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2311 Adam C Powell Blvd

2311 Adam C Powell Blvd, New York, NY 10030

N/A

4 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
4
Building Size:
3,400 SF
Property Type:
Multifamily
Property Sub-type:
Duplex/Triplex/Fourplex
Additional Sub-types:
Mid/High-Rise
Office Building
Property Use Type:
Investment
Commission Split:
6%
Cap Rate:
6.75%
No. Stories:
4
Year Built:
1920
Listing ID
16843303
Last Updated
over 1 year ago

Description

Excellent condition Commercial Mixed Used Building. Lot is 17.5 X 75. Located in the heart and soul of Harlem's new renaissance location makes this property prime for investment. Featuring two commercial units, two free-market, floor-through apartments, and a basement this building is easily accessible via the # 2, 3, B, C and A trains and the # 2 and 7 bus lines.

Gross Rents total $112,200. Net Operating Income approx $100,000 per year.

The boiler, roof, hot water tank and plumbing are in excellent condition and were recently updated.
Located in the vicinity of numerous luxury condominium developments, The Schomberg Museum, Harlem Hospital, New York City University, Columbia University & Barnard College

On Adam Clayton Powell Blvd (also referred to as 7th Ave) between 135th and 136th St in Harlem

Map of 2311 Adam C Powell Blvd, New York, NY 10030 (New York County)

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