273 Lenox Ave New York, NY 10027

The property at 273 Lenox Avenue is a recently renovated mixed-use walk-up building, 17 feet wide, situated on the west side of Lenox Avenue between 123rd and 124th Street. The building spans 3,697 gross square feet and features a duplexed commercial unit on the ground and second floors, offering 1,918 net square feet. The commercial unit is currently rented for $8,000 per month, which equates to $50 per square foot. Additionally, there is a 1,471 net square foot 2-bedroom, 2-bathroom duplex residential unit, rented for $4,000 per month, or $32 per square foot. Both units are operating at less than market rents. The building has been renovated with high-end finishes and appliances and is equipped with highly efficient Mitsubishi heating and cooling units. Located one block from the 2 and 3 train lines and the 125th Street corridor, the property is surrounded by recent and upcoming developments. These include a shopping center at the corner of 125th Street and Lenox, with future tenants such as Whole Foods, Burlington Coat Factory, and American Eagle Outfitters. Nearby sites include The Aloft Hotel, Harlem USA, The Victoria Theatre Development, the Taystee Building, and the rebuilt Corn Exchange. The property is conveniently located near Columbia University and the City College of New York, as well as Morningside Park and Marcus Garvey Park. This property presents an opportunity to own a turn-key mixed-use building and capture rental upside in Central Harlem.