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61 Lenox Ave - 61 Lenox @ 113th St 1,440 SF Retail Condo Unit Offered at $1,100,000 in New York, NY 10026
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 5.73% |
| Sale Type | Investment |
| Cap Rate | 5.73% |
Description
The subject offering is a 1,430-square-foot retail condominium located on the corner of Lenox Avenue and W. 113th Street in Upper Manhattan’s Harlem
neighborhood. The unit has a total square footage of 2,757 SF, with 1,430 SF at grade and an additional 1,327-square-foot lower level. The unit is built 50 x 29,
with fifty feet of retail frontage along Lenox Avenue.
The offering is leased to Dry Clean NYC on a ten-year lease that runs through January 2032. The tenant has 3% annual increases and reimburses for real estate taxes above the base year (2022/2023). There are no options to renew. Dry Clean NYC operates five locations between Manhattan and the Bronx. This is a dropoff only site; no actual dry cleaning is performed on the premises.
neighborhood. The unit has a total square footage of 2,757 SF, with 1,430 SF at grade and an additional 1,327-square-foot lower level. The unit is built 50 x 29,
with fifty feet of retail frontage along Lenox Avenue.
The offering is leased to Dry Clean NYC on a ten-year lease that runs through January 2032. The tenant has 3% annual increases and reimburses for real estate taxes above the base year (2022/2023). There are no options to renew. Dry Clean NYC operates five locations between Manhattan and the Bronx. This is a dropoff only site; no actual dry cleaning is performed on the premises.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Retail | 1,440 SF | Retail | $1,100,000 ($763.89/SF) | $63,036.60 |
Unit Retail
| Unit Size |
| 1,440 SF |
| Condo Use |
| Retail |
| Price |
| $1,100,000 ($763.89/SF) |
| NOI |
| $63,036.60 |
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Unit Retail
| Unit Size | 1,440 SF |
| Condo Use | Retail |
| Price | $1,100,000 ($763.89/SF) |
| NOI | $63,036.60 |
| Sale Type | Investment |
| Cap Rate | 5.73% |
| Description | |
| The subject offering is a 1,430-square-foot retail condominium located on the corner of Lenox Avenue and W. 113th Street in Upper Manhattan’s Harlem<br> neighborhood. The unit has a total square footage of 2,757 SF, with 1,430 SF at grade and an additional 1,327-square-foot lower level. The unit is built 50 x 29,<br> with fifty feet of retail frontage along Lenox Avenue.<br> <br> The offering is leased to Dry Clean NYC on a ten-year lease that runs through January 2032. The tenant has 3% annual increases and reimburses for real estate taxes above the base year (2022/2023). There are no options to renew. Dry Clean NYC operates five locations between Manhattan and the Bronx. This is a dropoff only site; no actual dry cleaning is performed on the premises.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 7,795 SF | Typical Floor Size | 1,559 SF |
| Property Type | Multifamily (Condo) | Year Built | 1900 |
| Property Subtype | Apartment | Lot Size | 0.12 AC |
| Building Class | C | Opportunity Zone |
Yes
|
| Floors | 5 | ||
| Zoning | R7-2 | ||
| Total Building Size | 7,795 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 5 |
| Typical Floor Size | 1,559 SF |
| Year Built | 1900 |
| Lot Size | 0.12 AC |
| Opportunity Zone |
Yes |
| Zoning | R7-2 |
Amenities
Site Amenities
- Vintage Building
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
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Contact the Sale Advisor
61 Lenox Ave - 61 Lenox @ 113th St