Mixed-Use
187 Lenox Avenue
187 Lenox Ave, New York, NY 10027
Listing Price: $2,500,000
Investment Overview
Marcus & Millichap is pleased to present the following opportunity in the lively Harlem neighborhood. Situated between West 119th and 120th Street, 187 Lenox Avenue is a well located walk-up composed of 5 apartments and 1 retail unit. 4 of the 5 apartments are free market and average $2,768 per month, o?ering investors immediate and long term upside.
The asset features a highly visible ground floor retail space leased to Archer and Goat, a well regarded neighborhood restaurant that has successfully operated at the location for over 10 years.
187 Lenox Avenue
Investment Highlights
- 187 Lenox Avenue comprises 2 one-bedroom and 3 three- bedroom apartments. Additionally, there is a 900 square foot ground floor retail space currently leased to a restaurant.
- Tax Class: 2A | 80% Free Market | Historic District: Mount Morris Park
- 187 Lenox Avenue is conveniently located near Marcus Garvey Park, Columbia University, Morningside Park, and the W 116th Street train station.
Listing Price: $2,500,000
Investment Highlights
- 187 Lenox Avenue comprises 2 one-bedroom and 3 three- bedroom apartments. Additionally, there is a 900 square foot ground floor retail space currently leased to a restaurant.
- Tax Class: 2A | 80% Free Market | Historic District: Mount Morris Park
- 187 Lenox Avenue is conveniently located near Marcus Garvey Park, Columbia University, Morningside Park, and the W 116th Street train station.
Investment Overview
Marcus & Millichap is pleased to present the following opportunity in the lively Harlem neighborhood. Situated between West 119th and 120th Street, 187 Lenox Avenue is a well located walk-up composed of 5 apartments and 1 retail unit. 4 of the 5 apartments are free market and average $2,768 per month, o?ering investors immediate and long term upside. The asset features a highly visible ground floor retail space leased to Archer and Goat, a well regarded neighborhood restaurant that has successfully operated at the location for over 10 years.
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