and 65th Streets. The property offers approximately 6,260 SF above grade, PLUS a finished commercial basement leased to the same long-standing retail tenant. The Certificate of Occupancy recognizes the basement for commercial/store use, providing additional usable, income-producing space beyond the 6,260 SF stated building area. The building combines strong commercial and luxury residential income, offering an approximately 4.8% pro-forma cap rate at the asking price. The property is anchored by a long-standing retail tenant with leases through 2032, contractual rent increases and real-estate-tax escalation provisions-providing stable income with built-in growth. The residential component consists of two beautifully renovated residences, including a 2 bedroom, 2 bathroom home with private outdoor space and an impressive 4 bedroom, 3.5 bathroom upper duplex penthouse with an approximately 600 SF private roof-deck terrace. A rare combination of prime Upper East Side location, attractive yield, long-term commercial tenancy, luxury residential space and fully renovated condition-an outstanding Manhattan investment opportunity.

Features & Amenities

Interior Features

Smoke Free Building Other Washer Hookup In Unit

Exterior Features

Private Outdoor Space Over60 Sqft

Building Amenities

Green Building

Appliances

Washer Dryer Allowed

Building Information

Building Data View Compliance & Permits
Total Units 5
Stories 5
Structure MixedUse

Financial Details

RE Taxes $121,704/yr ($10,142/mo)

Lenox Hill occupies a residential section of the Upper East Side, defined by proximity to Central Park, major medical institutions (Memorial Sloan Kettering, Weill Cornell, Lenox Hill Hospital), and the Madison Avenue retail corridor. Housing stock ranges from large pre-war cooperatives to modern condominiums with East River and skyline views.

Lenox Hill Live Market Data

View Neighborhood

Active Listings

432

Median Asking Price

$1.44M

Median $/Sqft

$1,514

Avg Days on Market

N/A

New This Week

12

Price Reduced

38%

Sold (30 Days)

44

Median Sale Price

$999K

Live data from RLS at REBNY • Updated 8/20/26, 9:04 PM EST

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Location

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860 LEXINGTON Avenue, Lenox Hill, New York County

Building Information

Official NYC property records for this building

1879
Year Built
147 years old
5
Floors
2
Residential Units
C1-8X
Zoning District
Primarily Residential Mixed Use Historic District: Upper East Side Historic District Extension

Tax & Assessment

Assessed Value: $3,571,650
Land Value: $1,728,000
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 1,280 SF
Building Area: 6,260 SF
Built FAR: 4.89
Allowed FAR: 9

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed annual property tax is $121,704, or roughly $10,142 per month. Verify the current assessment with your attorney before closing.

This property has 6 bedrooms and 7 full bathrooms and 1 half bathroom.

According to MLS records, the building was constructed in 1910, making it approximately 116 years old.

This listing is None

Pets are permitted at this property. Contact Milton Coste for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or milton@miltoncoste.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20110357
First Listed: 8/20/2026
On Market: 8/20/2026
Price Changed: 8/20/2026
Contract Date: 8/20/2026

Listing Courtesy of Douglas Elliman Real Estate - Istvan Ritz

Listing Contact: (917) 930-2540

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. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 8/21/2026 at 1:04 AM UTC

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Lenox Hill Market Update

44 sales last 30 days · $1.44M median · 9.8 months supply

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New listings in this neighborhood

Quick Facts

Status Active Type Mixed Use Neighborhood Lenox Hill Borough Manhattan
County New York
Floor 1 of 5
Year Built 1910
First Listed 8/20/2026
Annual Tax $121,704

Monthly Costs Estimate

Down Payment 20%

$2,550,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Est. Taxes $10,142
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $10M to $14,999,999 at 3.25%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$414,375

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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