273 Lenox Avenue Manhattan, NY 10027
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,860 sqft
Price per Sqft $555
Subdivision Harlem
MLS Listing ID RLS20070860
Bedrooms 2
Full Baths 2
Half Baths 2
HOA Y/N Yes
Year Built 1909
Annual Tax Amount $20,724
Property Sub-Type Mixed Use
Property Description
The upper two floors are configured as a renovated two-bedroom, two-bathroom duplex with high ceilings and strong natural light. The unit is currently leased at $4,800 per month through December 23, 2026. Market rent for comparable renovated duplex units in this immediate corridor is approximately $6,500 per month, indicating clear residential upside upon lease expiration.
The ground-floor commercial space measures approximately 1,224 square feet and is supported by approximately 1,085 square feet of clean, high-ceiling cellar space directly below. The space has been delivered vacant and is suitable for retail, office, or owner-user occupancy. Market rent for the ground floor and cellar combined is estimated at $10,000 per month. The parlor level is configured as a separate commercial office unit with two private offices and a private rear terrace, and is projected rent is $4,000 per month.
At full stabilization using market rent, the property offers a projected gross monthly income of approximately $20,500, or $246,000 annually.
273 Lenox Avenue presents a flexible opportunity for an investor or owner-user seeking scale, multiple income streams, and prime positioning within one of Harlem's most active commercial corridors.
Location
State NY
County New York
Rooms
Basement Full
Interior
Interior Features Eat-in Kitchen, High Ceilings
Heating Central
Cooling Central Air
Flooring Hardwood
Fireplaces Number 1
Fireplaces Type Decorative
Furnishings Unfurnished
Fireplace Yes
Laundry In Unit, See Remarks
Exterior
Exterior Feature Private Outdoor Space Over 60 Sqft
View Y/N No
Porch Terrace
Private Pool No
Building
Dwelling Type Mixed Use,Townhouse
Story 4
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Ownership None
Monthly Total Fees $1, 727
Pets Allowed Building No, No
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION