Joseph Jemal Acquires Mixed-Use Property In Harlem From Baroukh Sassouness For $1.95M
2530 Adam Clayton Powell Junior Boulevard, New York, NY 10039 & 2530 Adam Clayton Powell Junior Boulevard
$1,950,000
$131/SF
Building Size
7,420 SF
Asset Type
Mixed-use
Closing
Nov 5, 2020
About this deal
AI
A mixed-use property located at 2530 Adam C Powell Blvd in the Harlem market has been sold for $1,950,000. The property spans 7,420 square feet, resulting in a price of approximately $262 per square foot. The transaction took place on 11/06/2020.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,950,000
- Square Footage: 7,420
- Address: 2530 Adam C Powell Blvd
- Market: Harlem
The seller of the property was Baroukh Sassouness, while the buyer was Joseph Jemal of Icer Properties. The deal was facilitated by Josh Pomerantz and Michael Eliassi of SPCapital Group, who acted as brokers in the transaction.
Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Joshua "Josh" Pomerantz to view all their deals.
Browse New York mixed use sales on Traded.
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