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Property Description

Location:West side of Lenox Avenue betweenWest 123rd and West 124th Streets Block:1908 Lot: 133 LotSize:17x 75 Building Size: Basement: 17 x 75 1,275 sq. ft. Ground Floor: 17 x 75 1,275 sq. ft. 2nd Floor: 17 x 65 1,105sq. ft Office 3rd Floor: 17 x 65 1,105 sq. ft. Duplex 4th Floor: 17 x 65 1,105sq. ft. Duplex Stories: Four (4) Plus Basement GrossSquare Feet: 4,590 (Approximately)Above Grade Zoning:(FAR) C4-4A:(4.0) R7A equivalent (4.0) Height Limit 80 Total Buildable Sq. Ft: 5,100 Total Available Air Rights: 510 Annual Real Estate Taxes: 20,981.60 Description: A 17 wide 1-unit four story mixed-use building. The first hasa store, which is being used as an office. The space is built full and hasaccess to the basement Second Floor: The second floor is a floor-through office, which has a kitchen,a half bathroom, a conference room and two office rooms. To the back is thebalcony, which gets great sunlight. This unit has 10 ceilings. Third & Fourth Floors: The third and fourth floors is a two-bedroom, two bathroom duplexapartment. The unit has a big living room, with a dining area. The kitchen hastop of the line appliances. The floors have 10 ceilings each The building is newly renovated and individually metered for gasand electric. There is a gas water heater and separate HVAC for heating andcooling to all the units. The property is a greatuser opportunity, a user can have a business on the ground floor and usethe second floor as an office. The third and fourth floor duplex apartment can be rented for income. The building is also agreat investment opportunity, an investor can always rent to store for topdollar since its a top location area. The second floor can be built full tocreate a bigger commercial space. The unit can also be converted into a twobedroom apartment.The duplex unit can be developed into a triplex unit because ofthe 510 square feet of air rights which can be added on top. The property is one block from Whole Foods and west 125th Street which has great traffic. The2 and 3 trains is on West 125th Street & Lenox Avenue Revenue: Unit Description Unit Type Revenue LXP First Floor: Store Office Commercial 8,500 12/30/25 Second Floor: Office Commercial 3,000 Proj Vacant Third & 4-Bedroom Free Market 4,800 Fourth Floor Duplex Apt 16,300.00 Duplex 195,000 Expenses: Real Estate Taxes: 20,981.60 Water & Sewer: 2,500.00 Insurance: 3,500.00 Heat (Gas): Paid By Tenants 0.00 Electric: (common areas) 1,200.00 Repairs & Maintenance: 1,800.00 Total Annual Expenses 29,981.60 Net OperatingIncome: 165,618.4 ASKING PRICE: 4,500,000

South HarlemNew York
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NY
South Harlem
10027
10027
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273 LENOX AVENUE

South Harlem, New York, 10027, United States

$4,500,000
Listing ID #1952964
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 1952964
Ref ID : 219285
Price : $4,500,000
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