Office/Retail Build in Harlem Hits the Market
A newly-constructed office and retail property at 286 Lenox Ave. in Harlem is coming to market via Avison Young. The asking price for the four-story property is $14.5 million.
The fully-occupied property between West 124th and West 125th streets includes Wells Fargo on the ground floor and cellar, Child Mind Institute on the second floor, and Visiting Nurses on the third and fourth floors. All tenants have signed 10-year leases, and the property will be delivered fully occupied.
Avison Young’s James Nelson, Asher Wenig, Brent Glodowski, Willis Fries, David Lawrence and Carter Lovejoy are marketing 286 Lenox.
“We’re offering prospective buyers a fully-leased, turn-key office building positioned on a prime Harlem thoroughfare with growing pedestrian traffic year-over-year,” said Nelson. “Its Central Harlem location and affordable taxes as part of the city’s ICAP abatement program make this newly-constructed building an excellent investment.”
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