Lion Cub Development Acquires Mixed-Use Building In Lenox Hill For $4.9M

The mixed-use property located at 1473 1st Avenue in Lenox Hill has been sold for a total of $4,900,000. The property consists of 12 residential units and 1 retail unit, with a total square footage of 6,100. The sale price per square foot is $803. The buyer of the property is Lion Cub Development, represented by Andrew Aryeh. The seller is Lewis Surrey. The transaction was facilitated by brokers Adam Lobel, Justin Zeitchik, Zachary Ziskin, and Kyle Katz of Bestreich Realty Group. The property comprises mostly free market units and also has air rights for future development.

Summary of transation details

• Property Type: Mixed-use (12 Residential Units and 1 Retail Unit)
• Transaction Amount: $4,900,000
• Square Footage: 6,100
• Price per Square Foot: $803
• Buyer: Lion Cub Development - Andrew Aryeh
• Seller: Lewis Surrey
• Brokers: Adam Lobel, Justin Zeitchik, Zachary Ziskin, and Kyle Katz - Bestreich Realty Group

The building offers potential for future development with its available air rights. For inquiries about selling a similar building, interested parties can contact Bestreich Realty Group at [email protected] or 718-360-8801.