Listed by Ariel Property Advisors
$3,250,000
2153-2155 Adam Clayton Powell Jr. Blvd
Details
Property Type Multifamily, Mixed Use
Sub Type Apartment Building
Square Footage 14,400
Units 19
Cap Rate 7.59%
NOI $246,654
Price per SqFt $226
Buildings 2
Stories 10
Lot Size (SqFt) 3,750
Zoning R7-2 / C1-4
Multifamily | 19 Units | $171,053/unit
Investment 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
Listing Contacts
Listed by Ariel Property Advisors
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Loan Amount
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Annual Debt Service
$--
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Annual Cash Flow
$246,654.00
$20,554.50/mo
Valuation Metrics
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DSCR
7.59%
Cap Rate
7.59%
ROI
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