1949 Adam Clayton Powell Jr BlvdNew York, NY 10026

Property Details for 1949 Adam Clayton Powell Jr Blvd

Year built

1920

Lot size

0.09 AC

Property size (Sq ft)

15,145 SF

Zone code

R7-2

Property type

Retail residential properties

APN

01902-0062

APU

19020062

Description

This fully built-out, white-boxed creative office space in Central Harlem offers 613 square feet of versatile commercial space on the lower level. Boasting 10-foot high ceilings, the unit is conveniently located between West 117th and 118th Streets, offering excellent visibility and accessibility. The space includes a fully compliant ADA bathroom, adding to its functionality and appeal. The property is situated near the intersection of Adam Clayton Powell Jr. Boulevard, presenting a prime opportunity for impactful signage. Its proximity to the 2, 3, B, and C subway lines at 116th Street ensures easy access for employees and clients. All uses are considered, making this space suitable for a variety of businesses. This exceptional location in a thriving Harlem submarket presents a unique opportunity for a discerning tenant seeking a move-in ready, modern, and accessible commercial space.

• CAP approach

  CAP return

  Valuation

  6%

  $3,104,862

  6.5%

  $2,866,026

  7%

  $2,661,310

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,067,211

  Geo Method

  $3,067,211

• Alternative Use

  Use

  Valuation

  Residential

  $2,866,026

  Hospitality

  $2,625,265

  Educational

  $2,184,190

  Medical

  $2,259,307

  Retail

  $3,397,628

Location Insight

City

New York

County

New York

State

New York

Latitude

40.8041

Longitude

-73.9513

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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