New York & Tri-State + Uptown/Bronx | March 7, 2019

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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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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