Manhattan Building · 2006
380 Lenox Avenue (The Lenox)
380 Lenox Avenue, New York, NY 10027

380 Lenox Avenue (The Lenox)

380 Lenox Avenue, New York, NY 10027

CorridorHarlem
At a glance
Year built
2006

The Lenox at 380 Lenox Avenue is, per the New York Sun, "Harlem's first large, fully market-rate apartment building in decades."

The structural identity rests on three features. First, the first-large-market-rate-Harlem-building credential — the New York Sun designation. Second, the 421-A abatement through 2033 — material tax framework. Third, the GF55 Partners David Gross architectural pedigree — Gross's other Harlem projects include the Dafina, Susan's Court, SoHa 118, the Kalahari, Manhattan Court, Brownstone Lane II, and 88 Morningside.

Recent sales

Average $859/sf recent closings; current listings $980/sf average. PHE listed $1,750,000; another sale on the corridor at $1,850,000. 2BR/2BA closings $1.2M-$1.6M typical. Penthouse trade of $2.4M (May 2006) was the record condo sale above 125th Street at launch.

Comparable buildings

The Roebling Team at 380 Lenox Avenue (The Lenox)

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Corey Cohen · The Roebling Team at Compass 646.939.7375 · c.cohen@compass.com


Sources: CityRealty (Carter Horsley review); New York Sun ("Pioneer in Harlem Real Estate"); New Construction Manhattan; Compass; Corcoran; NYC Department of Finance recorded transfers.

Considering a transaction at 380 Lenox Avenue (The Lenox)?

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Corey Cohen · The Roebling Team at Compass
646.939.7375 · c.cohen@compass.com