2268 Adam Clayton Powell Jr. Boulevard — Sale in New York, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: New York, NY 10030

Photos

2268 Adam Clayton Powell Jr. Boulevard — Sale in New York, NY, photo 1 of 2
2268 Adam Clayton Powell Jr. Boulevard — Sale in New York, NY, photo 2 of 2

Investment Figures

Cap rate
8.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to offer 2268 Adam Clayton Powell Jr. Boulevard, located in the lively neighborhood of West Harlem. Spanning 6,355 square feet, this 9-unit mixed-use property is ideally situated between West 133rd and West 134th Street. 2268 Adam Clayton benefits from a highly visible ground floor retail space leased to Harlem Hops, a popular neighborhood brewery. Future investors can also capitalize on the 33% free market value add component. Additionally, this tax class protected (2B) asset has been meticulously maintained and professionally managed by the same ownership for 8 years. The building is conveniently located near the 135th Street Subway Station, St. Nicholas Park, and Public School 92. Investment Highlights: • 2268 Adam Clayton Powell Jr. Blvd, is a 9-unit mixed-use property in the heart of West Harlem. • Tax Class: 2B | Zoning: R7-2, C1-4 | Ground-floor retail occupied by Harlem Hops. • Close proximity to the 2,3 A,C, & B subway lines.

Market Context

This mixed use in New York, NY is listed for sale. It is offered at an approximate 8.0% capitalization rate, a key benchmark for income-producing mixed use assets. Compare it against other mixed use listings for sale in New York, NY — view the full market.

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