272 Lenox Ave New York, NY 10027
- Retail properties
- 9,000 SF
Current Use by Public Records
- Retail properties
Property Details for 272 Lenox Ave
- Year built
- 1910
- Property size
- 9,000 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional commercial property at 272 Lenox Avenue in New York City's vibrant Central Harlem offers a unique opportunity. The property comprises two buildings, totaling 9,000 square feet across five stories, with a 1,600 square foot vacancy. Built in 1910 and renovated in 2003, this property features high 45-foot ceilings and is ideally suited for various uses, including traditional office, medical office, retail, or restaurant space. The current vacancy offers 1,600 square feet of adaptable space. The buildings boast a blend of historical charm and modern amenities, including central HVAC. While elevators are not present, the property's prime location, one block from the 125th Street commercial corridor, ensures high visibility and foot traffic. The property benefits from excellent public transportation access, with nearby subway lines (2, 3, A, B, C, D, 4, 5, 6) and Metro North. Additional features include a shared 900 square foot backyard with an automated watering system and a yurt-style conference room with central HVAC and AV system, plus access to a shared roof deck. The property taxes are $11.13 per square foot. Potential lease terms range from 5 to 15 years. The building's rich history adds to its unique appeal, having housed notable figures in the past. Venting for restaurant or cafe use is permitted. This property presents a rare chance to establish a business in a historically significant and highly desirable location.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- New York
- County
- Saratoga
- State
- New York
- Longitude
- -73.9458
- Latitude
- 40.8067
