$5,499,000 SALE
Commercial-Other
6,800 SF
113 Lenox Avenue
New York, NY 10026



Coldwell Banker Commercial Reliable Real Estate is pleased to offer for sale 113 Lenox Avenue in the Harlem section of New York City. This new construction elevator building is situated on a 20 x 85 ft. lot zoned R7-2/C1-4 and encompasses a total of 6,800 SF. This mixed-use property includes 3 stories and a lower level with 20 ft of frontage and a depth of 85 ft a mix of retail and professional space. The zoning allows for residential use so a conversion to residential use could be an option. The property is located in prime Central Harlem and represents an excellent investment, owner-operator or development opportunity with close proximity to public transportation, roads and many national retail tenants along West 116th Street, Lenox Avenue as well as Adam Clayton Powell Jr. Boulevard.


Property Type Commercial-Other
Year Built 2019
Level Number 3
Lot Dimensions 20 x 85
Zoning R7-2/ C1-4
Cap Rate Percentage 4.18
Listing ID MTGQH9
MLS ID 451063
Additional MLS CBCD113
Style Other Style
Building Size 6,800 SF
Lot Size 1700 SF
Available Date May 13th, 2021
Taxes $56,302
Area Description

Region: Harlem

Region: New York

Region: New York

Region: United States

Property Features
Location Name: Harlem
Fee 1 Type: Est Water/Sewer
Fee 1 Frequency: Annual
Fee 1 Amount: $5,000
Fee 2 Type: Est Insurance $ Yr
Fee 2 Frequency: Annual
Fee 2 Amount: $10,000
Fee 3 Type: Maintenance Fee
Fee 3 Frequency: Annual
Fee 3 Amount: $12,240
Fee 4 Type: Electric
Fee 4 Frequency: Annual
Fee 4 Amount: $2,500
Area Description: Metropolitan
Exterior Description: Brick
Road Type: City / Town Street
Basement: Finished
Financials
Gross Income: $328,100
Expenses: $98,282
Additional Media