2299 Adam Clayton Powell Jr Blvd New York, NY 10030

This exceptional mixed-use property, located at 2299 Adam Clayton Powell Jr. Boulevard in the vibrant heart of Central Harlem, New York, NY 10030, presents a compelling investment opportunity. The five-story building boasts a total of 9,731 square feet, with 7,476 square feet of net rentable space, currently housing 23 units. The asking price is $2,900,000, translating to a price per square foot of $298 and a price per unit of $126,087. The property enjoys a strong 7.56% capitalization rate, generating a net operating income (NOI) of $219,201. Situated on a 1,869 square foot lot zoned R7-1 / C1-4, this well-maintained building benefits from high pedestrian traffic on a corner location, just blocks from the coveted Strivers’ Row. Strong commercial tenants contribute significantly to the income stream, achieving a combined rent of $99 per square foot. Further income is generated by a roof-mounted antenna. The property's prime location offers easy access to The City College of New York, Columbia University, and St. Nicholas Park, along with convenient access to public transportation, including the 2 and 3 trains at the 135th Street station just one block away. This is a rare opportunity to acquire a well-performing mixed-use asset in a rapidly appreciating area of Manhattan.