Harlem Mixed-Use Building Near 125th
273 Lenox Avenue, New York, NY 10027
Commercial Building, Low-rise - New York, NY
Property size:
4,860 SFPrice / SF:
$555/SF- Added:
- Jan 30, 2026
- Days on Market:
- 116
- Last Refresh:
- May 26 at 6:06 am
Property Features for 273 Lenox Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bedrooms
- 2
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
- Parking features
- Garage
- Exterior features
- Terrace
- Fireplace
- 1
- Standard status
- Active
- Size
- 4,860 SF
Taxes and HOA fees
- Tax Annual Amount
- 0
Utilities
- Heating system
- Fireplace(s)
Building Details
- Architectural style
- Other
Listing agent John McGuinness (212) 369-1518
Listing office Compass 90 Fifth Avenue, 3rd Floor, New York, NY (646) 982-0353
Listing date Jan 30, 2026
MLS# 11667023
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location in the heart of Harlem, steps from major transportation and retail.
- Mixed‑use building with multiple income streams.
- Significant income potential with projected gross annual income of $246,000 at full market rent stabilization.
- Vacant ground‑floor commercial space (1,224 sq ft) with high‑ceiling cellar (1,085 sq ft) suitable for various occupancy.
- Renovated two‑bedroom duplex currently leased at $4,800/month with upside to market rent upon lease expiration.
- Flexible C4‑4 zoning with additional air rights offering future development potential.
Overview
Located just off West 125th Street in Harlem, 273 Lenox Avenue is a mixed-use building positioned within a C4-4 zoning district. The property contains approximately 3,778 square feet above grade plus a dry, high-ceiling cellar of approximately 1,082 square feet. The 17' x 75' lot is built nearly full on the ground level, maximizing commercial utility, and includes approximately 500 square feet of additional air rights. The building is steps from the 2/3 express trains, Trader Joe's, Whole Foods, and numerous neighborhood retailers and restaurants. The upper two floors are configured as a renovated two-bedroom, two-bathroom duplex with high ceilings and strong natural light. The unit is currently leased at $4,800 per month through December 23, 2026. The ground-floor commercial space measures approximately 1,224 square feet and is supported by approximately 1,085 square feet of clean, high-ceiling cellar space directly below. The space has been delivered vacant and is suitable for retail, office, or owner-user occupancy. The parlor level is configured as a separate commercial office unit with two private offices and a private rear terrace. At full stabilization using market rent, the property offers a projected gross monthly income of approximately $20,500, or $246,000 annually. This property presents a flexible opportunity for an investor or owner-user seeking scale, multiple income streams, and prime positioning within one of Harlem's most active commercial corridors.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.946464
- Latitude
- 40.806983
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use building in Harlem with commercial and residential income.
Where is this mixed-use property located?
The property is located at 273 Lenox Avenue New York, NY.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Prime location in the heart of Harlem, steps from major transportation and retail.; Mixed‑use building with multiple income streams.; Significant income potential with projected gross annual income of $246,000 at full market rent stabilization.
