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Corner Retail Condominium
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61 Lenox Avenue, New York, NY 10026

Ground-floor commercial unit with a lower level and an active service-tenant lease.

Property Size1,300 SF
Price / SF$846.15
Days on Market4

Property Features for 61 Lenox Avenue

General Information

Standard status Active
Size 1,300 SF
Class B
Property subtype Multifamily, Mixed Use
Zoning R7-2
Net Operating Income $63,037

Site & Location

Frontage 50 ft
Corner Location Yes

Additional Details

Floor 1, Lower Level

Building Details

Year Built 1900
Stories 5
Units 15
Tenancy Single
Listing Agency: JMRENY
Listed By: Joseph Maselli · License #10461206040
Source: Crexi
Added: Aug 31 Changed: Sep 2 Last Checked: Sep 2 at 2:00PM

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 JMRENY

Investment Insights

Based on property information with market context.

This retail condominium occupies the first floor of a mixed-use building at the intersection of Lenox Avenue and West 113th Street. The premises include approximately 50 feet of Lenox Avenue frontage and a lower level, providing a two-level commercial layout. The property is designated R7-2.

Dry Clean NYC occupies the space under a ten-year lease scheduled to end in January 2032. Lease economics include 3% annual rent increases and reimbursement of real estate taxes above the 2022/2023 base year. The tenant uses the premises as a drop-off location and operates multiple Manhattan and Bronx locations.

Key Highlights

  • Retail condominium at the corner of Lenox Avenue and West 113th Street
  • Approximately 50 feet of frontage along Lenox Avenue
  • First‑floor space with a lower level in a mixed‑use building

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Acupuncture Accounting Firm Big Box & Wholesale Store Electrical Service

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

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

8,306
Businesses Nearby
Under-served
Demand for This Use

Demographics for 10026, NY

35,644
Population
17,648
Households
2
Avg Household Size
37
Median Age
54%
College-Educated
90%
High-School Grad
0.4 sq mi
ZIP Area
89,110
Density / Sq Mi
$74,140
Median Household Income
$56,919
Median Earnings
$1,546
Median Rent
$1,014,100
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Storefront property - Ground-floor commercial unit with a lower level and an active service-tenant lease.
Where is this storefront property located?
The property is located at 61 Lenox Avenue New York, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Retail condominium at the corner of Lenox Avenue and West 113th Street; Approximately 50 feet of frontage along Lenox Avenue; First‑floor space with a lower level in a mixed‑use building
(516) 253-1113 Call to check price and availability
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