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.
This listing courtesy of Douglas Elliman