Harlem Multifamily Investment
For Sale
$7,500,000
240 Lenox Avenue, New York City, NY 10027
Five free-market units in a renovated Harlem building.
Property Size6,500 SF
Lot Size0.05 Acres
Price / SF$1,153
Days on Market377
Property Features for 240 Lenox Avenue
General Information
Standard status
Active
Size
6,500 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$6,384
Building Details
Building Size
6,500 SF
Year Built
1899
Listing Agency:
Compass
(917) 518-9746
Listed By:
Christopher Halliburton
(917) 518-9746
Source:
Nobleblackandpartners
Added: Aug 13, 2025
Changed: Aug 23
Last Checked: Aug 23 at 4:40AM
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 Compass
Investment Insights
Based on property information with market context.
Located in Central Harlem, this residential building presents an investment opportunity near restaurants, bars, shops, Morningside Park, Marcus Garvey Park, and transportation. The historic 4-story building, situated on a 23-foot wide corner lot, contains 5 free-market residential units, each featuring 3 bedrooms and 2 bathrooms. The building's dimensions are 23 feet by 60 feet, with a total building square footage of 6,500. Each unit has been renovated and includes central air and in-unit laundry. The lot size is 23 feet by 100 feet. The electric utilities are separately metered for each unit. This property is offered as a bundle with two other Harlem residential buildings with free-market units, all under one blanket mortgage that may be assumed.
Key Highlights
- Desirable Central Harlem location near restaurants, shops, parks, and transportation.
- Five free‑market, 3‑bed/2‑bath residential units.
- Renovated units feature central air and in‑unit laundry.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9,401
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Five free-market units in a renovated Harlem building.
Where is this apartment building located?
The property is located at 240 Lenox Avenue New York City, NY.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Desirable Central Harlem location near restaurants, shops, parks, and transportation.; Five free‑market, 3‑bed/2‑bath residential units.; Renovated units feature central air and in‑unit laundry.
