Joseph Jemal Acquires Mixed-Use Property In Harlem For $1.95M
2530 Adam C Powell Blvd, Harlem
$1,950,000
$262/SF
Building Size
7,420 SF
Asset Type
Mixed-use
Closing
Dec 1, 2020
About this deal
AI
The mixed-use property located at 2530 Adam C Powell Blvd in Harlem has been sold for a price of $1,950,000. The property spans 7,420 square feet, resulting in a price per square foot of $262.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $1,950,000
- Address: 2530 Adam C Powell Blvd
- Market: Harlem
The seller of the property was Baroukh Sassouness, while the buyer was Joseph Jemal from Icer Properties. The deal was facilitated by brokers Josh Pomerantz and Michael Eliassi from SPCapital Group.
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93