218 Lenox Ave

> Located on the thoroughfare Langston Hughes referred to as the heartbeat of Harlem, on the southeast corner of Lenox Ave & West 121 St, in the landmark of MountMorris Parks historic district, lies this fully renovated, 21+/- foot wide, 80+/- foot deep, 5 floor, mixed-use corner 3 family townhouse. > Boasting east, west,north exposures it consists of 2 floors retail space (currently a salon & day spa), an enormous 80+/- foot long full cellar, and 3 residential floor-through apartments. > Each tenant pays for their own heat, hot water, gas, and electric. > Gross market annual income = $163,200+/- . Gross annual expenses = $15,000+/-. Caprate = 9+/-%. Zoning = C1-4/R7-2. > Located a block from Marcus Garvey Park. > Within 1 to 4 blocks of popular restaurants such as Native, Settepani, Red Rooster, and Chez Lucienne. 4 blocks from West 125th Sts commercial corridor, and the express 2 & 3 subways. 5 blocks from West 116 Sts commercial corridor and less thana dozen blocks from Central Park. > Third Floor : 21 x 45 Built: Large bedroom, large living room, open kitchen, windowed bathroom, hardwood floors, ample closets, washer/dryer. > Roof deck possibleabove rear extension. > Tenant pays own heat, hot water, gas, and electric. > Approx. 900+/- sfqt.a sweetheart deal and pays $42,000 annually ($3500 monthly). > Each floor of the commercial space has 1,500+/- sqft (3,000+/- sqft total), plus there is a 1,500 sqft cellar for storage. > The going rate is $45 per sqft annually for the 1st floor ($4 per sqft monthly), and $23 per sqfGut renovation completed in 2004 includes roof, plumbing, electric, heating system, windows. > Final certificate of occupancy for 3 family and commercial space issued March 2006.