2289 Adam Clayton Powell Jr Blvd New York, NY 10030

This four-unit, Class B multifamily property located at 2289 Adam Clayton Powell Jr Blvd, New York, NY 10030, presents a compelling value-add investment opportunity. The 3,764 square foot building, constructed in 1910 and renovated in 2012, sits on a 956 square foot lot and boasts 2,450 square feet of net rentable space. Currently operating at 100% occupancy, the property offers four units, each with a price point of $750,000, for a total asking price of $3,000,000. The property features a 5.00% cap rate and a price per square foot of $797.02. Zoned R7-2, C1-4, the building is a four-story structure with high ceilings and large windows, offering excellent natural light. Its prime location in central Harlem provides effortless access to public transportation, being just one block from the 2/3 and B/C subway lines. Low annual property taxes of $1,500 further enhance its investment appeal. The property's strong rental income potential is amplified by its suitability for both long-term and short-term rentals, including Airbnb. This unique property offers a blend of residential and commercial potential, making it an exceptional opportunity for discerning investors seeking immediate returns and long-term growth.