23-Unit Mixed-Use Building on the Corner of 135th Street and Adam Clayton Powell Jr. Boulevard
$2,900,000
2299 Adam Clayton Powell Junior Boulevard, New York, NY 10030
For Sale
Mixed Use
Active
Last Updated: 07/26/2024
7.65
Cap Rate
225,919
NOI
Details:
Cap Rate: 7.65%
NOI: $225,919
Building Size: 9,731 sqft
Lot Area: 1,869 sqft
Units: 23
Price Per Sqft: $298
Price Per Unit: $126,087
Zoning: R7-1 / C1-4
Floors: 5
Highlights:
- 23-unit mixed-use SRO building situated on a high pedestrian traffic corner in the heart of Central Harlem
- Well maintained building only a few blocks south of the desirable Strivers’ Row
- Strong commercial tenants boasting a combined rent of $99/SF
- Additional income provided by an antenna on the roof of the property
- Enjoys proximity to The City College of New York, Columbia University, and St. Nicholas Park
- Conveniently located near several transportation options including the ‘2’ & ‘3’ trains one block away at the 135th St Station
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