Property profile

192 Lenox Ave New York, NY 10026

OFF-MARKET
Retail properties & Spaces
1,608 SF
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Total area 1,608 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

192 Lenox Ave New York, NY 10026
New York metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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