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273 Lenox Ave 4,590 SF 50% Leased Retail Building New York, NY 10027 $3,668,679 CAD ($799.28 CAD/SF) 6.13% Cap Rate
Investment Highlights
- Fully renovated mixed-use building with separate HVAC systems
- Ground floor vacant for owner/user opportunity
- Prime Harlem location near Whole Foods and 125th Street transit
- Vacant office and duplex apartment offer immediate upside
Executive Summary
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.
Property Facts
Amenities
- Roof Terrace
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Second-floor office space available for lease on either a short- or long-term basis. The approximately 850 SF layout is divided into two distinct sections and includes access to a shared kitchen and bathroom. The rear office also features a private terrace. Located on 124th Street just off Lenox Avenue, the property sits in the heart of Harlem with immediate proximity to the 2/3 express trains, Whole Foods, Trader Joe’s, multiple bus lines, and strong daily foot traffic. The space offers approximately 15 feet of window frontage above street level, providing excellent visibility and natural light. Ideal for professional use. Please call for details.
| Space | Size | Space Use | Position | Available |
| 2 | 850 SF | Office | - | Now |
2
| Size |
| 850 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
2
| Size | 850 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Second-floor office space available for lease on either a short- or long-term basis. The approximately 850 SF layout is divided into two distinct sections and includes access to a shared kitchen and bathroom. The rear office also features a private terrace. Located on 124th Street just off Lenox Avenue, the property sits in the heart of Harlem with immediate proximity to the 2/3 express trains, Whole Foods, Trader Joe’s, multiple bus lines, and strong daily foot traffic. The space offers approximately 15 feet of window frontage above street level, providing excellent visibility and natural light. Ideal for professional use. Please call for details.
Nearby Major Retailers
Property Taxes
| Parcel Number | 1908-0133 | Improvements Assessment | $106,907 CAD |
| Land Assessment | $36,209 CAD | Total Assessment | $143,116 CAD |
Property Taxes
Presented by
273 Lenox Ave
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