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$8,000,000

  • For Sale
  • Active
  • Single Family
  • 4 Full Baths
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Exceptional opportunity to build in mid-town Manhattan, two blocks south of Grand Central in Murray Hill. 347 Lexington Avenue is being sold in combination with 345 Lexington Avenue as part of an assemblage for a developer to build 54,210 square feet of residential, office, hotel or retail space. The zoning for both buildings is very favorable C5-3, MiD. The new development would have a 40 foot frontage in a prime Lexington Avenue location, between East 39th and 40th Streets. 347 Lexington Avenue lot measures 18.5 by 87 feet. The residential FAR is 10 and commercial and community facility FAR is 15. The property is not landmarked and will be delivered vacant. 347 Lexington is currently a 2 family building with store and baking facilities on the ground floor, a salon on the second floor, and two residential studio apartments on the third floor.

Full Property Details for 347 Lexington Ave

General

  • Price: $8,000,000
  • Status: Active
  • Type: Single Family
  • Source: REBNY
  • MLS ID: RLS20064307
  • Updated: 12/22/2025
  • Added to Site: 28 day(s) ago

Interior

  • Number of Rooms: 6
  • Furnishings: Unfurnished

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Other Rooms

  • Laundry: Building None, In Unit

Exterior

  • Exterior Features: Building Garden, Garden, Private Outdoor Space Over 60 Sqft

Location

  • County: New York
  • Subdivision: Murray Hill

Community

  • Pets Allowed: Yes

Structural Information

  • Structure Type: Multi Family, Townhouse
  • Stories/Levels: 3
  • Current Bldg. Use: Multi-Family, Mixed Use, Residential, Retail, Single Family
  • Year Built: 1920

Lot Features

  • Lot Size: 1610
  • Lot Size Source: Other

Financial Considerations

  • Assoc Fee Freq.: Monthly

Disclosures and Reports

  • Property ID: 0895-0072
  • Block: 895
  • Lot Number: 72

Listing Courtesy of Sothebys International Realty

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— 347 Lexington Ave —

  • Sothebys International Realty

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 347 Lexington Ave

School District:New York City Geographic School District 02
NameGradesDistance
Ps 116 Mary Lindley Murray
210 East 33rd Street, New York, NY 10016
5-40.4 mi
Jhs 104 Simon Baruch
330 East 21st Street, New York, NY 10010
7-81 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 347 Lexington Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/22/2025
Listed
$8,000,000
300%
MLS
1/04/2005
Sold
$2,000,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 347 Lexington Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$62,454
-1%
$580,320
-3%
2024
$63,260
-2%
$597,240
-2%
2023
$64,501
21%
$608,960
21%
2022
$53,416
-2%
$501,750
-1%
2021
$54,379
-25%
$508,500
-30%
2020
$72,099
-2%
$723,150
-3%
2019
$73,755
7%
$747,450
2%
2018
$68,919
6%
$732,150
7%
2017
$65,027
8%
$683,100
-4%
2016
$59,940
12%
$713,700
2%
2016
$53,463
19%
$699,750
35%
2014
$45,103
-5%
$517,500
8%
2013
$47,237
—
$478,350
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Listing Courtesy of Sothebys International Realty

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347 Lexington Avenue, New York, NY 10016 (MLS# RLS20064307) is a Single Family property with 0 bedrooms and 4 full bathrooms. 347 Lexington Avenue is currently listed for $8,000,000 and was received on December 22, 2025. Want to learn more about 347 Lexington Avenue? Do you have questions about finding other Single Family real estate for sale in New York? You can browse all New York real estate or contact a Coldwell Banker agent to request more information.

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