3,700 SF | 2307 Adam Clayton Powell Junior Boulevard | Turn Key Commercial Building For Sale

2307 Adam Clayton Powell Junior Boulevard New York, NY 10030

2307 Adam Clayton Powell Junior Boulevard, New York, NY, 10030
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FOR SALE
Property Type:
Street Retail
Amount:
$1,350,000
Last Verified:
Nov 12, 2024

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Highlights

  • 4 commercial units
  • Can be delivered vacant
  • Current NOI approx 95K
  • Projected NOI approx 133k
  • Building Size: 3,700 SF
  • Lot Size: 1,275 SF

Description

Attention Retail / Street Retail investors! This is a rare opportunity to acquire a prime commercial property in the heart of New York. With 4 commercial units, this 3,770 SF building boasts 75% occupancy, providing a steady income stream. Zoned R7-2, C1-4, and with the potential to be delivered vacant, this property offers versatility and potential for value appreciation. Situated on a 1,275 SF lot, this property's size and zoning make it a lucrative investment opportunity in a highly sought-after location.

Located in the vibrant and historic neighborhood of Harlem W 135th St & W 136th St, the property offers investors an exciting opportunity in a prime New York location. The area is rich in cultural landmarks, including the Apollo Theater, Sylvia's Restaurant, and the Studio Museum in Harlem.

Nearest Transit: Steps from the 2, 3, B, & C trains and the M2, M7, & M102 bus lines. A few blocks away from the Madison Ave bridge and FDR.

Nearby tenants include Popeyes Louisiana Kitchen, Art 2 Ink Studio, PROOF Coffee Roasters, Behind the Book, Harlem Hops, Harlem Cafe, Renaissance Harlem, Bill's Place, Dunkin', McDonald's, Musette Wine Bar, Tex's Chicken & Burgers, Food Dynasty Supermarkets, KFC, CTown Supermarkets, Raising Cane's Chicken Fingers, Chipotle Mexican Grill, Whole Foods Market, Marshalls, Bath & Body Works, and more!


Building Size: 3770sq ft
Building Class: B
Lot Size: 0.03 acres


Documents

2307 Adam Clayton Powell Junior Boulevard Brochure

Map of 2307 Adam Clayton Powell Junior Boulevard, New York, NY, 10030

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.