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1057 Lexington Avenue

Joshua Greenberg Sells Mixed-use Property At 1057/1059 Lexington Avenue For $23.6M
SOLDMixed-use

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

Michael Sherman

Baseline Real Estate Advisors

Broker

$785.1M

vol

45 deals

Broker
Baseline Real Estate Advisors
Baseline Real Estate Advisors Brokerage
Joshua Greenberg

Joshua Greenberg

Seller

$145.7M

vol

13 deals

Seller

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