Multifamily
2415 & 2419 Adam Clayton Powell Jr. Boulevard
2415 Adam Clayton Powell Jr Blvd, New York, NY 10030
Listing Price: $10,950,000
Investment Overview
Marcus & Millichap is pleased to present a rare opportunity to acquire two adjacent elevator multifamily buildings at 2415 & 2419 Adam Clayton Powell Jr. Boulevard, located on a prime corner in Harlem. This 43-unit portfolio, plus four retail storefronts, offers a compelling in-place cap rate of 7.3% with immediate upside potential. An impressive 72% of the units are already deregulated, with the remaining two rent-stabilized units set to transition to free market upon turnover due to an expired J-51 abatement.
2415 & 2419 Adam Clayton Powell Jr. Boulevard
Investment Highlights
- 2415 and 2419 Adam Clayton Powell Jr. Boulevard are located on the Northeast corner of West 141st Street and contains a gross square footage of 36,294.?
- 43 apartments & 4 on the avenue stores with excellent collections.
- Located just steps from the 2 and 3 subway lines and surrounded by an ever-growing mix of restaurants, cafes, and cultural landmarks.
Multifamily
2415 & 2419 Adam Clayton Powell Jr. Boulevard
Listing Price: $10,950,000
Investment Highlights
- 2415 and 2419 Adam Clayton Powell Jr. Boulevard are located on the Northeast corner of West 141st Street and contains a gross square footage of 36,294.?
- 43 apartments & 4 on the avenue stores with excellent collections.
- Located just steps from the 2 and 3 subway lines and surrounded by an ever-growing mix of restaurants, cafes, and cultural landmarks.
Investment Overview
Marcus & Millichap is pleased to present a rare opportunity to acquire two adjacent elevator multifamily buildings at 2415 & 2419 Adam Clayton Powell Jr. Boulevard, located on a prime corner in Harlem. This 43-unit portfolio, plus four retail storefronts, offers a compelling in-place cap rate of 7.3% with immediate upside potential. An impressive 72% of the units are already deregulated, with the remaining two rent-stabilized units set to transition to free market upon turnover due to an expired J-51 abatement.
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