Description
273 Lenox Avenue is a mixed-use building located just off West 125th Street in the heart of Harlem, steps from the 2/3 express trains, Trader Joe’s, Whole Foods, and numerous neighborhood retailers and restaurants. Positioned within a C4-4 zoning district, the property contains approximately 3, 778 square feet above grade plus a dry, high-ceiling cellar of approximately 1, 082 square feet. The 17′ x 75′ lot is built nearly full on the ground level, maximizing commercial utility, and includes approximately 500 square feet of additional air rights. The upper two floors are configured as a renovated two-bedroom, two-bathroom duplex with high ceilings and strong natural light. The unit is currently leased at $4, 800 per month through December 23, 2026. Market rent for comparable renovated duplex units in this immediate corridor is approximately $6, 500 per month, indicating clear residential upside upon lease expiration. The ground-floor commercial space measures approximately 1, 224 square feet and is supported by approximately 1, 085 square feet of clean, high-ceiling cellar space directly below. The space has been delivered vacant and is suitable for retail, office, or owner-user occupancy. Market rent for the ground floor and cellar combined is estimated at $10, 000 per month. The parlor level is configured as a separate commercial office unit with two private offices and a private rear terrace, and is projected rent is $4, 000 per month. At full stabilization using market rent, the property offers a projected gross monthly income of approximately $20, 500, or $246, 000 annually. 273 Lenox Avenue presents a flexible opportunity for an investor or owner-user seeking scale, multiple income streams, and prime positioning within one of Harlem’s most active commercial corridors.
Address
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Address: 273 Lenox Avenue
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City: New York City
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State/county: NY
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Zip/Postal Code: 10027
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Area: Harlem
Details
Updated on May 9, 2026 at 10:09 pm-
Property ID RLS20070860
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Price $2,700,000
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Property Size 4860 Sqft
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Bedrooms 2
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Rooms 12
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Bathrooms 3
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Garage Size x x
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Year Built 1909
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Type Mixed Use, Residential
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Property Status Active, For Sale
Additional details
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Cooling Central Air
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Heating Central
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Flooring Hardwood
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County New York
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Property Type Residential
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