347 Lexington Avenue
MLS® #RLS20064307
Listing by Sothebys International Realty
Studio
4
Baths
—
Sq. Ft.
1920
Year Built
Quick Summary
Property Highlights
- Character: Pre-war building (1920)
Property Details
Description
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.
Features & Amenities
Interior Features
Exterior Features
Building Information
About Murray Hill
View All Murray Hill ListingsMurray Hill offers a central Manhattan location with a surprisingly neighborhood-like feel. Known for its historic 'Sniffen Court' and a mix of mid-century high-rises and 19th-century townhouses, it is a popular choice for professionals seeking proximity to Grand Central and Midtown. The neighborhood is particularly well-regarded for offering a wide range of price points, from entry-level studio cooperatives to expansive luxury penthouses.
Murray Hill Live Market Data
View NeighborhoodActive Listings
204
Median Asking Price
$870K
Median $/Sqft
$1,237
Avg Days on Market
N/A
New This Week
11
Price Reduced
32%
Sold (30 Days)
15
Median Sale Price
$691K
Live data from RLS at REBNY • Updated 2/16/26, 3:28 PM EST
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Location
347 Lexington Avenue, Murray Hill, New York County
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
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Listing Courtesy of Sothebys International Realty - Rosemarie Deane
Listing Contact: (212) 606-7742
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Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
RLS Data display by Keller Williams NYC. Data last updated on 2/16/2026 at 8:28 PM UTC