Joshua Greenberg Sells Mixed-use Property At 1057/1059 Lexington Avenue For $23.6M
1057 Lexington Avenue
$23,600,000
$1,181/SF
Building Size
19,970 SF
Asset Type
Mixed-use
Closing
Jan 14, 2026
AI
The property involved in the transaction is a mixed-use asset located at 1057/1059 Lexington Avenue in the Upper East Side. The sale price was $23,600,000, and the property encompasses a total area of 19,970 square feet, translating to a price per square foot of $1,181.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $23,600,000
- Square Footage: 19,970
- Price per Square Foot: $1,181
- Address: 1057/1059 Lexington Avenue
- Market: Upper East Side
- Seller: Joshua Greenberg
- Broker: Michael Sherman - Baseline Real Estate Advisors
Joshua Greenberg is the seller of the property, while Michael Sherman from Baseline Real Estate Advisors represented him in the transaction. Their involvement highlights the professional relationships that facilitated the sales process within this market segment.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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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