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    192 Lenox Ave New York, NY 10026

    Sponsored
    For Sale
    Contact for pricing

    Prime Harlem Retail Opportunity: High NOI, Strong Lease.

    Property size:
    1,608 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,608 square foot retail property at 192 Lenox Avenue in New York, NY 10026 presents a compelling investment opportunity. Located in the vibrant Harlem neighborhood of Manhattan, this single-story, free-standing building offers a versatile space currently configured as a restaurant and storefront. The property boasts a strong net operating income (NOI) of $73,698, reflecting the consistent profitability of the current tenant. The lease has a remaining term of three years, providing immediate cash flow and long-term potential. The tenant is responsible for 100% of taxes after the base year, minimizing owner expenses. Ideal for a light food establishment or bakery cafe, the space is well-suited for a variety of culinary concepts. The property's prime location within a bustling commercial area ensures high visibility and foot traffic. This is a rare chance to acquire a profitable retail property in a highly sought-after New York City location. The property is privately owned and offers a single unit within a single building. Serious inquiries only.

    Property Features for 192 Lenox Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,608 SF

    Building Details

    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 1,608 SF free‑standing retail building in Harlem, Manhattan.
    • Strong NOI of $73,698 with a three‑year lease remaining.
    • Tenant pays 100% of taxes after the base year.
    • Suitable for a light food establishment or bakery cafe.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9476441
    Latitude
    40.8042237

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    FAQs

    What type of property is this?
    Individual retail property - Prime Harlem Retail Opportunity: High NOI, Strong Lease.
    Where is this individual retail property located?
    The property is located at 192 Lenox Ave New York, NY.
    What are key features of this property?
    This property features: 1,608 SF free-standing retail building in Harlem, Manhattan.; Strong NOI of $73,698 with a three-year lease remaining.; Tenant pays 100% of taxes after the base year.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    192 Lenox Ave New York, NY 10026
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