61 Lenox Ave - Apartments CONDO FOR SALE


New York, NY 10026- Central Harlem
$637,000 USD
917-539-0402
61 Lenox Ave, New York, NY for Sale
$637,000 USD
Apartments CONDO - FOR SALE
1/7
null | 6.35% Cap Rate

61 Lenox Ave
New York, NY 10026
Central Harlem


HIGHLIGHTS

  • Corner retail condominium on Lenox Avenue and W. 113th Street, just three blocks from Central Park and the 110th Street (2 & 3 trains) subway station.
  • 100% occupied by Dry Clean NYC under a 10-year lease through January 2032, with 3% annual increases and tax reimbursements.
  • No use restrictions and venting permitted, offering strong adaptability for future tenants
  • Dense residential base with thousands of housing units within a few blocks, driving consistent foot traffic and customer base.

OVERVIEW

This unit has no use restrictions, and venting is permitted. The offering occupies the ground floor of the Parc Vues, a five-story, 15-unit pre-war building that was converted to condominiums in 2006. This is an opportunity to acquire a corner, 100% occupied retail asset with below-market rent and no use restrictions. The property is three blocks from Central Park and three blocks from the 110th Street Train Station (2 and 3 Trains). Thousands of housing units are located within just a few blocks.

FOR SALE DETAILS

PRICE

$637,000 USD

PRICE/SF

$442 USD /SF

CAP RATE

6.35%

# OF UNITS

1

CONDO SIZE

-

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corner Net-Leased Harlem Retail

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

7,795 SF

STORIES

5

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

R7-2

APN/PARCEL ID

1823-1113,1823-7502

ASK ABOUT THIS PROPERTY

Scott PlaskyMarcus & MillichapMore Info
917-539-0402

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

Scott PlaskyMarcus & MillichapMore Info
917-539-0402

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