Xia Chen Acquires Retail Office Property In Harlem For $2,700,000 With Broker Samia Farah
1970 Adam Clayton Powell Junior Boulevard
$2,700,000
$360/SF
Building Size
7,500 SF
Asset Type
Retail
Closing
Jun 24, 2026
About this deal
AI
The property asset involved in this transaction is a retail/office space located at 1970 Adam Clayton Powell Junior Boulevard in Harlem. The sale price for this asset was $2,700,000, and the property encompasses 7,500 square feet, which results in a price per square foot of $360.
Summary of transaction details:
- Property Type: Retail/Office
- Transaction Amount: $2,700,000
- Address: 1970 Adam Clayton Powell Junior Boulevard
- Market: Harlem
- Square Footage: 7,500
- Price per Square Foot: $360
- Buyer: Xia Chen
- Broker: Samia Farah - KSR
The key individuals involved in this transaction include the buyer, Xia Chen, and the broker representing the deal, Samia Farah from KSR. Their roles facilitated the completion of this sale in the Harlem market.
On the Map
$2,700,000
$360/SF
Retail
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Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93