Two-Bedroom Income
151 LENOX Avenue 2, Manhattan, NY 10026
For Sale
$995,000
Second-floor condominium with two bedrooms, two baths, central air, and dedicated in-unit laundry.
Property Size1,196 SF
Price / SF$831.94
Days on Market52
Property Features for 151 LENOX Avenue 2
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
in-unit washer and dryer
central air conditioning
storage unit
Building Details
Building Size
Year Built
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Leanne Stella
(917) 273-4405
Source:
Bondnyre
Added: Sep 17
Changed: Nov 7
Last Checked: Nov 6 at 3:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brown Harris Stevens Residential Sales LLC
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Investment Insights
Based on property information with market context.
This second-floor residential income property is a 1,196-square-foot condominium in a 1933 boutique walk-up building. The two-bedroom, two-bath layout features high ceilings, wide-plank oak flooring, triple exposures to the east, west, and south, and an expansive living area. Its kitchen includes stainless steel appliances, custom cabinetry, sleek countertops, and a center island beside a dedicated dining area.
The primary bedroom has a custom closet and en suite bath with a double vanity, soaking tub, and separate enclosed shower. A second full bathroom serves the additional bedroom. Central air conditioning, an in-unit washer and dryer, deep closets, and a full-height building storage unit add practical utility.
The property is located in South Harlem near Central Park, Marcus Garvey Park, and Morningside Park. The 2, 3, B, and C subway lines provide access to nearby transit connections.
The primary bedroom has a custom closet and en suite bath with a double vanity, soaking tub, and separate enclosed shower. A second full bathroom serves the additional bedroom. Central air conditioning, an in-unit washer and dryer, deep closets, and a full-height building storage unit add practical utility.
The property is located in South Harlem near Central Park, Marcus Garvey Park, and Morningside Park. The 2, 3, B, and C subway lines provide access to nearby transit connections.
Key Highlights
- 1,196‑square‑foot second‑floor condominium
- Two‑bedroom, two‑bath layout with primary en suite bathroom
- Triple exposures to the east, west, and south
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,420
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,400
$748.4K
Cap Rate 7%
$534,571
$534.6K
Cap Rate 9%
$415,778
$415.8K
Market Conditions
NOI Build-Up for 1,196 SF
Gross rent
$71.6K $59.88/SF
− Vacancy
−$3.6K −$2.99/SF
EGI
$68.0K $56.89/SF
− OpEx
−$30.6K −$25.60/SF
NOI
$37.4K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,400
Cap Rate 7%
$534,571
Cap Rate 9%
$415,778
Alternative Uses
Best Use
Apartment 5plus
$534.6K
$467.8K – $623.7K
NOI $37,420 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.98M
$2.60M – $3.47M
NOI $208,391 @ 7.0% cap · market cap 20.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
9,010
Businesses Nearby
Explore this area
Business Placement
Demographics for 10026, NY
35,644
Population
17,648
Households
2
Avg Household Size
37
Median Age
54%
College-Educated
90%
High-School Grad
0.4 sq mi
ZIP Area
89,110
Density / Sq Mi
$74,140
Median Household Income
$56,919
Median Earnings
$1,546
Median Rent
$1,014,100
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor condominium with two bedrooms, two baths, central air, and dedicated in-unit laundry.
Where is this residential income property located?
The property is located at 151 LENOX Avenue 2 Manhattan, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 1,196‑square‑foot second‑floor condominium; Two‑bedroom, two‑bath layout with primary en suite bathroom; Triple exposures to the east, west, and south
