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1970 Adam Clayton Powell Jr Blvd 7,500 sq ft 67% Let Retail Property New York, NY 10026 £2,204,535 (£293.94/sq ft) 9.32% Net Initial Yield

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EXECUTIVE SUMMARY

Kassin Sabbagh Realty (KSR) is handling the sale of 1970 Adam Clayton Powell Jr. Blvd, an excellent Retail/Office real estate opportunity in Harlem, NY. This three-story building spans 7,500 square feet and includes both a fully finished basement and an elevator. Located between W 118th and W 119th Streets on Adam Clayton Powell Jr. Boulevard (7th Avenue), the property features a vacant retail space with a basement, and both the third and fourth floors are currently occupied. With its high-traffic location and proximity to the 2/3 trains at 116th Street / Malcolm X Boulevard and the C/B trains at 116th Street/Frederick Douglass Boulevard, this property is a great fit for businesses such as a dental office, pharmacy, billing center, or other professional services.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Shopfront Retail / Office
Property Size
7,500 sq ft
Costar Property Class
B
Year Built
2004
Price
£2,204,535
Price per sq ft
£293.94
Yield
9.32%
NOI
£205,451
Occupancy Rate
67%
Tenancy
Multiple
Number of Floors
3
Plot ratio
2.87
Total Plot Size
0.06 ac
Use Class
R7-2 - Commercial
Frontage
32 ft on Adam Clayton Powell Blvd

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • sq ft OCCUPIED
  • RENT/sq ft
  • LEASE END
  • Service type
  • -
  • -
  • -

Community Healthcare Network is a not-for-profit organization providing more than 80,000 New Yorkers with primary and behavioral healthcare, dental, nutrition, wellness, and needed support services. Their network is made up of over a dozen federally qualified health centers throughout Brooklyn, the Bronx, Queens, and Manhattan, along with 2 mobile vans that bring health services to underserved people in need throughout New York City. They provide judgment-free, high-quality healthcare, without regard to race, religion, orientation, gender identity, immigration status or ability to pay. They turn no one away. Their health centers serve neighborhoods that are incredibly diverse. More than 96% of CHN’s patients are people of color, with 46% identifying as African-American/Caribbean, 49% as Hispanic, and 1% as Asian-American. A large number of their patients are immigrants and the working poor. Approximately 29% of CHN’s patients are best served in a language other than English.

  • Dr.Samos
  • Health Care and Social Assistance
  • -
  • -
  • -
  • HLS Connection INC
  • -
  • -
  • -
  • -
  • Nycs Prep Inc
  • Educational Services
  • -
  • -
  • -
TENANT INDUSTRY sq ft OCCUPIED RENT/sq ft LEASE END
Service type - - -
Dr.Samos Health Care and Social Assistance - - -
HLS Connection INC - - - -
Nycs Prep Inc Educational Services - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 2,500 sq ft
  • Retail
  • -
  • Now

Great for: businesses such as a dental office, pharmacy, billing center, or other professional services. Situated at the base of a three-story, 7,500 SF building.

Space Size Space Use Position Available
1st Floor 2,500 sq ft Retail - Now

1st Floor

Size
2,500 sq ft
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 2,500 sq ft
Space Use Retail
Position -
Available Now

Great for: businesses such as a dental office, pharmacy, billing center, or other professional services. Situated at the base of a three-story, 7,500 SF building.

Walk Score®
Excellent pedestrian access (98)
Transit Score®
Rider's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures how walkable a location is.
Transit Score® measures access to public transport.
Bike Score® measures how accessible a location is by bike
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures how walkable
a location is. Transit Score®
measures access to public transport. Bike Score®
measures how accessible a location is by bike®

NEARBY MAJOR RETAILERS

Planet Fitness
Starbucks
CTown
Lidl
Chase Bank
Tex's Chicken & Burgers
Checkers
Buffalo Wild Wings
Just Salad
Golden Krust Caribbean Restaurants

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1924-0034
Land Assessment
£59,522
Improvements Assessment
£587,759
Total Assessment
£647,281
  • Listing ID: 34743702

  • Date on Market: 06/02/2025

  • Last Updated:

  • Address: 1970 Adam Clayton Powell Jr Blvd, New York, NY 10026

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