The Wells Fargo building that sits on Lenox across from Whole Foods sits, of course, on hallowed ground – the site of Lenox Lounge. The latest iteration of real estate news focused on that site involves a unique investment strategy. The building has been taken public as an entity on the stock market, and shares are available for purchase.

The retail and office site at 286 Lenox Ave. – whose three tenants include a Wells Fargo branch – quietly began trading on the over-the-counter markets last week. It’s the first time that a building in New York has been securitized and offered to all investors via the secondary market, according to Jesse Daugherty, co-founder and co-CEO at Lex Markets, which handled the offering.

The building’s stock, which trades under the ticker symbol TESLU, was recently at $250, giving the building a market capitalization of more than $11 million.

According to the company, owners of commercial real estate can use the Lex platform to raise capital by securitizing a portion of their property. This allows them to recapitalize their equity and take out cash while still receiving management fees. At the same time, members of the public can invest in single assets without being accredited investors.