Rosewood Realty Group has been exclusively engaged in the bankruptcy sale of 216 Lenox Avenue, a five story, historic brownstone building. The retail space of the building (floors 1&2, totaling 3,200 sq. ft.) is currently owner occupied by Owens Funeral Home. The first floor (step down), contains offices, a reception area, and 3 bathrooms. The second level (parlor) contains a worship/viewing area. The third through fifth floors (900 sq. ft. each) currently sit vacant with no prior CO and have been completely gutted in anticipation of constructing new apartment rental units. These three floors are totally unfinished and have potential for a wide variety of design layouts. The property also has a semifinished full basement that is currently utilized as workspace and storage for the retail operator. Owens Funeral Home has expressed interest in a sale/leaseback opportunity so they can continue operating out of the property’s retail space at a rate of $13,000/month (negotiable). Otherwise, the property can be delivered fully vacant.
- ID: 8822
- Published: February 23, 2022
- Last Update: February 23, 2022
- Views: 119