Joseph Jemal Acquires Mixed-Use Property In Harlem For $1.95M

The mixed-use property located at 2530 Adam C Powell Blvd in Harlem has been sold in a closed transaction. The property is comprised of 7,420 square feet and traded at a price of $1,950,000, resulting in a price per square foot of $262. This transaction marks the first time the property has changed hands in over 20 plus years.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $1,950,000
• Market: Harlem
• Address: 2530 Adam C Powell Blvd

The seller of the property was Baroukh Sassouness, while the buyer was Joseph Jemal. Representing the seller was Michael Eliasi, and the buyer was represented by Josh Pomerantz, the CEO/Co-Founder of SP Capital Group. The sale of the property occurred at a 6.5% capitalization rate, indicating its potential as a lucrative investment. Please note that for more Harlem deals, interested parties can reach out to Josh Pomerantz at SP Capital Group (email: [email protected]) or Michael Eliasi (email: [email protected]).