321 Lenox Avenue.
NEW YORK CITY — Delshah Capital, a New York-based real estate investment firm, has put 321 Lenox Ave., on the sale block in the Harlem submarket. Jones Lang LaSalle is marketing the property, which is located within an opportunity zone.
The 23,746-square-foot property features 32 residential units and one commercial unit. On the ground-floor is Corner Social Bar & Restaurant, a well-known staple and gathering spot in the neighborhood since its opening in 2011.
Renovated in 1986, all of the building's apartments were fully deregulated and currently are on free-market leases. The building's boiler, electrical system, elevator and roof all underwent recent upgrades, and the building is sub-metered for both gas and electric.
"321 Lenox Avenue is a 100%, free-market property, with 143 feet of wrap-around corner frontage and tremendous light and air," said Hall Oster of JLL in a prepared statement. "Given the ridership at the 2/3 express subway station, the bustling nature of Harlem's 125th Street submarket, and the neighborhood's close proximity to the Lenox Avenue retail corridor, the rental market surrounding 321 Lenox Ave. is poised for increased demand as the rental market matures."
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Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
