$5,499,000
Updated 5 years ago
Off Market

113 Lenox Ave

Harlem, Manhattan | West 115th Street & West 116th Street

4 Baths6,800 Square FeetMixed Use

$5,499,000
floors4
Lot Size20'x85'
Building TypeLow-Rise
RE Taxes$57,458
Price Per SF
$809

Property Description for 113 Lenox Ave

Coldwell Banker Commercial Reliable Real Estate is pleased to offer for sale 113 Lenox Avenue in the Harlem section of New York City. This new construction elevator building is situated on a 20 x 85 ft. lot zoned R7-2/C1-4 and encompasses a total of 6,800 SF. This mixed-use property includes 3 stories and a lower level with 20 ft of frontage and a depth of 85 ft a mix of retail and professional space. The zoning allows for residential use so a conversion to residential use could be an option. The property is located in prime Central Harlem and represents an excellent investment, owner-operator or development opportunity with close proximity to public transportation, roads and many national retail tenants along West 116th Street, Lenox Avenue as well as Adam Clayton Powell Jr. Boulevard.

Listing History for 113 Lenox Ave

Now
11/01/2021
Expired by Joseph T. Hamdan
MYNY Residential
08/19/2021
$5,499,000
Initial Price by Joseph T. Hamdan
MYNY Residential

Building Details for 113 Lenox Ave

OwnershipMixed Use
Building TypeLow-Rise
AgePost-War
AccessWalk-up
Year Built2008
Floors4
Learn More About the Building

Contact Agents

Contact Agents

Joseph T. Hamdan
MYNY Residential
Olga Pidhirnyak
MYNY Residential

Harlem | Manhattan

Quick Profile

The neighborhood called West Harlem by the locals is known as Manhattanville to neighborhood newcomers. The area is culturally diverse and might be considered a microcosm of the city as a whole. 

Columbia University has recently expanded into the area, which is attracting student residents from all over the world. Together with students from the City College of New York and young professionals fleeing higher prices in other neighborhoods, this influx of younger residents has brought with it more restaurants and bars on W 125th Street to serve this clientele. There are also new ventures, like a rock-climbing gym, to cater to the interests of these students and young professionals. At the same time, there are many small, family-owned shops and restaurants that have been anchors of the neighborhood for multiple generations.

The area has been through a housing upgrade, as older properties have been renovated and abandoned properties have been razed to make room for new development. There are still reasonably priced apartments available. Young professionals are finding that there is a certain cachet to living in West Harlem. It provides a convenient commute to the city and all of its amenities, while providing a sense of escape at the end of a long work day.

While rentals are popular with the student population, the young professionals are delighted to find pre-war brownstones, pre-war co-ops (including some income-capped HDFCs for lower- and middle-income buyers), and post-war condos that they can afford, although prices are rising. Some new low-rise developments, sporting virtual doormen and desired amenities, are cropping up.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 81959TH