Two blocks north of Bloomingdale's on Lexington Avenue between 60th and 61st streets, uniting adjacent low-rise retail buildings under a single roof is a multi-decade chess match. On August 27, 2026, 780 Lex Realty Associates LLC wired $13.64 million ($2,148 per square foot) to acquire the two-story retail building at 782 Lexington Avenue from Samuro Partnership, L.P., simultaneously combining it with neighboring 780 Lexington Avenue. When the deed closed on August 27, 2026, 780 Lex Realty Associates LLC had officially taken down 782 Lexington Avenue from Samuro Partnership, L.P. for $13.64 million, with Plaza District Retail Advisory brokering the trade.

At $2,148 a square foot across 6,350 square feet, the trade establishes a clean clearing mark for Lenox Hill / Plaza District 2-story prime lexington avenue retail building assets.

Using Seller Paper to Unite Prime Lenox Hill Retail Frontage

The real tell in any Manhattan closing sits on the debt side of the ledger. To fund the purchase, 780 Lex Realty Associates LLC locked in a $8.9 million purchase-money assemblage mortgage from 780 Lex Partnership L.P. at 65.2 percent loan-to-value.

That loan commitment meant the buyers only needed to write a $4.74 million equity check to control a 2-story, 1934-vintage Lenox Hill / Plaza District asset. Credit committees aren't stretching to 75 percent leverage anymore, but when a sponsor brings $4.74 million of real cash equity and a basis of $2,148 a square foot, lenders like 780 Lex Partnership L.P. are wide open for business.

From Our Desk

When we look at 782 Lexington Avenue on our placement desk at Light Tower Group, the lesson for New York sponsors comes down to the marriage of entry basis and capital structure. 780 Lex Realty Associates LLC didn't try to fight the tape—they bought Lenox Hill / Plaza District footage at $2,148 a square foot and structured the stack to match the asset's timeline. By pairing the $13.64 million purchase of 782 Lexington with an $8.9 million purchase-money mortgage across the combined 780–782 Lexington footprint, the sponsorship locked up 4,833 square feet of C5-2 Plaza District dirt without waiting on a money-center bank committee.