Mixed-Use Property with Ground-Floor
2268 Adam Clayton Powell Jr Blvd New York, NY 10030
For Sale
$2,550,000
9-unit mixed-use building featuring ground-floor retail space leased to Harlem Hops.
Property Size6,355 SF
Price / SF$401.26
Days on Market26
Property Features for 2268 Adam Clayton Powell Jr Blvd
General Information
- Standard status
- Active
- Size
- 6,355 SF
- Property subtype
- Mixed-Use
Listing Agency:
New York City Office
(212) 430-5136
Listed By:
Seth Glasser · License #License(s): NY: 10301209629
(212) 430-5136
Source:
Marcusmillichap
Added: Jun 28
Changed: Jul 23
Last Checked: Jul 23 at 3:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of New York City Office
Investment Insights
Based on property information with market context.
This 9-unit mixed-use property offers a highly visible ground-floor retail space and residential units above. The building totals 6,355 square feet and has been maintained and professionally managed by the same ownership for 8 years.
Located on Adam Clayton Powell Jr. Boulevard in West Harlem, the property is situated between West 133rd and West 134th Street. It is near the 135th Street Subway Station, St. Nicholas Park, and Public School 92.
As presented, the offering includes a 33% free market value add component, and the asset is described as tax class protected (2B).
Located on Adam Clayton Powell Jr. Boulevard in West Harlem, the property is situated between West 133rd and West 134th Street. It is near the 135th Street Subway Station, St. Nicholas Park, and Public School 92.
As presented, the offering includes a 33% free market value add component, and the asset is described as tax class protected (2B).
Key Highlights
- 9‑unit mixed‑use building with 6,355 SF total space on Adam Clayton Powell Jr. Blvd in West Harlem
- Ground‑floor retail space is leased to Harlem Hops
- Property located between West 133rd and West 134th Street
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $381.3k | $60.00 |
| − Vacancy | −$57.2k | −$9.00 |
| EGI | $324.1k | $51.00 |
| − OpEx | −$121.5k | −$19.13 |
| NOI | $202.6k | $31.88 |
6,355 SF · lease $60.00/SF/yr · vacancy 15.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$12.78M
$11.18M – $14.91M
NOI $894,304 @ 7.0% cap · market cap 35.07%
Second Best
Mixed Use
$2.89M
$2.53M – $3.38M
NOI $202,566 @ 7.0% cap · market cap 7.94%
Theoretical Best
Specialty Retail
$15.82M
$13.84M – $18.45M
NOI $1,107,295 @ 7.0% cap · market cap 43.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Harlem Hops
Bar & Pub
FAQs
What type of property is this?
Mixed-use property - 9-unit mixed-use building featuring ground-floor retail space leased to Harlem Hops.
Where is this mixed-use property located?
The property is located at 2268 Adam Clayton Powell Jr Blvd New York, NY.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: 9‑unit mixed‑use building with 6,355 SF total space on Adam Clayton Powell Jr. Blvd in West Harlem; Ground‑floor retail space is leased to Harlem Hops; Property located between West 133rd and West 134th Street
