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240 Lenox AvenueNew York, NY 10027

For Sale

$7,500,000

Smart Buyer Rebate $93,750

Residential investment opportunity in a desirable Central Harlem location near several popular restaurants, bars, shops, Morningside and Marcus Garvey Parks and convenient train options. This historic 4-story, 23-foot wide corner lot building offers 5 free-market, 3-bed/2-bath residential units. The building features renovated units with central air and in-unit laundry.

This sale is also being offered as a bundle in conjunction with two other Harlem residential buildings with free-market units, all with one blanket mortgage that can be assumed with the right buyer. Inquire for the offering memorandum with further details.

Property Information:
Desirable Central Harlem location near retail, Morningside and Marcus Garvey Parks and transportation options.
Residential building with 5 free-market units.
Units are 3-bed, 2-bath layouts.
Lot Size: 23 ft x 100 ft
Building Size: 23 ft x 60 ft
Building square footage: 6,500
Electric all separately metered.
Central air for all units.
Zoning: R7-2, C2
4 Stories
Year Built: 1899
Brick/masonry construction
Block & Lot: 01721-0001
Property taxes: $6,389 / Annual
Offered at: $7,500,000
Offered also in conjunction with two other Harlem residential buildings with one assumable mortgage. Properties located at 56 East 130th Street and 2064 Fifth Avenue.

Listed by Christopher Halliburton

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License #30HA0954912

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Compass

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(917) 518-9746

Listed by Matthew Pucker

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License #10301208042

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Compass

Last updated September 06, 2025

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Source: REBNY #RLS20042508

Listing Facts

  • TypeMulti-family
  • NeighborhoodCentral Harlem
  • Bedrooms15
  • Bathrooms5
  • Days on Prevu27
  • HOA/Maint. Fees$3,837/month
  • Taxes$6,384/year
  • Size6,500 sqft
  • Price per sqft$1,154

Amenities

  • Washer/Dryer

Location

Mortgage Calculator

Listing History

09/02/2025
Status changed to Active
$7,500,000
09/02/2025
Price Increased
$7,500,000
08/14/2025
Status changed to Removed from Feed
$5,500,000
08/13/2025
Price Increased
$5,500,000
08/13/2025
Listed by Compass
$5,000,000

Estimated Closing Costs

Total
$341,937
Attorney Fees
$4,000
NYC Mansion Tax
$168,750
Title Insurance
$33,750
Bank Attorney
$1,500
Mortgage Recording Tax
$129,937
Other Closing Costs
$4,000

Estimated closing costs are based on the list price of $7,500,000 and a 10% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.

Property Details for 240 Lenox Avenue

Association

Amenities

  • Pets Allowed: Building No, No

Fees

  • Association Fee: $3,837.00 Monthly

Exterior

Construction

  • Number Of Units Total: 5
  • Property Condition: Good Condition
  • Stories Total: 4
  • Structure Type: Multi Family, Townhouse
  • Year Built: 1899
  • Entry Level: 1

Features

  • View: City

Measurements

  • Building Area Total: 6,500
  • Building Area Units: SquareFeet
  • Lot Size Dimensions: 23
  • Lot Size Units: SquareFeet

Financial

Taxes

  • Tax Annual Amount: $6,384.00

Interior

Features

  • Appliances: Dryer, Washer
  • Interior Features: Crown Molding, High Ceilings

Measurements

  • Living Area: 6,500
  • Living Area Units: SquareFeet

Rooms

  • Basement: Partial
  • Has Basement: Yes
  • Bathrooms Full: 5
  • Bathrooms Total Integer: 5
  • Bedrooms Total: 15
  • Rooms Total: 30

Other

Location

  • City Region: Manhattan
  • Subdivision Name: Harlem
  • Tax Block: 01721
  • Tax Lot: 0001

Utilities

Equipment

  • Laundry Features: Common Area

Based on information from Real Estate Board of New York and/or other sources. 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.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.