Harlem Multifamily Investment Opportunity

240 Lenox Ave, New York, NY 10027

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For Sale

$7,500,000

Five free-market units in a renovated Harlem building.

Type:Multi Family

Property size:

6,500 SF

Lot size:

0.05 Acres

Price / SF:

$1,153/SF

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.
Historic 4‑story, 23‑foot wide corner lot building.
Opportunity to assume an existing blanket mortgage with the purchase of bundled properties.
Separately metered electric for all units.

We can help!

Contact an agent

Christopher Halliburton

For Sale

$7,500,000

Five free-market units in a renovated Harlem building.

Type:Multi Family

Property size:

6,500 SF

Lot size:

0.05 Acres

Price / SF:

$1,153/SF

Added:: Mar 10, 2026
Days on Market:: 121
Last Refresh:: Jul 2 at 5:27 pm

Property Features for 240 Lenox Ave

General Information

Standard status: Active
Size: 6,500 SF
Lot size: 0.05 Acres
Property subtype: Multi Family

Building Details

Year Built: 1899

We can help!

Contact an agent

Christopher Halliburton

Listing office

Listing date Mar 10, 2026

Source Elliman

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 Christopher Halliburton

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.
Historic 4‑story, 23‑foot wide corner lot building.
Opportunity to assume an existing blanket mortgage with the purchase of bundled properties.
Separately metered electric for all units.

Overview

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.

Property Profile Location Intelligence

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Local Demand

City: New York
County: New York
State: New York
Longitude: -73.9466
Latitude: 40.8058

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For sale
Apartment buildings
NY
New York
10027
240 Lenox Ave

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 Ave New York, 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.