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$2,556,667
List Price: $2,600,000
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228 Lenox Avenue
Townhouse in South Harlem •  building info
5bd • 8ba • 5,791ft² $449 per ft²
Buy with Yoreevo

$2,556,667

List Price

$2,600,000

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James McGrath
(212) 365-0151 • 
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Key Details
Days on market
76
Last price change
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Estimated payment
$16,337
Taxes
$1,547
Monthly maintenance
N/A
Description
The mansion at 228 Lenox Avenue is located between 121 and 122 Street, nestled among a multitude of picturesque row houses, green spaces, and commercial offerings in the Mount Morris Park Historic District. Originally constructed in 1880 as a single family residence in the Romanesque Revival style, 228 Lenox housed a funeral home from the mid-20th century until recently. Now a blank canvas with many original details intact, this 20 home retains antique pocket doors, multiple fireplaces, soaring ceilings, and an impressive, stately facade. With approved Alt-1 plans, this piece of Harlem history can easily be converted into boutique luxury condos or rentals, like a handful of similar properties in the immediate vicinity which have achieved lofty figures in the recent past. Other, larger ground up projects currently selling from the sponsor or in lease-up within blocks include: 300 W 122 St (63 unit condo), 11 W 116 (30 unit condo) 127 West 112th Street ( 25 unit condo), 11 Hancock (71 unit condo), 224 West 124th Street (168 unit rental.) These projects illustrate the continued growth Harlem has seen in the past two decades, with hundreds of owners and renters looking to upgrade their living quarters in this historic community. The building is conveniently located in the heart of Harlem, with a multitude of restaurants and retail just moments away. Whole Foods, Red Rooster, Vinateria, Settepani, Il Caffe Latte, and Sugar Hill Creamery are within blocks, as are multiple retail stores spanning from Burlington Coat Factory to the atelier Dapper Dan, a Harlem fashion icon who has partnered with the Gap and Gucci. Marcus Garvey Park is a half block away, and Central Park is a 20 minute walk. The 2/3 train is two blocks away, and there are a variety of buses that run along the avenue as well as cross town. 228 Lenox Ave. is on the National Register of Historic Places and is a contributing building to the Mount Morris Park Historic District. Depending on end use, the building may be eligible for the federal and state historic tax credits. Seller financing available. Take advantage of this opportunity to own a piece of Harlems rich history, and create your own legacy within the vibrant community of the Mount Morris Park Historic District.

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Listing Amenities
City View
Fireplace
History
What it'll cost
Purchase price
$2,600,000
Asking Price: $2,600,000
Term
30 Years
Down Payment
$260,000 (10%)
Min: 10% (260,000)
Rate
6.5 %
Mortgage Amount
$2,340,000
Mortgage Payment
$14,790
Taxes
$1,547
Estimated Yoreevo rebate
$43,333
Estimated closing cost
$95,000
Total monthly cost $16,337
Buy your dream home with us and get an estimated
$43,333 rebate.
Rebates vary by sale price, market and are subject to a minimum commission.
Listing Courtesy of Bohemia Realty

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