Avison Young, as exclusive agent, is pleased to offer for sale the leasehold interest at 286 Lenox Avenue (the “Property”), a 4-story newly constructed commercial asset located in the heart of Harlem. Situated along Lenox Avenue between West 124th and 125th Streets, the 18,822 RSF Property is fully occupied with an in-place office WALT of 4.9 years.
The Property is held under a 99-year ground lease, expiring in July 2115, featuring fixed rent increases every five years and a single CPI reset in 2066, providing investors with predictable carrying costs.