Joseph Jemal Of ICER Real Estate Acquires Mixed-Use Property In Harlem For $2.65M
SOLD
$2,650,000
+ 1
New York
See Similar DealsMixed-use52,560 SF
Sold 05/21/2019
SOLD
Joseph Jemal Of ICER Real Estate Acquires Mixed-Use Property In Harlem For $2.65M
2368 Adam Clayton Powell Jr Blvd, New York, NY 10030, USA
See Similar DealsMixed-use52,560 SF
Sold 05/21/2019
+ 1
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$50
Total Square Footage:52,560 SF
Transaction Type:Sale
The mixed-use property located at 2368 Adam Clayton Powell in Harlem has been sold. The transaction took place on May 21, 2019. The property spans a total of 5,256 square feet and was sold for a price of $2,650,000, resulting in a price per square foot of $504.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,650,000
- Address: 2368 Adam Clayton Powell
- Market: Harlem
- Square Footage: 5,256
- Price per Square Foot: $504
The seller of the property was Steven Gross, who represented Adam Clayton Manor LLC. On the other hand, the buyer was Joseph Jemal, representing ICER Real Estate. The deal was facilitated by brokers Lev Mavashev and Shai Egison from ALPHA REALTY.
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$141,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,414.90
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Annual Debt Service$150,748.22
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