273 Lenox Ave - Storefront Retail/Residential FOR SALE


New York, NY 10027- Central Harlem
$4,500,000 USD
212-396-8244
273 Lenox Ave, New York, NY for Sale
$4,500,000 USD
Storefront Retail/Residential - FOR SALE
1/11
null | 3.68% Cap Rate

273 Lenox Ave
New York, NY 10027
Central Harlem


HIGHLIGHTS

  • Fully renovated mixed-use building with separate HVAC systems
  • Prime Harlem location near Whole Foods and 125th Street transit
  • Ground floor leased at strong market rate through 2025
  • Vacant office and duplex apartment offer immediate upside
  • 510 SF of air rights allow for vertical expansion

OVERVIEW

273 Lenox Avenue presents a rare opportunity to acquire a fully renovated four-story mixed-use building in the heart of Harlem’s vibrant Lenox Avenue corridor. Positioned just one block from Whole Foods and the bustling 125th Street retail and transit hub, this property offers both immediate income and long-term upside. The ground floor is currently leased to a commercial office tenant with direct access to the basement, maximizing usability. The second floor features a floor-through office suite with high ceilings, a conference room, kitchen, and private balcony—ideal for owner occupancy or conversion to residential. Above, a spacious two-bedroom duplex apartment spans the third and fourth floors, outfitted with premium appliances and generous ceiling heights, offering strong rental appeal. With 510 square feet of unused air rights, the building allows for vertical expansion, including the potential to convert the duplex into a triplex. Zoned C4-4A with an FAR of 4.0, the site supports mixed-use development in a high-demand area. Individually metered utilities and separate HVAC systems enhance operational efficiency. Whether for a user seeking a live/work configuration or an investor targeting stable returns in a prime location, 273 Lenox Avenue delivers flexibility, income, and future growth potential.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$980 USD /SF

CAP RATE

3.68%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1909

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,275 SF

ZONING

C4-4

APN/PARCEL ID

1908-0133

ASK ABOUT THIS PROPERTY

Kervin ValesHalstead Property LLCMore Info
212-396-8244

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

Kervin ValesHalstead Property LLCMore Info
212-396-8244

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