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245 Lenox Avenue
Doorman no fee rental in Harlem, Listed on Sep 19, 2024 (184 days on market)
245 Lenox Avenue
$3,450,000
-4.2%
| 8 beds, 8.2 baths
Doorman no fee rental in Harlem, Listed on Sep 19, 2024 (184 days on market)
Situated between West 122nd and 123rd Street in South Harlem, this historic 1910 building offers a prime investment opportunity with modern amenities. Spanning 5,225 square feet and priced at $660 per square foot, this four-story gem features four residential units and one commercial space.
The property is a turn-key investment, perfect for both owners and investors. The spacious, full-floor residential units are ideal for long-term rentals, while the ground-floor commercial space provides options for extra income or an owner-operated business.
With all units free-market, there is flexibility for future use, including conversion to a single-family home. Located in the vibrant South Harlem neighborhood, residents benefit from proximity to Marcus Garvey Park, Whole Foods Market, and numerous restaurants and boutiques. The property combines historic charm with modern conveniences and is well-positioned in a culturally rich community. This renovated mixed-use building offers a rare blend of historical appeal and contemporary living, making it an exceptional investment or an attractive home.
With all units free-market, there is flexibility for future use, including conversion to a single-family home. Located in the vibrant South Harlem neighborhood, residents benefit from proximity to Marcus Garvey Park, Whole Foods Market, and numerous restaurants and boutiques. The property combines historic charm with modern conveniences and is well-positioned in a culturally rich community. This renovated mixed-use building offers a rare blend of historical appeal and contemporary living, making it an exceptional investment or an attractive home.
Highlights
- Spacious Residential Units: Four full-floor residential units provide ample living space, ideal for long-term rentals.
- Turn-Key Investment Opportunity: This property is ready for immediate occupancy, catering to both owners and investors alike.
- Prime Location in South Harlem: Nestled between West 122nd and 123rd Streets, enjoy proximity to parks, markets, and vibrant dining options.
- Commercial Space for Extra Income: The ground-floor commercial unit offers potential for additional revenue or an owner-operated business.
- Modern Amenities in a Historic Building: Renovated with contemporary conveniences while retaining its 1910 charm, blending history with luxury.
- In-Unit Washer/Dryer: Enjoy the convenience of in-unit laundry, enhancing the comfort of urban living.
Key Features
- Full Floor
- Pets allowed
- Rental
- Garden
Monthly Taxes, Common Charges & Estimated Mortgage
Real Estate Taxes
$3,332
Total RE Taxes and CC
$3,332
Estimated Mortgage
$17,865
Note: the above is only an estimate and is based on a down payment
of 20% ($690,000) and a 30 year fixed mortgage at 6.73%.
Total Estimated
Monthly Cost
Monthly Cost
$21,197
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Nearby Subways
- 2
- 3
- B
- C
- D
- A
Nearby Schools
- Ps 242 The Young Diplomats Magnet School
Grades: PK,KG,1,2,3,4,5 - Ps 76 A Phillip Randolph
Grades: PK,KG,1,2,3,4,5,6,7,8 - PS 149 Sojourner Truth
Grades: PK,KG,1,2,3,4,5,6,7,8 - Ps 154 Harriet Tubman
Grades: PK,KG,1,2,3,4,5 - Ps 79 Horan School
Grades: 6,7,8,9,10,11,12,UG
- Great Tomorrows Usa
Grades: KG,1,2,3,4,5,6,7,8,9,10,11 - Great Tomorrows USA School
Grades: KG,1,2,3,4,5,6,7,8,9,10,11 - Mt Pleasant Christian Academy
Grades: PK,KG,1,2,3,4,5,6,7,8,9,10,11,12 - St Benedict Day Nursery
Grades: PK,KG - Harlem International Community
Grades: KG,3,5,6,7,8,9
Listing History
Certain content is available only to members.
There's no obligation.
Mar 17, 2025
Price decrease by -4.2% to $3,450,000
Sep 19, 2024
Listed for $3,600,000 by Matthew Lesser
About 245 Lenox Avenue
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Pricing Comparison
Listing courtesy of
Leslie J Garfield & Co Inc
RLS IDX Data display by CityRealty.com, LLC. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2023 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
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RLS IDX Data display by CityRealty.com, LLC.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
All closed sales data has been provided by the New York City Department of Finance via the Automated City Register Information System (ACRIS). No warranty or representation is made as to the accuracy of any data provided by ACRIS or any other sources.
CityRealty is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please contact us at accessibility@cityrealty.com.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.
All closed sales data has been provided by the New York City Department of Finance via the Automated City Register Information System (ACRIS). No warranty or representation is made as to the accuracy of any data provided by ACRIS or any other sources.
CityRealty is committed to ensuring digital accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone, and we welcome feedback and accommodation requests. If you wish to report an issue or seek an accommodation, please contact us at accessibility@cityrealty.com.
An equal housing opportunity 
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