218 Lenox Avenue
$1,750,000
- 3
- beds
- 5
- Baths
- Investment
AGENTS
Property Description
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.
PROPERTY DETAILS
- Interior
- 5,250 Sq Ft.
- Property Type
- Investment
- Year Built
- 1909
- MLS/Listing ID
- 1360093
- Days On Market
- 165
NEARBY LISTINGS
19 West 120th St
New York
$1,800,000
5beds4baths
Listing Courtesy of Miscellaneous
5 West 121st St
New York
$1,650,000
Listing Courtesy of Douglas Elliman
5 West 120th St, GRDNDUPLX
New York
$789,000
2beds2baths1Half Bath
5 West 120th St, 2F
New York
$689,000
2beds2baths