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Historic Four-Story Apartment Building
For Sale
$7,500,000

240 Lenox Avenue, New York, NY 10027

Residential Income, New York, NY

Property Size6,500 SF
Lot Size0.05 Acres
Price / SF$1,153
Days on Market373

Property Features for 240 Lenox Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 15
Bathrooms 5
Full bathrooms 5
Rooms Bedroom 4, Bedroom 12, Bedroom 14, Bathroom 5, Bathroom 3, Bedroom 8, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 6, Bedroom 11, Bedroom 1, Bedroom 7, Bedroom 5, Bathroom 4, Bedroom 15, Bedroom 9, Bedroom 13, Bedroom 2, Bedroom 10
Fireplace 1
Subdivision Mt. Morris Park
High school district 000000
Standard status Active
Size 6,500 SF
Lot size 0.05 Acres

Amenities

central air
in-unit laundry

Building Details

Architectural style Other
Listing Agency: Compass
Listed By: Chris Halliburton
Added: Aug 13, 2025 Changed: Aug 20 Last Checked: Aug 20 at 2:06PM
MLS# 11568005

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

240 Lenox Avenue is a historic four-story, 23-foot wide corner lot apartment building with brick/masonry construction and year built 1899. The property contains five free-market units with 3-bed, 2-bath layouts. Renovated units feature central air and in-unit laundry, and electric service is all separately metered. The building also includes fireplace(s).

The building is located in Central Harlem near retail and popular restaurants, bars, and shops, with convenient access to Morningside and Marcus Garvey Parks and transportation options.

The property is zoned R7-2, C2. Lot size is 23 ft x 100 ft, and building size is 23 ft x 60 ft, totaling 6,500 square feet. Electric is separately metered for the units.

Key Highlights

  • Historic 1899 brick/masonry four‑story corner lot apartment building
  • Five free‑market units with 3‑bed, 2‑bath layouts
  • Central air plus in‑unit laundry in renovated units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Acupuncture Accounting Firm Building Supply Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

9,401
Businesses Nearby

Demographics for 10027, NY

64,037
Population
28,038
Households
2.3
Avg Household Size
32
Median Age
52%
College-Educated
87%
High-School Grad
0.9 sq mi
ZIP Area
71,152
Density / Sq Mi
$64,220
Median Household Income
$44,231
Median Earnings
$1,609
Median Rent
$915,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Five free-market 3-bed/2-bath units with central air and in-unit laundry, zoned R7-2/C2.
Where is this apartment building located?
The property is located at 240 Lenox Avenue New York, NY.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Historic 1899 brick/masonry four‑story corner lot apartment building; Five free‑market units with 3‑bed, 2‑bath layouts; Central air plus in‑unit laundry in renovated units
More about this property
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