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    OFF-MARKET
    Retail properties & Spaces

    270 Lenox Ave, New York, NY 10027

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

    This exceptional commercial property at 270 Lenox Avenue in Central Harlem offers a unique opportunity. The property consists of two buildings, totaling 9,000 square feet, with a currently available 1,600 square feet of space. Built in 1910 and renovated in 2003, this five-story building features a blend of historic charm and modern amenities. The available space is ideal for a variety of uses, including corporate offices, medical practices, or service-related businesses. The space includes exposed brick, large windows, recessed lighting, FIOS internet and wireless, and central HVAC. A kitchenette and powder room are also included. The property boasts 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. Venting is allowed, making it suitable for restaurant or café use. The property benefits from high visibility and foot traffic due to its prime location, one block from the 125th Street commercial corridor. Convenient access to the 2 and 3 subway lines, and other major transportation options, adds to its appeal. The potential lease term is 5-15 years. The property's rich history, once home to notable figures, adds to its unique character. Property taxes are $11.13 per square foot. The building does not have elevators. Adjacent properties offer potential for contiguous rentals.

    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
    Current use
    Occupant on record · Public records
    • Studio and Residence of Harlem Renaissance Photographer James Van Der Zee Tour Operator
    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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