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Two Adjacent Mixed-Use Buildings in Central Harlem

$3,250,000

2153 -2155 Adam Clayton Powell Junior Boulevard, New York, NY 10027

Active
Last Updated: 04/15/2026

7.59

Cap Rate

246,654

NOI

Details:
Cap Rate:    7.59%
NOI:    $246,654
Building Size:    14,400 sqft
Lot Area:    3,750 sqft
Units:    19
Price Per Sqft:    $226
Price Per Unit:    $171,053
Zoning:    R7-2 / C1-4
Highlights:
  • The portfolio includes 17 residential units, 5 free-market, and 2 ground-floor commercial spaces, providing diversified income streams
  • The properties contain approximately 14,400 gross square feet across two buildings situated on a 3,750 square foot combined lot
  • Two Adjacent Mixed-Use Buildings in Central Harlem – The offering consists of two contiguous five-story mixed-use buildings
  • Long-Term Value in a Strong Rental Market
  • Minimal CapEx, properties are well maintained and require nominal repairs
  • Close proximity to the A,C,B,D,2 & 3 trains. As well as the M2 bus line going North and South on ACP Jr. Blvd
  • Prime Harlem Corridor Location – Positioned along Adam Clayton Powell Jr. Boulevard, the asset benefits from surrounding neighborhood amenities, retail corridors, and convenient access to major subway lines serving Upper Manhattan and Midtown.
  • Both properties are tax class 2B, tax class protected
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