Property profile

270 Lenox Ave New York, NY 10027

OFF-MARKET
Retail properties & Spaces
9,000 SF Built 1910
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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

Current use

Occupant on record · Public records
  • Tour Operator

Location

270 Lenox Ave New York, NY 10027
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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