INVICTUS 228 LENOX AVENUE · INVICTUS Property Advisors has been retained on an exclusive basis for...
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ASKING PRICE $2,725,000 20' WIDE, 6,000 SF BUILDING FOR SALE Delivered Vacant. Conversion Opportunity adjacent to South Harlem's most dynamic drivers including: Columbia University & The Manhattanville Expansion Project , Whole Foods Market & Marcus Garvey Park/ Central Park. INVICTUS PROPERTY ADVISORS 303 Fifth Avenue, #1102, New York, NY 10016 email: [email protected] JOSH LIPTON [email protected] 212 596 7579 201 364 1809 ANDREW LEVINE [email protected] 212 596 7570 917 495 0446 Invictus Property Advisors LLC makes no warranty or representation as to the accuracy and completeness of the information contained herein. This information is presented subject to errors, omissions and other conditions which may change without notice. The information contained herein shall be independently evaluated. 228 LENOX AVENUE NEW YORK, NY 10027 INVICTUS PROPERTY ADVISORS
Transcript of INVICTUS 228 LENOX AVENUE · INVICTUS Property Advisors has been retained on an exclusive basis for...
ASKING PRICE
$2,725,00020' WIDE, 6,000 SF BUILDING FOR SALE
Delivered Vacant. Conversion Opportunity adjacent
to South Harlem's most dynamic drivers including:
Columbia University & The Manhattanville Expansion
Project, Whole Foods Market & Marcus Garvey Park/
Central Park.
INVICTUS PROPERTY ADVISORS
303 Fifth Avenue, #1102, New York, NY 10016
email: [email protected]
JOSH LIPTON
212 596 7579
201 364 1809
ANDREW LEVINE
212 596 7570
917 495 0446
Invictus Property Advisors LLC makes no warranty or representation as to the accuracy and completeness of the information
contained herein. This information is presented subject to errors, omissions and other conditions which may change without notice.
The information contained herein shall be independently evaluated.
228 LENOX AVENUE
NEW YORK , NY 10027INVICTUSPROPERTY ADVISORS
PROPERTY FEATURES
The property is located on the east side of Lenox Avenue
between West 121st and 122nd Streets.
1720 / 39
20' X 100'
2,000 SF
20' x 72' (Floors 1 & 2), 20' x 62' (Floor 3), 20' x 52' (Floors 4 & 5)
5,962 SF
R7-2
4.00
8,000 BSF
2,038 SF
YES (Mount Morris Park)
YES
$220,100
$23,141 (Tax Class 4)
$457 / SF
5.50% (assuming $100 / SF in renovation & $55/NSF in Rents)
LOCATION:
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INVICTUSPROPERTY ADVISORS
PROPERTY FEATURES
INVICTUS Property Advisors has been retained on an exclusive basis for the sale of 228 Lenox Avenue.
The building is located in the Mount Morris Park Historic District among a number of rowhouses representing many
styles of architecture spanning a period of over four decades, the subject property was built in 1880. Picturesque
ensembles in eclectic variations of the popular neo-Greco, Renaissance Revival, Romanesque Revival, Queen Anne,
and Beaux-Arts styles are found throughout the District. Harlem's central thoroughfare and one of the widest
in the City, Lenox Avenue, was originally the northern part of Sixth Avenue, it was named in honor of James Lenox
in 1887 and later co-named Malcolm X Boulevard in 1987.
The building is situated adjacent to the recently developed Whole Foods Market and the 125th Street-Dr. Martin
Luther King Jr. Boulevard-Commercial Corridor. 228 Lenox is also located directly across the street from the
appointment-only atelier of the couturier Daniel Day, better known as Dapper Dan, and the luxury label Gucci.
A number of development sites recently sold in the immediate area which are bound to continue to transform the area
such as: 15-21 West 124th Street on Marcus Garvey Park and 300 West 122nd Street, a 13-story, 163-residential unit
new development just one avenue west.
228 Lenox Avenue is not subject to any regulatory or SRO restrictions providing an investor, developer or end-user a
building that is prime for immediate conversion. Renovated townhouses on the block have exceeded sales prices of
$4,000,000 and rentals are achieving rates in excess of $55/NSF. Of the thirty-three (33) 1-4 family townhouse
sales that have occurred in Harlem this year, thirty-one (31) of those sales traded in excess of $457/SF, which is the
asking price for 228 Lenox Avenue. The 2 & 3 subway lines are just 2 blocks away.
228 LENOX AVENUE
NEW YORK, NY 10027
ORIGINAL WOODWORK FROM EARLY 20TH CENTURY
CURRENT CONFIGURATION: 12 BEDROOMS / 8 BATHROOMS
INVICTUSPROPERTY ADVISORS
INTERIOR PHOTOS
228 LENOX AVENUE
NEW YORK, NY 10027
INVICTUSPROPERTY ADVISORS
LOCAL RETAILERS/POINTS OF INTEREST
NATIONAL RETAILERS
228 LENOX AVENUE
NEW YORK, NY 10027
MAP
INVICTUSPROPERTY ADVISORS
228 LENOX AVENUE
NEW YORK, NY 10027
ASKING PRICE
$2,725,000
INVICTUS HQ |
228 LENOX AVENUE
|
20' WIDE, 6,000 SF BUILDING FOR SALE
Delivered Vacant. Conversion Opportunity adjacent
to South Harlem's most dynamic drivers including:
Columbia University & The Manhattanville Expansion
Project, Whole Foods Market & Marcus Garvey Park/
Central Park.
