273 Lenox Avenue
MLS® #RLS20070860
Listing by Compass
2
Bedrooms
3.5
Baths
4,860
Sq. Ft.
1909
Year Built
Quick Summary
Property Highlights
- Exposure: East,West facing
- Outdoor Space: Terrace
- Fireplace: 1 fireplace
Property Details
Description
All open houses are by appointment only. 273 Lenox Avenue is a mixed-use building located just off West 125th Street in the heart of Harlem, steps from the 2/3 express trains, Trader Joe’s, Whole Foods, and numerous neighborhood retailers and restaurants. Positioned within a C4-4 zoning district, the property contains approximately 3,778 square feet above grade plus a dry, high-ceiling cellar of approximately 1,082 square feet. The 17' x 75' lot is built nearly full on the ground level, maximizing commercial utility, and includes approximately 500 square feet of additional air rights. The upper two floors are configured as a renovated two-bedroom, two-bathroom duplex with high ceilings and strong natural light. The unit is currently leased at $4,800 per month through December 23, 2026. Market rent for comparable renovated duplex units in this immediate corridor is approximately $6,500 per month, indicating clear residential upside upon lease expiration. The ground-floor commercial space measures approximately 1,224 square feet and is supported by approximately 1,085 square feet of clean, high-ceiling cellar space directly below. The space has been delivered vacant and is suitable for retail, office, or owner-user occupancy. Market rent for the ground floor and cellar combined is estimated at approximately $10,000 per month. The parlor level is configured as a separate commercial office unit with two private offices and a private rear terrace, and is projected to achieve approximately $4,000 per month at market. At full stabilization using market rents of $10,000 for the ground floor and cellar, $6,500 for the residential duplex, and $4,000 for the parlor-level office, the property offers a projected gross monthly income of approximately $20,500, or $246,000 annually. 273 Lenox Avenue presents a flexible opportunity for an investor or owner-user seeking scale, multiple income streams, and prime positioning within one of Harlem’s most active commercial corridors.
Features & Amenities
Interior Features
Exterior Features
Building Information
Financial Details
About Harlem
View All Harlem ListingsHarlem is a neighborhood of immense cultural significance and architectural beauty. Known for its historic 'Strivers' Row' and vibrant 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 NeighborhoodActive Listings
59
Median Asking Price
$849K
Median $/Sqft
$786
Avg Days on Market
N/A
New This Week
5
Price Reduced
25%
Sold (30 Days)
0
Median Sale Price
$1.18M
Live data from RLS at REBNY • Updated 3/19/26, 7:01 PM EST
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Location
273 Lenox Avenue, Harlem, New York County
Floor Plans
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
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Listing Courtesy of Compass - John R McGuinness
Listing Contact: (617) 833-5668
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.
RLS Data display by Keller Williams NYC. Data last updated on 3/19/2026 at 11:01 PM UTC