61 Lenox Ave - 61 Lenox @ 113th St 1,440 SF Retail Condo Unit Offered at $1,100,000 in New York, NY 10026

Retail condominium positioned at the corner of Lenox Avenue and West 113th Street in Harlem. The unit features approximately 50 feet of frontage along Lenox Avenue and includes a ground-floor retail space with an additional lower-level area. The property is leased to Dry Clean NYC through January 2032, providing in-place income from an established multi-location operator serving Manhattan and the Bronx markets.

Offered for sale at $1.1 million, this retail condominium presents an opportunity to acquire a corner commercial asset in Harlem with existing cash flow and long-term tenancy. Located at 61 Lenox Avenue, the unit encompasses 2,757 square feet across a ground-floor retail component and a lower level, benefiting from approximately 50 feet of frontage along Lenox Avenue.
The property is leased to Dry Clean NYC under a lease that extends through January 2032. The lease includes 3% annual rent increases, providing built-in income growth throughout the remaining term. The tenant also reimburses real estate taxes above the established base year, helping offset future operating expense increases. Dry Clean NYC operates multiple locations throughout Manhattan and the Bronx and utilizes this location as a customer drop-off facility.
Situated at the intersection of Lenox Avenue and West 113th Street, the condominium benefits from a prominent corner presence within one of Upper Manhattan's most recognized commercial and residential neighborhoods. The combination of visibility, frontage, and an established tenant profile offers investors a stabilized asset with contractual rent growth and a remaining lease term extending into the next decade.