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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

272 Lenox Ave New York, NY 10027

9,000 SF Built 1910
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1910
Total area 9,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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