204 Lenox Ave

204 Lenox Avenue New York, NY 10027

New York
FOR SALE
Property Type:
Other Land
Amount:
$999,000
Last Verified:
Sep 24, 2024

Daily Email Blast
0 times


Highlights

  • Prime Development Opportunity: Vacant lot at 204 Lenox Ave, New York, NY 10027.
  • • Buildable Space: 5,504 square feet, ideal for mixed-use or residential boutique condo development.
  • • High ROI Potential: Comparable condo sales in the area at $1,000 per square foot.
  • • Excellent Location: Situated near the 116 St [2,3] Subway Station on Malcolm X Blvd.
  • • Cultural Hub: Located in the vibrant and historic Harlem neighborhood.

Description

Prime development opportunity at 204 Lenox Ave, New York, NY 10027—a vacant lot with 5,504 square feet of buildable space, perfectly suited for a mixed-use building or a residential boutique condo project. Situated near the 116 St [2,3] Subway Station on Malcolm X Blvd, this property offers convenient access to transportation and is surrounded by Harlem’s rich cultural landscape. With comparable condo sales in the area reaching $1,000 per square foot, this location provides an excellent potential for significant return on investment.

Located in the heart of Harlem at 204 Lenox Ave, New York, NY 10027, this property offers a prime position on the iconic Lenox Avenue, also known as Malcolm X Boulevard. Surrounded by Harlem's rich history, vibrant culture, and renowned landmarks like the Apollo Theater and the Studio Museum, this location provides easy access to a variety of local dining, shopping, and entertainment options. With multiple subway lines nearby, including the 2, 3, B, and C trains, commuting throughout Manhattan and beyond is a breeze. Whether you're looking to invest or establish your business, this location offers the perfect blend of cultural significance and modern urban convenience.

Lot Size: 0.04 acres

Map of 204 Lenox Avenue, New York, NY, 10027

Presented by:

Request additional information


Send a message
Share this Listing

Not Interested In This Property? TheBrokerList.com Can Help
Looking for an office, retail space, warehouse or anything else?
Contact a Licensed Member Today

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.