Renovated Mixed-Use Property with
For Sale
$2,800,000
273 Lenox Avenue, New York, NY 10027
COMMERCIAL - Other - New York, NY
Property Size4,860 SF
Price / SF$576.13
Days on Market182
Property Features for 273 Lenox Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2
Fireplace
1
Subdivision
Mt. Morris Park
High school district
000000
Standard status
Active
Size
4,860 SF
Amenities
full-height dry cellar with sidewalk hatch access
separate HVAC systems per unit
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
John Mcguinness
Added: Jan 30
Changed: Jul 31
Last Checked: Jul 31 at 6:06PM
MLS# 11873419
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.
Investment Insights
Based on property information with market context.
273 Lenox Avenue is a renovated mixed-use building offering an owner’s duplex above two independent commercial spaces. The upper level is configured as a two-bedroom, two-bathroom duplex with natural light and soaring ceilings, and it includes a fireplace. Below, the street-level storefront provides direct retail access and visibility for retail, gallery, showroom, medical, wellness, or professional office use.
A completely separate second-floor office suite sits above the storefront, creating an additional income-producing space or a private headquarters for an owner-occupant. The building was extensively gut renovated in the 2010s and modernized with separate HVAC systems serving each unit independently.
Additional improvements include a full-height, dry cellar with sidewalk hatch access for storage. The property size is 4,860 square feet.
A completely separate second-floor office suite sits above the storefront, creating an additional income-producing space or a private headquarters for an owner-occupant. The building was extensively gut renovated in the 2010s and modernized with separate HVAC systems serving each unit independently.
Additional improvements include a full-height, dry cellar with sidewalk hatch access for storage. The property size is 4,860 square feet.
Key Highlights
- 4,860‑square‑foot renovated mixed‑use building with an owner’s duplex plus two separate commercial spaces
- Upper level: two‑bedroom, two‑bathroom duplex with natural light and soaring ceilings
- Street‑level storefront with direct retail access and visibility along Lenox Avenue
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $291.6k | $60.00 |
| − Vacancy | −$43.7k | −$9.00 |
| EGI | $247.9k | $51.00 |
| − OpEx | −$92.9k | −$19.13 |
| NOI | $154.9k | $31.88 |
4,860 SF · lease $60.00/SF/yr · vacancy 15.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$9.77M
$8.55M – $11.40M
NOI $683,921 @ 7.0% cap · market cap 24.43%
Second Best
Mixed Use
$2.21M
$1.94M – $2.58M
NOI $154,913 @ 7.0% cap · market cap 5.53%
Theoretical Best
Specialty Retail
$12.10M
$10.59M – $14.11M
NOI $846,806 @ 7.0% cap · market cap 30.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
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
Properties on Market for Mixed-use properties in New York
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated duplex above a street-level storefront with direct retail access and a separate second-floor office suite.
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 $2,800,000.
What are key features of this property?
This property features: 4,860‑square‑foot renovated mixed‑use building with an owner’s duplex plus two separate commercial spaces; Upper level: two‑bedroom, two‑bathroom duplex with natural light and soaring ceilings; Street‑level storefront with direct retail access and visibility along Lenox Avenue
