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    204 Lenox Ave New York, NY 10027

    For Sale
    $999,000

    Vacant lot in Harlem, ideal for mixed-use or residential development.

    Lot size:
    0.04 Acres

    Property Features for 204 Lenox Ave

    General Information

    Lot size
    0.04 Acres

    Source: Asset Commercial Realty Group Agent Sadya Liberow

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lenox Avenue Development Opportunity

    This vacant lot, located at 204 Lenox Ave in New York, NY, presents a prime development opportunity in the historic Harlem neighborhood. The property offers 5,504 square feet of buildable space, making it suitable for a mixed-use or residential boutique condo development. Its location near the 116 St [2,3] Subway Station on Malcolm X Blvd provides convenient access to transportation. Comparable condo sales in the area indicate a high potential return on investment, with sales reaching approximately $1,000 per square foot.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9473565
    Latitude
    40.804711

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    FAQs

    What type of property is this?
    Land - Vacant lot in Harlem, ideal for mixed-use or residential development.
    Where is this land located?
    The property is located at 204 Lenox Ave New York, NY.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: - Prime development opportunity in Harlem.; - 5,504 square feet of buildable space.; - **High ROI potential** with comparable condo sales at $1,000 per square foot.
    (347) 762-4055
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    204 Lenox Ave New York, NY 10027
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    204 Lenox Ave New York, NY 10027
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