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2288 Adam Clayton Powell Junior Boulevard, HOUSE
New York, NY 10030
Central Harlem, Harlem

Off Market

Property Type
House
Estimated Size
4,320 ft²
Price per ft²
$693
Bedrooms
0 Bedrooms
Bathrooms
0 Bathrooms
Home Style
TH Commercial
Common Charges
N/A
Taxes
$3,700
Tax Deduction
N/A
Financing Allowed
N/A
New Development
N/A
Building
2288 Adam Clayton Powell Junior Boulevard
Building Year
N/A
Building Floors
3 floors
Building Units
N/A
Elementary School
PS 175
Days on RealDirect
N/A

Delivered vacant

Rarely available Mixed-use townhome on one of the busiest boulevards in Harlem. 2288 Adam Clayton Powell is located on a thriving street full of small and big business. The proeprty is perfectly located on 7th avenue and shares the block with the IHOP Restaurant.

The property is built 18x56 with a offset of about 8 feet that extend the building back onto its lot. Both residential units are large one bedroom walkthroughs, the apartments have exposed bricks and 2 wood burning fireplaces each.

The commercial space has received many offers from restaurants and once from Starbucks. The prices offered have ranged between $8k and $9600 a month. The ground floor is your real cash cow allowing the owner/investor to make a nice return every month. The ground floor store front has 14 foot ceilings and exposed brick, the space is over 1,000 square feet and the level below will rent with it as well. The space is perfect for any restaurant or business.

The building has FAR, the purchaser will be allowed to add another 3 stories on the existing building. Will be sold with over 3,000 sq buildable allowing for a mixed-use, residential or all commercial building with over 7,000 usable, the possibilities are endless.

The expenses for the owner are $3,700 for taxes and a flat bill of $500 for water. Your carrying cost are only $4,200 for the whole year!

Transportation is extremely accessible, the 2&3 trains are only one block away and the B&C; trains are 2 blocks away. The M02 bus that takes you to the East Village stops at the door of the property. This has become more of a desirable neighborhood for anyone who works downtown or midtown, the commute is fast and easy.

Citi college is just acroos the park on 134th street, finding tenants for your residential units will not get easier.

Harlem continues to becoming more and more desirable. This property is full of potential and cash flow!

Motivated to sell.

Features

  • Fireplace
  • Investor

Street Map

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Street View

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Mortgage Calculator

Mortgage Amount

$550,000

This property allows up to 0% financing. You may need to increase your down payment.

Mortgage Payment

$2,200

Total Monthly Payment

$2,900

Listing History

June 17, 2015 Delisted $2,995,000
June 17, 2015 Delisted $2,995,000

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