Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
240 Lenox Avenue
Interested in this property?
Active For Sale Multi Family

$7,500,000

$1,154 per sq ft

240 Lenox Avenue

Harlem, Manhattan

MLS® #RLS20042508

RLS at REBNY

Listing by Compass

15

Bedrooms

5

Baths

6,500

Sq. Ft.

1899

Year Built

Quick Summary

Bedrooms 15
Bathrooms 5
Living Area 6,500 sq ft
Year Built 1899
Ownership None
HOA/Common Charges $3,837/mo
Property Taxes $6,384/yr
Neighborhood Harlem
Floor 1 of 4

Property Highlights

  • Views: City
  • Style: WalkUp architecture
  • Character: Pre-war building (1899)

Property Details

Type Multi Family
Ownership None
Total Rooms 30
Baths 5 Full
Floor 1 of 4
View City
Pets Yes
Year Built 1899
Living Area 6,500 sq ft
Architectural Style WalkUp
Structure Type MultiFamily,Townhouse
Furnished Unfurnished
Basement Partial
Block/Lot 01721/0001

Listing History

Event Date Price Change
Listed Aug 13, 2025 $5,000,000 -
Price Reduced Aug 28, 2025 $5,400,000 +8.0%
Currently May 4, 2026 $7,500,000 +38.9%

Description

Residential investment opportunity in a desirable Central Harlem location near several popular restaurants, bars, shops, Morningside and Marcus Garvey Parks and convenient train options. This historic 4-story, 23-foot wide corner lot building offers 5 free-market, 3-bed/2-bath residential units. The building features renovated units with central air and in-unit laundry. This sale is also being offered as a bundle in conjunction with two other Harlem residential buildings with free-market units, all with one blanket mortgage that can be assumed with the right buyer. Inquire for the offering memorandum with further details. Property Information: Desirable Central Harlem location near retail, Morningside and Marcus Garvey Parks and transportation options. Residential building with 5 free-market units. Units are 3-bed, 2-bath layouts. Lot Size: 23 ft x 100 ft Building Size: 23 ft x 60 ft Building square footage: 6,500 Electric all separately metered. Central air for all units. Zoning: R7-2, C2 4 Stories Year Built: 1899 Brick/masonry construction Block & Lot: 01721-0001 Property taxes: $6,389 / Annual Offered at: $7,500,000 Offered also in conjunction with two other Harlem residential buildings with one assumable mortgage. Properties located at 56 East 130th Street and 2064 Fifth Avenue.

Features & Amenities

Interior Features

Crown Molding High Ceilings Common On Floor Common Area

Exterior Features

Private Entrance Private Outdoor Space Over60 Sqft Private Yard

Appliances

Dryer Washer

Building Information

Building Data View Compliance & Permits
Total Units 5
Stories 4
Structure MultiFamily,Townhouse
Style WalkUp

Financial Details

Common Charges $3,837/mo
RE Taxes $6,384/yr ($532/mo)
Original Price $5,000,000
Previous Price $5,400,000

Harlem is a neighborhood of immense cultural significance and architectural beauty. Known for its historic 'Strivers' Row' and storied jazz heritage, the area offers some of the most impressive townhouse architecture in New York City. The real estate market is wide-ranging, featuring beautifully restored brownstones, value-driven HDFC cooperatives, and a growing number of modern luxury condominiums that offer contemporary amenities in a historic setting.

Harlem Live Market Data

View Neighborhood

Active Listings

74

Median Asking Price

$882K

Median $/Sqft

$860

Avg Days on Market

N/A

New This Week

2

Price Reduced

27%

Sold (30 Days)

6

Median Sale Price

$1.10M

Live data from RLS at REBNY • Updated 5/3/26, 10:30 PM EST

Location

Loading map...

240 Lenox Avenue, Harlem, New York County

Floor Plans

Floor Plan 1
Floor Plan 2
Floor Plan 3
Floor Plan 4
Floor Plan 5
Floor Plan 6

Building Information

Official NYC property records for this building

1884
Year Built
142 years old
4
Floors
5
Residential Units
R7-2
Zoning District
Walk-Up Apartments Historic District: Mount Morris Park Historic District

Tax & Assessment

Assessed Value: $616,950
Land Value: $155,250
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 2,300 SF
Building Area: 6,500 SF
Built FAR: 2.83
Allowed FAR: 3.44

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $3,837 per month. Confirm the exact amount with the listing broker before making an offer.

The current listed annual property tax is $6,384, or roughly $532 per month. Verify the current assessment with your attorney before closing.

This property has 15 bedrooms and 5 full bathrooms.

The listed interior living area is 6,500 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 1899, making it approximately 127 years old.

This listing is None

Pet policy requires confirmation with the listing broker.

At the current list price of $7,500,000 for 6,500 sq ft, the asking price per square foot is approximately $1,154. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20042508
First Listed: 8/13/2025
On Market: 8/13/2025
Price Changed: 8/28/2025
Contract Date: 8/11/2025

Listing Courtesy of Compass - Christopher Halliburton

Listing Contact: (917) 518-9746

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/4/2026 at 2:30 AM UTC

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