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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)

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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.

262 Lenox Avenue 121624