Joe Peraino - Commercial Real Estate Showcase

Joe Peraino Property Listings
Prudential Douglas Elliman
675 Third Ave 6th Floor
New York, NY 10017-5704


DetailMap
2311 Adam Clayton Powell Jr Boulevard

New York, NY 10030 - Harlem/North Manhattan Submarket


Property Type:Retail Sub Type:Storefront Retail/Residential Status:Existing , Renov 2005 Year Built:1920
Building Size:1,700 SF Land Area:.03 AC (1,307 SF)
For Sale Price:$1,595,000 Price/SF:$938.24
Cap Rate:6.90 %
Features:Street parking only


Featuring two commercial units, two free-market, floor-through apartments, and a basement.

Sale Notes:
Excellent condition Commercial Mixed Used Building. Lot is 17.5 X 75. Located in the heart and soul of Harlem's new renaissance this grand boulevard location makes this property prime for investment/development/residence. Featuring two commercial units, two free-market, floor-through apartments, and a basement this building is easily accessible via the # 2, 3, B, C and A trains and the # 2 and 7 bus lines.

Will be delivered with tenants except 2nd floor Commercial space. Gross Rents total $117,000. Net Operating Income approx $100,000 per year.

The boiler, roof, hot water tank and plumbing are in excellent condition and were recently updated.
Located in the vicinity of numerous luxury condominium developments, The Schomberg Museum, Harlem Hospital, New York City University, Columbia University, Barnard College and eligible for the NYC Eco. Dev. Corp. Empowerment Zone program benefits this opportunity pulsates with excitement as Harlem re-creates itself.

Prudential Douglas Elliman
Joe Peraino
(646) 648-2986




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