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Property Description

Location: West side of Lenox Avenue between West 123rd and West 124th Streets Block: 1908 Lot: 133 Lot Size: 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 1,105 sq. ft Office 3rd Floor: 17 x 65 1,105 sq. ft. Duplex 4th Floor: 17 x 65 1,105 sq. ft. Duplex Stories: Four (4) Plus Basement Gross Square 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 has a store, which is being used as an office. The space is built full and has access 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 the balcony, which gets great sunlight. This unit has 10 ceilings. Third & Fourth Floors: The third and fourth floors is a two-bedroom, two bathroom duplex apartment. The unit has a big living room, with a dining area. The kitchen has top of the line appliances. The floors have 10 ceilings each The building is newly renovated and individually metered for gas and electric. There is a gas water heater and separate HVAC for heating and cooling to all the units. The property is a great user opportunity, a user can have a business on the ground floor and use the second floor as an office. The third and fourth floor duplex apartment can be rented for income. The building is also a great investment opportunity, an investor can always rent to store for top dollar since its a top location area. The second floor can be built full to create a bigger commercial space. The unit can also be converted into a two bedroom apartment. The duplex unit can be developed into a triplex unit because of the 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. The 2 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 Operating Income: 165,618.4 ASKING PRICE: 4,500,000

South HarlemNew York
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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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