Goddard Riverside Community Center Leases 5,056-SF Office Space At 2389 Adam Clayton Powell Jr. Boulevard
2389 Adam Clayton Powell Jr. Boulevard
$35
$35/SF
Building Size
5,056 SF
Asset Type
Office
Closing
Oct 29, 2024
AI
The property asset involved in the transaction is a 5,056-square-foot office space located at 2389 Adam Clayton Powell Jr. Boulevard in Harlem, Manhattan. The asking rent for this office space was set at $35 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $35/ft
- Address: 2389 Adam Clayton Powell Jr. Boulevard
- Market: Harlem, Manhattan
- Landlord: KP Developers
- Tenant: Goddard Riverside Community Center
- Broker: Samuel Hartstein - Gemstone Realty Group
- Square Footage: 5,056
- Lease Duration: 10 years
The transaction involved Goddard Riverside Community Center, which signed a lease to expand its services aimed at teens, the elderly, and the homeless. Samuel Hartstein represented Gemstone Realty Group in this leasing agreement.
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
453228.57%
Cash-on-Cash
-129534.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93