218 Lenox Avenue

        

 

218 Lenox Avenue

 

Located on the thoroughfare Langston Hughes referred to as the heartbeat of Harlem, on the southeast corner of Lenox Ave & West 121 St, and in the landmark of Mount Morris Park's historic district, lies this fully renovated, 21+/- foot wide, 80+/- foot deep, 5 floor, mixed-use corner 3 family townhouse plus store. Boasting east, west, north exposures it consists of 2 floors retail space (currently a salon & day spa), an enormous 80+/- foot long full cellar, and 3 residential floor-through apartments. Each tenant pays for their own heat, hot water, gas, and electric. Gross market annual income = $163,200+/- . Gross annual expenses = $15,000+/-. Cap rate = 9+/-%. Zoning = C1-4/R7-2. Located a block from Marcus Garvey Park. Within 1 to 4 blocks of popular restaurants such as Native, Settepani, Red Rooster, and Chez Lucienne. 4 blocks from West 125th St's commercial corridor, and the express 2 & 3 subways. 5 blocks from West 116 St's commercial corridor and less than a dozen blocks from Central Park.
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This listing courtesy of Douglas Elliman

Property Details:

  • 218 Lenox Avenue
  • Price: $1,750,000
  • Neighborhood: Harlem
  • Commercial
  • Approximate Sq. Feet: 5,250
  • Listing ID: 1360093

Area Details:

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Brian Phillips

Brian Phillips

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