Listing Courtesy of Modern Spaces
$2,750,000
Potential Rebate: $41,250
DELIVER VACANT. FULLY APPROVED PLANS. OBTAIN NEW 4-FAMILY C of O.<br>START WORK TOMORROW. CASH FLOW IMMEDIATELY.<br><br>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.<br><br>Prime Urban Infill Location:<br>Easy access to 6 train, MTA buses, FDR Drive, I-278 & I-95, & RFK Bridges.<br>Minutes to Central Park, Thomas Jefferson Park, and Randalls Island - green space on demand.<br>Top-tier dining, retail, cultural hubs, groceries, museums, parks, playgrounds - for daily convenience.<br>Columbia University, Hunter College, and elite schools – built-in tenant pipeline.<br>Close proximity to the Upper East Side and Upper West Side - luxury retail & dining are just blocks away.<br><br>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.<br><br>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!<br><br>SUMMARY<br>Block/Lot 1634/16<br>Zone R7D<br>Lot 1250.25 SF (16'8"x75')<br>Building 3757.57 SF Gross<br>Max FAR 4.66<br>Max Allowable 5826.17 SF<br>New floors<br>New HVAC<br>New electricals<br>New plumbing<br>New main water service line<br><br>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.
$15,567 per month
30 year fixed, 6.28% Interest
One-time rebate at closing
$41,250
Monthly savings impact
$115/mo
Effective Purchase Price
$2,708,750
(Home Price - Estimated Rebate)
💡 Estimated rebate from our commission
The rebate is paid to you at closing and can help offset closing costs or other expenses.
Calculator Disclaimer: Commission structures vary by property, developer, and transaction. Resale properties typically offer around 3% buyer-side commission, and new developments around 5%, but this is not guaranteed. New developments are often open to negotiation, and each property and transaction is unique. Rebate amounts shown are estimates only. Please confirm commission terms and rebate eligibility with Regis Roumila for the specific property you are interested in. This information is not provided by the Real Estate Board of New York (REBNY).
RLS IDX Data display by Real Estate Rebate Team. This 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.
The Real Estate Rebate Team
Listing Courtesy of Modern Spaces
Data Source: TRESTLE #RLS20058027
RLS at REBNY

2.5%
Experience
Member
Listings
RLS IDX Data display by Real Estate Rebate Team. This 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.
The Real Estate Rebate Team
Listing Courtesy of Modern Spaces
Data Source: TRESTLE #RLS20058027
RLS at REBNY

Compare average listing prices and value metrics for 1694 Lexington Avenue against the surrounding East Harlem market.
than the East Harlem price-per-sq-ft average
Units in this building are listed below the neighborhood average, potentially offering better value per square foot compared to surrounding properties.

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