Multi-Tenant Retail Condo
For Sale
Contact for pricing
166 Lenox Ave, New York, NY 10026
Six fully occupied retail condos with 96 feet of frontage on Lenox Avenue near the 116th Street subway station.
Property SizeContact for details
Days on Market123
Property Features for 166 Lenox Ave
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Manhattan
(212) 430-5229
Listed By:
Scott Plasky · License #NY 40PL1176852
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 20 at 9:57PM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
The offering consists of six retail condos configured as a multi-tenant retail property with four tenant units, totaling 4,049 rentable square feet. The building is positioned at the corner of 119th Street and Lenox Avenue at the base of The Normandie. El Encanto de Lola (Mexican Restaurant) and a Beauty Supply Store each occupy two units, while Wynn Optics has been at the location since 2006. All units are 100% occupied, and lease terms run from 2025 through 2031, with 3% annual increases and tenant responsibility for proportionate real estate tax reimbursements above base years.
The property features 96 feet of retail frontage on Lenox Avenue (Malcolm X Boulevard), a heavily traveled Central Harlem avenue. It is less than three blocks from the 116th Street Subway Station (2 and 3 Trains) and is directly across from Harlem Success Academy. The immediate retail area includes major and local operators such as Bank of America, Wells Fargo, CVS, T-Mobile, Carver Bank, and Fine Fare.
The property features 96 feet of retail frontage on Lenox Avenue (Malcolm X Boulevard), a heavily traveled Central Harlem avenue. It is less than three blocks from the 116th Street Subway Station (2 and 3 Trains) and is directly across from Harlem Success Academy. The immediate retail area includes major and local operators such as Bank of America, Wells Fargo, CVS, T-Mobile, Carver Bank, and Fine Fare.
Key Highlights
- Six retail condos (four tenants) totaling 4,049 rentable SF, 100% occupied.
- 96 feet of retail frontage on Lenox Avenue (Malcolm X Boulevard) on a heavily traveled Central Harlem corridor.
- Leases in place for all tenants with terms running 2025–2031 and 3% annual increases.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,306
Businesses Nearby
Under-served
Demand for This Use
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
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Six fully occupied retail condos with 96 feet of frontage on Lenox Avenue near the 116th Street subway station.
Where is this storefront property located?
The property is located at 166 Lenox Ave New York, NY.
What are key features of this property?
This property features: Six retail condos (four tenants) totaling 4,049 rentable SF, 100% occupied.; 96 feet of retail frontage on Lenox Avenue (Malcolm X Boulevard) on a heavily traveled Central Harlem corridor.; Leases in place for all tenants with terms running 2025–2031 and 3% annual increases.
