For Sale
$1,350,000

2307 Adam Clayton Powell Jr BlvdNew York, NY 10030

Multi-unit retail building, high NOI potential

Overview

Added:
Dec 11, 2024
Days on market:
98
This exceptional multi-tenant retail storefront, located at 2307 Adam Clayton Powell Jr Blvd in New York, NY 10030, presents a compelling investment opportunity. The 3,770 square foot building sits on a 1,275 square foot lot and is currently 75% occupied, generating a pro-forma net operating income (NOI) of $95,000. The property features four commercial units and is classified as a Class B building. Its zoning designation, R7-2 and C1-4, allows for a variety of uses, offering significant flexibility for future development or tenant occupancy. The building's location in a highly desirable New York City neighborhood ensures strong tenant demand and potential for increased rental income. The property can be delivered vacant, providing an opportunity to reposition the asset and maximize its rental potential. This translates to a significant upside in projected NOI, estimated at approximately $133,000. This turnkey commercial building offers a rare chance to acquire a well-situated, income-producing asset with substantial growth potential in a vibrant urban market. The property's size, zoning, and location combine to create a lucrative investment opportunity in a highly sought-after area.

Highlights

  • 4 commercial units
  • Vacant possession available
  • Current NOI: $95,000
  • Projected NOI: $133,000
  • 3,700 SF building on a 1,275 SF lot

Property Details for 2307 Adam Clayton Powell Jr Blvd

Property type
Other retail properties, Individual retail properties
Square Feet
3,770 SF
Class
B
Units
4

Location Insight

City
New York
County
New York
State
New York
Latitude
40.8154758
Longitude
-73.9431816
2307 Adam Clayton Powell Jr Blvd, New York, New York

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2307 Adam Clayton Powell Jr Blvd
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