JP Real Estate Group Purchases Mixed-Use Building In Lenox Hill From Frederick J. Rudd For $23.6M
1057 Lexington Avenue & 1059 Lexington Avenue
$23,600,000
Building Size
—
Asset Type
Mixed-use
Closing
Jan 30, 2026
About this deal
AI
A five-story, mixed-use building located at 1057-1059 Lexington Avenue in Lenox Hill was sold for $23.6 million. The property comprises 15 residential units and 5,600 square feet of retail space that is leased to Orsay.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $23,600,000
- Buyer: JP Real Estate Group
- Seller: Frederick J. Rudd - Rudd Realty Management
- Address: 1057 Lexington Avenue & 1059 Lexington Avenue
- Market: Lenox Hill
This transaction was facilitated by Frederick J. Rudd, representing Rudd Realty Management as the seller's broker in the deal.
On the Map
$23,600,000
Mixed-use
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Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93