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242 Lenox Ave 15 Unit Apartment Building $1,500,000 ($100,000/Unit) New York, NY 10027
Executive Summary
• 5-story walk-up SRO building consisting of 15 residential units, and 1 commercial space, between West 122nd and West 123rd Streets W 124TH ST
• 22’ of frontage along Lenox Avenue
• 3 blocks from the rapidly expanding thoroughfare on 125th Street with national retailers including Whole Foods, Nike, Shake Shack, H&M, Marshalls, Starbucks, TD Bank, Burlington and Chase Bank W 123RD ST
• Located 2 blocks from the 2 and 3 subway lines at 125th St and 5 blocks from the 125th Street Metro North Station
• 22’ of frontage along Lenox Avenue
• 3 blocks from the rapidly expanding thoroughfare on 125th Street with national retailers including Whole Foods, Nike, Shake Shack, H&M, Marshalls, Starbucks, TD Bank, Burlington and Chase Bank W 123RD ST
• Located 2 blocks from the 2 and 3 subway lines at 125th St and 5 blocks from the 125th Street Metro North Station
Property Facts
| Price | $1,500,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $100,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| No. Units | 15 | Building Size | 6,970 SF |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 1909 |
| Zoning | R7-2 - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. R7-2 has less parking requirements. | ||
| Price | $1,500,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 6,970 SF |
| No. Stories | 5 |
| Year Built | 1909 |
| Zoning | R7-2 - R7 Zoning is considered medium density residential. It is broken into 2 basic zoning districts R7-1 and R7-2. R7-2 has less parking requirements. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 15 | - | - |
1 1
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 1721-0002 | Improvements Assessment | $151,572 |
| Land Assessment | $33,955 | Total Assessment | $185,527 |
Property Taxes
Parcel Number
1721-0002
Land Assessment
$33,955
Improvements Assessment
$151,572
Total Assessment
$185,527
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242 Lenox Ave