Discover an exceptional investment opportunity in the heart of Harlem! This exclusive three-story mixed-use property on Adam Clayton Powell Jr Blvd offers a rare blend of immediate income and future upside. The building features three residential apartments—two studios and one spacious one-bedroom—all delivered vacant at closing, allowing you to set market rents or renovate to maximize value. The ground floor boasts a retail unit with a reliable tenant secured through 2028, ensuring stable cash flow from day one. 🏢💰
With 2,400 SF of building space and an additional 1,569 SF of unused residential FAR, there’s significant potential for expansion or reconfiguration (subject to approvals). Zoned R7-2/C1-4, this property is ideal for investors seeking long-term growth, owner-operators looking for flexibility, or anyone desiring a foothold in one of Manhattan’s most dynamic neighborhoods. Low property taxes further enhance the investment appeal, keeping operating costs manageable. 📈🔑
Located between West 134th and West 135th Streets, this property offers unbeatable access to Harlem’s vibrant culture, renowned dining, and excellent transit options. Enjoy proximity to parks, schools, shopping, and entertainment, all while benefiting from the neighborhood’s ongoing revitalization. Whether you’re looking to generate steady income or unlock future development potential, this Harlem gem is a must-see. 🌳🚇
Location Advantages:
• 🚇 Steps to 135th St subway station (2/3 lines) for fast Manhattan access
• 🏫 Near Harlem Children’s Zone Promise Academy, Thurgood Marshall Academy, and City College of New York
• 🏥 Close to Harlem Hospital Center and NYC Health + Hospitals/Metropolitan
• 🌳 Minutes from St. Nicholas Park and Jackie Robinson Park for recreation
• 🛒 Walking distance to Whole Foods Market, Foodtown, and Harlem Market
• 🍽️ Surrounded by acclaimed restaurants: Sylvia’s, Red Rooster, Melba’s, and Corner Social
• 🎭 Near Apollo Theater, National Jazz Museum in Harlem, and Studio Museum in Harlem
• 🏋️‍♂️ Multiple gyms and fitness studios nearby, including Blink Fitness and Planet Fitness
• 🚌 Easy access to M2, M3, M7, and M102 bus lines
• 🏦 Close to major banks, pharmacies, and essential services
• 🛍️ Retail shopping along 125th Street and Lenox Avenue
• 📚 Harlem Library and Schomburg Center for Research in Black Culture nearby