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2153-2155 Adam Clayton Powell Jr Blvd
New York, NY 10027
Multifamily Property For Sale
·
19 Units
Investment Highlights
- The portfolio includes 17 residential units, 5 free-market, and 2 ground-floor commercial spaces, providing diversified income streams.
- Two Adjacent Mixed-Use Buildings in Central Harlem – The offering consists of two contiguous five-story mixed-use buildings.
- 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.
- The properties contain approximately 14,400 gross square feet across two buildings situated on a 3,750 square foot combined lot.
- Long-Term Value in a Strong Rental Market.
- Minimal CapEx, properties are well maintained and require nominal repairs.
Executive Summary
2153-2155 Adam Clayton Powell Jr. Boulevard offers a rare opportunity to acquire two adjacent mixed-use buildings in Central Harlem, a neighborhood experiencing strong rental demand and ongoing development. The portfolio spans approximately 14,400 gross square feet on a combined 3,750 square foot lot and features 17 residential units and two ground-floor commercial spaces. The unit mix includes five free-market apartments, offering upside potential. Both properties are well maintained with minimal capital expenditure requirements, providing an efficient entry for investors. Positioned along one of Harlem’s primary corridors, the properties offer immediate access to the A, C, B, D, 2, and 3 subway lines, as well as the M2 bus route, ensuring excellent transit connectivity to Upper Manhattan and Midtown. Surrounded by a vibrant retail and cultural hub, this offering provides long-term value within a historically strong and steadily growing rental market.
Property Facts
| Price Per Unit | $237,809 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 7.62% | Building Size | 34,790 SF |
| Gross Rent Multiplier | 8.18 | Average Occupancy | 100% |
| No. Units | 19 | No. Stories | 6 |
| Property Type | Multifamily | Year Built/Renovated | 1907/2019 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | R7-2 - High density residential district | ||
| Price Per Unit | $237,809 CAD |
| Sale Type | Investment |
| Cap Rate | 7.62% |
| Gross Rent Multiplier | 8.18 |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 34,790 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built/Renovated | 1907/2019 |
| Opportunity Zone |
Yes |
| Zoning | R7-2 - High density residential district |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 17 | - | - |
| Studios | 2 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $310,465 CAD | |
| Land Assessment | $184,713 CAD | Total Assessment | $495,178 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$184,713 CAD
Improvements Assessment
$310,465 CAD
Total Assessment
$495,178 CAD
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