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- LoopNet Team
555 Malcolm X Blvd
New York, NY 10037
Harlem Retail Condos - 553-559 Lenox Avenue · Multifamily Property For Sale
·
9 Units
EXECUTIVE SUMMARY
The subject offering is a 2,168 square foot retail condo on the corner of 138th Street and Lenox Avenue with 100 feet of retail frontage along Lenox Avenue. The offering is comprised of four individual retail condos, with their own individual block and lots and tax bills. The offering is 100% occupied, with all four tenants paying their full rent and reimbursements as per their leases. Each tenant has annual rental increases, and each unit is responsible for a portion of the real estate taxes. The retail condominium sits below The Savoy West, a 32-unit condominium building that was completely renovated in 2007. The property is three blocks away from the 135th Street subway station, and two blocks away from the 1.1M square foot 276- bed Harlem Hospital Center (NYC Health + Hospitals/Harlem) which is a Columbia University teaching hospital and also sees over 13,000 inpatient visits per year.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Fitness Center
- Laundry Facilities
- Roof Terrace
- Lounge
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 9 | - | - |
