1737 Lexington Ave

This 16-foot-wide, five-story walk-up apartment building contains 10 units, including a studio apartment on the front of the first floor with a private entrance and a rear one-bedroom apartment with access to the backyard. Floors two through five each feature two one-bedroom apartments located at the front and rear of the building, all with additional alcove space. The apartments are rent stabilized and offer comfortable living and dining areas, full kitchens and bathrooms, attractive wood floors, spacious bedrooms, and abundant natural light. Ceiling heights reach approximately 12 feet on the second floor and 10 feet on the upper floors. All units are individually metered for gas and electric, with meters, a gas boiler, and a gas water heater located in the basement.

The property benefits from strong residential and commercial exposure, with potential to convert the ground floor into retail space and the second floor into additional commercial use such as a beauty salon or barbershop. Located on a high foot-traffic street near the 6 subway line and the M103 bus, the building offers convenient access to Midtown and Downtown Manhattan. It represents a solid investment opportunity with stable, rent-stabilized income and long-term upside, including the potential to reconfigure units into floor-through layouts as tenants vacate or are bought out, as well as added value through ground-floor retail. The property also presents a compelling user opportunity, allowing an owner to combine the two first-floor units into a single commercial or residential space while generating income from the upper floors.