242 Lenox Ave - Apartments FOR SALE


New York, NY 10027- Central Harlem
$1,750,000 USD
917-204-2682
242 Lenox Ave, New York, NY for Sale
$1,750,000 USD
Apartments - FOR SALE
1/8
null | 8.52% Cap Rate

242 Lenox Ave
New York, NY 10027
Central Harlem


OVERVIEW

PROPERTY SNAPSHOT • A 5-story walk-up SRO building consisting of 15 residential units, 1 commercial space, and 1 antenna between West 122nd and West 123rd Streets • The building benefits from a 2B tax classification • 22' of frontage along Lenox Avenue • 3 blocks from the rapidly expanding thoroughfare on 125th Street with national retailers including Whole Foods, Nike, Shake Shack, H&M, Marshalls, Starbucks, TD Bank, Burlington and Chase Bank • Located 2 blocks from the 2 and 3 subway lines at 125th St and 5 block from the 125th Street Metro North Station

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$251 USD /SF

# OF UNITS

6

PRICE/UNIT

$291,667

CAP RATE

8.52%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sale: 242 Lenox Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1909

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R7-2

APN/PARCEL ID

1721-0002

ASK ABOUT THIS PROPERTY

Mike KerwinNorthgate Real Estate GroupMore Info
917-204-2682

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Mike KerwinNorthgate Real Estate GroupMore Info
917-204-2682

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.