345 Lexington Avenue is a 3 family building with store. The lot measures 20.42ft by 99.75ft and has an allowable usable floor area of 29,970. The residential FAR is 10 and the commercial and facility FAR is 15. The property is not landmarked. The property is divided as follows:

Commercial: Retail space basement with storage area.
First floor: Retail space with office area and sink, 1/2 bath and access to storage area in rear.
Second floor: Office space, 3 rooms, full bath, washing machine and dryer, cooking facilities and bar, terrace and garden access.
Residential:
Third floor: 3 rooms, full bath, full kitchen, walk through closet
Fourth floor: 3 rooms, full bath, full kitchen with dishwasher, walk through closet.

If bought with 347 Lexington Avenue both properties provide an exceptional opportunity in mid-town Manhattan, two blocks south of Grand Central in Murray Hill to build 54,120 square feet of residential, office, hotel or retail space. Additional air rights are available for a total of 112,000 buildable square feet.

The zoning for 345 Lexington and 347 Lexington Avenue is exceptionally favorable C5-3, MiD.
The new building will have a 38 foot frontage in a prime Lexington Avenue location, between East 39th and East 40th streets.