Description

All open houses are by appointment only.

273 Lenox Avenue presents a rare opportunity to own a mixed-use property at the absolute epicenter of Harlem. Located directly off West 125th Street and steps from the 2/3 express trains, Trader Joe’s, Whole Foods, Harlem Shake, Sottocasa, and countless neighborhood amenities, this is one of the most highly trafficked and desirable blocks in the submarket.

The property is located in a C4-4 zoning district and contains approximately 3,778 square feet above grade, plus a high-ceiling, dry, fully usable cellar measuring an additional 1,082 square feet. The 17' x 75' lot is built nearly full on the ground level, maximizing commercial utility and income potential.

The upper two floors are configured as a beautifully renovated two-bedroom, two-bathroom duplex residence with high ceilings, oversized windows, and excellent natural light throughout. The residential unit is currently tenant-occupied and generates $4,800 per month, with a lease expiring December 23, 2026.

The ground-floor commercial space spans approximately 1,224 square feet, with excellent frontage and ceiling height, and is supported by 1,085 square feet of clean high-ceiling cellar storage directly below. The space was most recently used as an office and has just been delivered vacant, offering immediate leasing or owner-user flexibility. Past rent for this space was approximately $8,000 per month.

The parlor level is configured as a second commercial unit featuring two private offices and a private rear terrace, an uncommon and highly desirable feature for professional or creative tenants. Projected rent for this space is approximately $3,500 per month. The property is has approximately 500 SF of additional air rights, so adding additional space on this level could maximize the commercial rent potential even further.

At full stabilization in its current configuration, the property offers a projected combined rent roll of $16,300 per month, with strong upside on commercial and residential rents driven by location, zoning, and flexible use.

Whether positioned as a long-term hold, live-work opportunity, or income-producing investment, 273 Lenox Avenue offers scale, stability, and irreplaceable location in the heart of Harlem’s most active corridor. Listing courtesy of Compass ...
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