Property profile

1961 Adam Clayton Powell Jr Blvd New York, NY 10026

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional medical office space, located at 1961-1963 Adam Clayton Powell Jr. Blvd, at the corner of Adam Clayton Powell Jr. Blvd & W 118th St in the vibrant Central Harlem submarket of New York, NY 10026, offers a unique opportunity for medical professionals. The ground floor boasts 2,350 square feet of divisible space, perfect for a variety of medical practices. A non-contiguous basement area adds an additional 1,124 square feet of usable space. The property features a partial mezzanine, 11-foot high ceilings, and up to approximately 100 feet of wraparound frontage, maximizing visibility and attracting potential clients. The space is fully built out and in move-in condition, featuring a huge wraparound glass storefront, HVAC, two bathrooms, and multiple entrances. The property was renovated in 2017 and is in state-of-the-art condition. Vented restaurant uses are accepted, and the possibility of wraparound outdoor seating adds to its appeal. This single-tenancy property presents a rare combination of size, location, and modern amenities, making it an ideal space for a thriving medical practice.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1961 Adam Clayton Powell Jr Blvd New York, NY 10026
New York metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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