216 Lenox Avenue New York Harlem, 10027


 
  Property Features
Property Type:   Income Property
List Price:   2800000
Bedrooms:   0
Bathrooms:   0
 
 
 

Highly Desired Location: Mount Morris Park Historic District
Nestled between prominent masonry brownstones. Mixed use building is approximately 5,600SQFT
Great Opportunity – Sale with leaseback. Owner operates a funeral parlor business on the ground and parlor floors of the building. The leaseback provides $121,000 in annual income. 3 floors are vacant and require complete renovation.

Potential income from renovated apartments is an additional $126,000 annually (Assuming a duplex 3 bedroom apartment and a 2 bedroom floor through).

Building Specs:
Building class: Predominant Retail with Other Uses (K4)
Square feet: 5,600 SQFT
Building dimensions 20 FT x 80 FT (Gnd FL) 20FT x 50 FT (Floors 2-5)
Lot Dimensions: 20 FT X 80 FT
Stories: 4
Roof height: 51 FT
Year built: 1909
Structure type: Funeral home
FAR: 3.44
FAR as built: 2.61

The present owner will consider a 5 to 7 year lease term (Valued at $605,000 to $847,000).

Schedule an appointment today with Stanley Gleaton at 646 408-6034!

© 2022 All rights reserved. Real Estate Website Design by Agent Image

The information contained herein has been obtained from the property owner or other sources that we deem reliable. Although we have no reason to doubt its accuracy, No representation or warranty is made regarding the information, and the property is offered as is.The submission may be modified or withdrawn at any time by the property owner.