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273 Lenox Ave
New York, NY 10027
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Fully renovated mixed-use building with separate HVAC systems
- Ground floor leased at strong market rate through 2025
- 510 SF of air rights allow for vertical expansion
- Prime Harlem location near Whole Foods and 125th Street transit
- Vacant office and duplex apartment offer immediate upside
EXECUTIVE SUMMARY
273 Lenox Avenue presents a rare opportunity to acquire a fully renovated four-story mixed-use building in the heart of Harlem’s vibrant Lenox Avenue corridor. Positioned just one block from Whole Foods and the bustling 125th Street retail and transit hub, this property offers both immediate income and long-term upside.
The ground floor is currently leased to a commercial office tenant with direct access to the basement, maximizing usability. The second floor features a floor-through office suite with high ceilings, a conference room, kitchen, and private balcony—ideal for owner occupancy or conversion to residential. Above, a spacious two-bedroom duplex apartment spans the third and fourth floors, outfitted with premium appliances and generous ceiling heights, offering strong rental appeal.
With 510 square feet of unused air rights, the building allows for vertical expansion, including the potential to convert the duplex into a triplex. Zoned C4-4A with an FAR of 4.0, the site supports mixed-use development in a high-demand area. Individually metered utilities and separate HVAC systems enhance operational efficiency.
Whether for a user seeking a live/work configuration or an investor targeting stable returns in a prime location, 273 Lenox Avenue delivers flexibility, income, and future growth potential.
The ground floor is currently leased to a commercial office tenant with direct access to the basement, maximizing usability. The second floor features a floor-through office suite with high ceilings, a conference room, kitchen, and private balcony—ideal for owner occupancy or conversion to residential. Above, a spacious two-bedroom duplex apartment spans the third and fourth floors, outfitted with premium appliances and generous ceiling heights, offering strong rental appeal.
With 510 square feet of unused air rights, the building allows for vertical expansion, including the potential to convert the duplex into a triplex. Zoned C4-4A with an FAR of 4.0, the site supports mixed-use development in a high-demand area. Individually metered utilities and separate HVAC systems enhance operational efficiency.
Whether for a user seeking a live/work configuration or an investor targeting stable returns in a prime location, 273 Lenox Avenue delivers flexibility, income, and future growth potential.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,590 SF
Building Class
C
Year Built
1909
Price
$6,200,100 CAD
Price Per SF
$1,350.78 CAD
Cap Rate
3.68%
NOI
$228,189 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.60
Lot Size
0.03 AC
Opportunity Zone
Yes
Zoning
C4-4 - C4 - Regional commercial center located outside of the central business districts
Frontage
17’ on Malcolm X Blvd
PROPERTY TAXES
| Parcel Number | 1908-0133 | Improvements Assessment | $109,007 CAD |
| Land Assessment | $36,921 CAD | Total Assessment | $145,928 CAD |
PROPERTY TAXES
Parcel Number
1908-0133
Land Assessment
$36,921 CAD
Improvements Assessment
$109,007 CAD
Total Assessment
$145,928 CAD
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