SOLDCondo
Kwame Owusu-Kesse Of Harlem Children’s Zone Acquires Retail Condos For $8.9M In Harlem
381 Malcolm X Boulevard
$8,900,000
$738/SF
Building Size
12,045 SF
Asset Type
Condo
Closing
Jun 25, 2025
AI
A condo located at 381 Lenox Avenue in Harlem, Manhattan has been sold for $8,900,000. The property encompasses a total square footage of 12,045 with a price per square foot of $739.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $8,900,000
- Buyer: Kwame Owusu-Kesse - Harlem Children’s Zone
- Seller: Lennox Capital Partners
- Market: Harlem, Manhattan
The transaction involved the purchase of two retail condo units by Harlem Children’s Zone, represented by Kwame Owusu-Kesse, from Lennox Capital Partners.
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.78%
Cash-on-Cash
-0.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93