370 Lenox Ave, New York, NY 10027 For Sale

Marshall Real Estate has been exclusively retained to market the sale of the commercial condominium units, located at 370-378 Lenox Avenue in Central Harlem, Manhattan. Located at the base of, The Smithsonian Place, which was originally constructed in 1898 and underwent a full condo renovation that blends age-old architecture with modern style. The exquisite condo building was converted in 2023/2024, features 55 luxury residential units, a game room, residence spa, fitness studio and 24-hour doorman.

The commercial offering features eight commercial condo units that span a total of 6,886 square feet on the ground floor with an additional 2,554 square feet in the cellar. Located on the Southeast corner of West 129th Street and Lenox Avenue, the retail features 170’ of wraparound frontage, 10’6” ceiling heights on grade, 8 separate storefronts and ample signage for maximum tenant exposure. The retail is currently 100% leased to eight elevated neighborhood tenants; Harlem Method, 787 Coffee Roasters, Harlem Pilates, Rotisserie, Perfect Brows, Juicery Harlem, The Handpulled Noodle and Felix Gourmet Deli.

Centrally located in the Harlem retail corridor the location benefits from tremendous co-tenancy that includes neighboring retailers Whole Foods Market, Red Rooster Harlem, Sylvia’s Restaurant, Harlem Corner Social, Starbucks and Trader Joe’s. The retail offering is well positioned to provide investors with a long-term stabilized yield and take advantage of one of the most highly desired retail corridors in all of Manhattan. The retail condominium units are being offered unencumbered of debt to qualified investors on an “As Is” basis only.