204 Lenox Ave New York, NY 10027
- Land
Current Use by Public Records
- Land
Property Details for 204 Lenox Ave
- Property type
- Land
Description
This exceptional 1,600 sq ft vacant lot in Harlem, Manhattan, presents a unique development opportunity. Zoned R7-2/C1-4, it allows for a mixed-use building or boutique condo project, with potential for 5,504 buildable square feet. Comparable condo sales in the area exceed $1,000 per square foot, suggesting significant appreciation potential. The property's prime location offers convenient access to numerous amenities, including Marcus Garvey Park, Harlem Library, Malcolm Shabazz Harlem Market, The Studio Museum in Harlem, and Teachers College Community School. Nearby transportation options include the 116th St (2,3) subway station. Local businesses such as Blink Fitness, Whole Foods Market, Chase Bank, and various restaurants and pharmacies further enhance the property's appeal. This opportunity zone property is surrounded by new developments, reflecting the area's ongoing growth and desirability. The 20-foot wide lot presents a compelling investment opportunity for developers seeking to capitalize on Harlem's vibrant and evolving landscape.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.9477
- Latitude
- 40.8047
