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Historic Mixed-Use Townhouse
For Sale
$1,600,000

188 Lenox Avenue, New York, NY 10027

Ground-floor commercial space is paired with vacant residential units above.

Property SizeContact for details
Days on Market12

Property Features for 188 Lenox Avenue

General Information

Standard status Active
Property subtype Residential Income

Site & Location

Neighborhood Harlem
Mixed-Use Components retail, residential

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $3,150

Amenities

Full,Unfinished
Yes
Original Details
Full, Unfinished
Public
No

Building Details

Year Built 1887
Buildings 1
Stories 4
Listing Agency:
Listed By: Randy Kral
Source: Hedgestonehomes
Added: Oct 21 Changed: Oct 31 Last Checked: Oct 31 at 2:55AM

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 Randy Kral

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Investment Insights

Based on property information with market context.

Built in 1887, this mixed-use townhouse has ground-floor commercial space currently used as a hardware store and vacant residential units on the upper floors. Interior features include original details and a full, unfinished basement.

The property is on Lenox Avenue between 119th and 120th Streets. Plans approved by the NYC Department of Buildings call for four residential apartments—a pair of studios on the second floor and two floor-through two-bedroom apartments on the third and fourth floors—alongside the commercial space. The building can be delivered with a Certificate of Non-Harassment and these approved plans.

Key Highlights

  • Built in 1887
  • Ground‑floor commercial space currently used as a hardware store
  • Approved plans provide for four residential units plus commercial space

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Real Estate Agency Acupuncture Accounting Firm Building Supply Auto Parts Store

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

3
Residential units

Location Intelligence

Trade Area within ½ mile

8,671
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

Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor commercial space is paired with vacant residential units above.
Where is this mixed-use property located?
The property is located at 188 Lenox Avenue New York, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Built in 1887; Ground‑floor commercial space currently used as a hardware store; Approved plans provide for four residential units plus commercial space
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