The Nest

NestApple's Real Estate Blog

Featuring real estate articles and information to help real estate buyers and sellers. The Nest features writings from Georges Benoliel and other real estate professionals. Georges is the Co-Founder of NestApple and has been working as an active real estate investor for over a decade.

240 Lenox Avenue

August 5, 2026 by Georges Benoliel

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Residential investment opportunity in a desirable Central Harlem location near several popular restaurants, bars, shops, Morningside and Marcus Garvey Parks and convenient train options. This historic 4-story, 23-foot wide corner lot building offers 5 free-market, 3-bed/2-bath residential units. The building features renovated units with central air and in-unit laundry.

This sale is also being offered as a bundle in conjunction with two other Harlem residential buildings with free-market units, all with one blanket mortgage that can be assumed with the right buyer. Inquire for the offering memorandum with further details.

Property Information:
Desirable Central Harlem location near retail, Morningside and Marcus Garvey Parks and transportation options.
Residential building with 5 free-market units.
Units are 3-bed, 2-bath layouts.
Lot Size: 23 ft x 100 ft
Building Size: 23 ft x 60 ft
Building square footage: 6,500
Electric all separately metered.
Central air for all units.
Zoning: R7-2, C2
4 Stories
Year Built: 1899
Brick/masonry construction
Block & Lot: 01721-0001
Property taxes: $6,389 / Annual
Offered at: $7,500,000
Offered also in conjunction with two other Harlem residential buildings with one assumable mortgage. Properties located at 56 East 130th Street and 2064 Fifth Avenue.

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Written By: Georges Benoliel

Georges has been working in Wall Street for the last 16 years trading derivatives with hedge funds. He has been an active real estate investor for over a decade. Georges graduated from HEC Business School in Paris and holds a master in Finance from ESADE Barcelona.

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