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262 Lenox Avenue 262 Lenox Ave 4,620 SF Retail Building New York, NY 10027 $2,750,000 ($595.24/SF)
INVESTMENT HIGHLIGHTS
- Delivered vacant
- Value-add opportunity
- Easy access to multiple subway lines (2/3, 4/5/6, A/C, B/D)
EXECUTIVE SUMMARY
Besen Partners, as exclusive agent for Ownership, is pleased to offer for sale 262 Lenox Avenue, New York, NY 10027. Built circa 1915, is comprised of a 4-story 4,624± SF vacant building built on a 1,500± SF lot. This property offers a wealth of potential, featuring a two-story commercial space along with two spacious two-bedroom units. The property is currently zoned R7-2 with a 3.44 F.A.R for residential and 6.5 F.A.R. for facility use. The Property is located in the Mount Morris Park Historic District on the east side of Lenox Avenue between West 123rd Street and West 124th Street, just 2 short blocks to the 125th Street [2,3] subway station.
Value-add, possible redevelopment project opportunity.
Value-add, possible redevelopment project opportunity.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
4,620 SF
Building Class
B
Year Built
1915
Price
$2,750,000
Price Per SF
$595.24
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.08
Lot Size
0.03 AC
Zoning
Mixed Use - mixed use
Frontage
AMENITIES
- Bus Line
- Commuter Rail
- Metro/Subway
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1721-0036 | Improvements Assessment | $73,980 |
| Land Assessment | $33,750 | Total Assessment | $107,730 |
