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121 Lenox Ave 916 - 32,408 SF of Retail Space Available in New York, NY 10026
Highlights
- Prominent corner location directly above the 116th Street 2 and 3 subway station.
- Situated in an Opportunity Zone with potential investor tax incentives.
- Surrounding tenants include major banks, national retailers, and local cultural hubs.
- Multiple configurations available, including retail, school, and banquet hall space; options for combined occupancy.
- Existing infrastructure includes a built conveyor system and multiple loading/egress points.
- Immediate availability for most spaces, enhancing speed to occupancy.
Space Availability (4)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| Lower Level, Ste A | 7,992 SF | 8’ - 10’ | Negotiable | Upon Request Upon Request Upon Request Upon Request | Modified Gross | |
| Ground, Ste A | 916 SF | 13’ | Negotiable | Upon Request Upon Request Upon Request Upon Request | Modified Gross | |
| Ground, Ste C | 1,800-3,500 SF | 13’ - 15’ | Negotiable | Upon Request Upon Request Upon Request Upon Request | Modified Gross | |
| 2nd Floor, Ste B | 20,000 SF | 13’ - 17’ | Negotiable | Upon Request Upon Request Upon Request Upon Request | Modified Gross |
Lower Level, Ste A
Directly in front of the 116th Street subway station serviced by the 2, 3 trains with annual ridership of 3,729,434. Built conveyor belt from loading dock to Lower Level. Positioned in opportunity zone, as tenant benefits from tax incentives for investors. Space B is a turnkey 2nd generation school installation in excellent condition with multiple means of egress and elevators in place, currently operating as Harlem Prep Elementary. Do not disturb tenant of Store C, inspections by appointment only. Store C is a banquet hall portion of Amy Ruth’s restaurant with its own separate storefront, demised from the main restaurant. All spaces can be combined.
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 32,408 SF of adjacent space
- Finished Ceilings: 8’ - 10’
Ground, Ste A
Directly in front of the 116th Street subway station serviced by the 2, 3 trains with annual ridership of 3,729,434. Built conveyor belt from loading dock to Lower Level. Positioned in opportunity zone, as tenant benefits from tax incentives for investors. Space B is a turnkey 2nd generation school installation in excellent condition with multiple means of egress and elevators in place, currently operating as Harlem Prep Elementary. Do not disturb tenant of Store C, inspections by appointment only. Store C is a banquet hall portion of Amy Ruth’s restaurant with its own separate storefront, demised from the main restaurant. All spaces can be combined.
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 32,408 SF of adjacent space
- Finished Ceilings: 13’
Ground, Ste C
Directly in front of the 116th Street subway station serviced by the 2, 3 trains with annual ridership of 3,729,434. Built conveyor belt from loading dock to Lower Level. Positioned in opportunity zone, as tenant benefits from tax incentives for investors. Space B is a turnkey 2nd generation school installation in excellent condition with multiple means of egress and elevators in place, currently operating as Harlem Prep Elementary. Do not disturb tenant of Store C, inspections by appointment only. Store C is a banquet hall portion of Amy Ruth’s restaurant with its own separate storefront, demised from the main restaurant. All spaces can be combined.
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as Specialty Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 32,408 SF of adjacent space
- Finished Ceilings: 13’ - 15’
2nd Floor, Ste B
Directly in front of the 116th Street subway station serviced by the 2, 3 trains with annual ridership of 3,729,434. Built conveyor belt from loading dock to Lower Level. Positioned in opportunity zone, as tenant benefits from tax incentives for investors. Space B is a turnkey 2nd generation school installation in excellent condition with multiple means of egress and elevators in place, currently operating as Harlem Prep Elementary. Do not disturb tenant of Store C, inspections by appointment only. Store C is a banquet hall portion of Amy Ruth’s restaurant with its own separate storefront, demised from the main restaurant. All spaces can be combined.
- Listed rate may not include certain utilities, building services and property expenses
- Partially Built-Out as Specialty Space
- Can be combined with additional space(s) for up to 32,408 SF of adjacent space
- Finished Ceilings: 13’ - 17’
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 121 Lenox Ave, New York, NY 10026
- Tenant
- Description
- US Locations
- Reach
- Sarah Jane Brain Foundation Inc
- Discount Store
- 1
- Local
| Tenant | Description | US Locations | Reach |
| Sarah Jane Brain Foundation Inc | Discount Store | 1 | Local |
Property Facts
| Total Space Available | 32,408 SF | Gross Leasable Area | 55,732 SF |
| Min. Divisible | 916 SF | Year Built | 1920 |
| Property Type | Retail | Parking Ratio | 0.02/1,000 SF |
| Property Subtype | Storefront Retail/Office |
| Total Space Available | 32,408 SF |
| Min. Divisible | 916 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 55,732 SF |
| Year Built | 1920 |
| Parking Ratio | 0.02/1,000 SF |
About the Property
121 Lenox Avenue is a mixed-use property located in Harlem at the northwest corner of Lenox Avenue and West 116th Street. It offers multiple levels of space including ground-floor retail, storage, and institutional-use space on the second floor. The property sits adjacent to the 116th Street subway station serviced by the 2 and 3 lines. The surrounding area consists of retail establishments, pharmacies, banks, and dining options. The building is located within an Opportunity Zone.
- Bus Line
- Corner Lot
- Metro/Subway
Nearby Major Retailers
Presented by
121 Lenox Ave
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