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192 Lenox AveNew York, NY 10026

Prime Harlem Retail Opportunity: High NOI, Strong Lease.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 1,608 square foot retail property at 192 Lenox Avenue in New York, NY 10026 presents a compelling investment opportunity. Located in the vibrant Harlem neighborhood of Manhattan, this single-story, free-standing building offers a versatile space currently configured as a restaurant and storefront. The property boasts a strong net operating income (NOI) of $73,698, reflecting the consistent profitability of the current tenant. The lease has a remaining term of three years, providing immediate cash flow and long-term potential. The tenant is responsible for 100% of taxes after the base year, minimizing owner expenses. Ideal for a light food establishment or bakery cafe, the space is well-suited for a variety of culinary concepts. The property's prime location within a bustling commercial area ensures high visibility and foot traffic. This is a rare chance to acquire a profitable retail property in a highly sought-after New York City location. The property is privately owned and offers a single unit within a single building. Serious inquiries only.

Highlights

  • 1,608 SF free-standing retail building in Harlem, Manhattan.
  • Strong NOI of $73,698 with a three-year lease remaining.
  • Tenant pays 100% of taxes after the base year.
  • Suitable for a light food establishment or bakery cafe.

Property Details for 192 Lenox Ave

Property type
Retail properties, Restaurants
Square Feet
1,608 SF
Buildings
1
Stories
1
Units
1

Location Insight

City
New York
County
New York
State
New York
Latitude
40.8042237
Longitude
-73.9476441
192 Lenox Ave, New York, New York

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192 Lenox Ave
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