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262 Malcolm X Blvd 4,620 SF 100% Leased Retail Building New York, NY 10027 $2,395,000 ($518.40/SF)
Investment Highlights
- An ideal investment opportunity, the building is located on the iconic Lenox Avenue of Harlem
- Multiple subway lines (2/3, 4/5/6, A/C, B/D), Metro North trains, bus routes, and CitiBikes, transportation in this central location is a breeze
- Enjoy meals at famous spots like Red Rooster, Corner Social, or Sylvia’s, followed by a performance at The Apollo or a movie at the AMC theater
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,620 SF
Building Class
B
Year Built
1915
Price
$2,395,000
Price Per SF
$518.40
Percent Leased
100%
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
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1721-0036 | Improvements Assessment | $78,300 |
| Land Assessment | $33,750 | Total Assessment | $112,050 |
Property Taxes
Parcel Number
1721-0036
Land Assessment
$33,750
Improvements Assessment
$78,300
Total Assessment
$112,050
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