Listed by KSR Kassin Sabbagh Realty, Kassin Sabbagh Realty
$2,950,000
1970 Adam Clayton Powell Jr Blvd
Details
APN 01924-0034
Property Type Office
Sub Type Executive Office, Medical Office
Square Footage 7,500
Cap Rate 9.32%
NOI $274,924
Occupancy 70%
Tenancy Single
Lease Type NN
Class B
Stories 3
Lot Size (SqFt) 2,500
Zoning R7-2, C1-4
Investment Type Owner/User
🔥 Exclusive Harlem Commercial Property – $2.95M Investment Opportunity!
Marketing description
Kassin Sabbagh Realty (KSR) is handling the sale of 1970 Adam Clayton Powell Jr. Blvd, an excellent Retail/Office real estate opportunity in Harlem, NY. This three-story building spans 7,500 square feet and includes both a fully finished basement and an elevator. Located between W 118th and W 119th Streets on Adam Clayton Powell Jr.
Boulevard (7th Avenue), the property features a vacant retail space with a basement, and both the third and fourth floors are currently occupied. With its high-traffic location and proximity to the 2/3 trains at 116th Street / Malcolm X Boulevard and the C/B trains at 116th Street/Frederick Douglass Boulevard, this property is a great fit for businesses such as a dental office, pharmacy, billing center, or other professional services.
Listing Contacts
Listed by KSR Kassin Sabbagh Realty, Kassin Sabbagh Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$274,924.00
$22,910.33/mo
Valuation Metrics
0
DSCR
9.32%
Cap Rate
9.32%
ROI
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