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Investment Highlights
- All residential units delivered vacant
- Core + Value add
- Retail lease till 2028
Executive Summary
Located on Adam Clayton Powell Jr. Boulevard between West 134th and West 135th Streets, this three-story mixed-use building offers a straightforward value-add opportunity in a prime Harlem corridor.
The property includes three residential apartments (two studios and one one-bedroom), all of which will be delivered vacant at closing, allowing a new owner to immediately lease at market rates or renovate and reposition. The ground floor features one retail unit with a tenant in place through 2028, providing stable income.
Zoned R7-2 / C1-4, the building benefits from unused residential FAR, creating potential upside for future expansion or reconfiguration (subject to approvals). With low property taxes and strong transit access, this asset works well for investors, owner-operators, or long-term holders seeking steady income with upside.
BUILDING INFORMATION
Building Size: 2,400SF
Building Dimensions: 18 x 55
Zoning: R7-2/ C1-4
Residential FAR: 3.44
Residential Units: 3 (all-delivered vacant upon closing)
Commercial Units: 1
Lot Size: 17.75 x 65 SF | 1,154 SF
Unused FAR: 1,569 SF
Property Taxes 2025: $6,957,76
The property includes three residential apartments (two studios and one one-bedroom), all of which will be delivered vacant at closing, allowing a new owner to immediately lease at market rates or renovate and reposition. The ground floor features one retail unit with a tenant in place through 2028, providing stable income.
Zoned R7-2 / C1-4, the building benefits from unused residential FAR, creating potential upside for future expansion or reconfiguration (subject to approvals). With low property taxes and strong transit access, this asset works well for investors, owner-operators, or long-term holders seeking steady income with upside.
BUILDING INFORMATION
Building Size: 2,400SF
Building Dimensions: 18 x 55
Zoning: R7-2/ C1-4
Residential FAR: 3.44
Residential Units: 3 (all-delivered vacant upon closing)
Commercial Units: 1
Lot Size: 17.75 x 65 SF | 1,154 SF
Unused FAR: 1,569 SF
Property Taxes 2025: $6,957,76
Property Facts
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Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 1940-0031 | Improvements Assessment | $50,798 CAD |
| Land Assessment | $26,685 CAD | Total Assessment | $77,483 CAD |
Property Taxes
Parcel Number
1940-0031
Land Assessment
$26,685 CAD
Improvements Assessment
$50,798 CAD
Total Assessment
$77,483 CAD
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2286 Adam Clayton Powell Jr Blvd
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