$3,500,000
Updated 2 years ago
Off Market

420 Lenox Ave

Harlem, Manhattan | West 131st Street & West 132nd Street

7 Rooms4 Beds3 Baths5,400 Square FeetMixed Use

$3,500,000
floors / apts4 / 3
Building TypeTownhouse
RE Taxes$40,476
Price Per SF
$648

Outdoor space and views

  • Terrace

Building Amenities

  • Voice Intercom

Property Description for 420 Lenox Ave

Discover a rare and exciting investment opportunity with this fully occupied, Pre-War townhouse in a vibrant and bustling neighborhood. This fully renovated four-story building boasts over 5,400 sqft of space, including two spacious ground floor units, a generously sized 1 bedroom and studio, and a spacious 3-bedroom, 2 full bath duplex with a large terrace, perfect for relaxing and entertaining.The building's full basement provides convenient laundry and storage options for added convenience.

Conveniently situated on a well-trafficked corner, this property offers easy access to the 2/3 express subway lines, Harlem Hospital, the Schomburg Center as well as the Harlem YMCA. Popular retailers like Whole Foods, Staples, Marshall's and the future Trader Joe's just a short walk away, along with numerous bars and restaurants in the area, residents can enjoy the best of urban living at their doorstep.

This is an excellent chance to acquire a fully occupied building with steady growth potential in a prime Harlem location - one of the city's most sought-after neighborhoods for the savvy investor.

Listing History for 420 Lenox Ave

Now
06/27/2024
TOM by Lee-Ann Pinder
Douglas Elliman
04/11/2024
$3,500,000
Initial Price by Lee-Ann Pinder
Douglas Elliman

Building Details for 420 Lenox Ave

OwnershipMixed Use
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Floors/Apts4/3
Learn More About the Building

Transit and Citi Bike

Subway

135 St
0.2 miles
125 St
0.31 miles

Railroad

Harlem-125 StMetro-North Railroad
0.48 miles

Citi Bike

Lenox Ave & W 130 St
0.06 miles
Lenox Ave & W 133 St
0.1 miles

Contact Agent

Contact Agent

Lee-Ann Pinder
Douglas Elliman

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: 83463TH