2378 Adam Clayton Powell Jr Boulevard
2378 Adam Clayton Powell Jr Boulevard
$6,990,000
8
7
7,500
7,500
$932
Permanently Off Market
Virtual Tour
Description
Compass is proud to bring to market 2398 7th Avenue -- an incredibly beautiful five-story corner building in the Saint Nicholas Historic District.
Currently setup as six residential units with one commercial unit, this building offers numerous value-add opportunities:
1. Partially renovated, an investor could simply finish up the remaining units and collect income in a very quickly appreciating area by either leaving the layout as is or capitalizing on the mixed-use zoning and converting the first...Compass is proud to bring to market 2398 7th Avenue -- an incredibly beautiful five-story corner building in the Saint Nicholas Historic District.
Currently setup as six residential units with one commercial unit, this building offers numerous value-add opportunities:
1. Partially renovated, an investor could simply finish up the remaining units and collect income in a very quickly appreciating area by either leaving the layout as is or capitalizing on the mixed-use zoning and converting the first floor and lower level to a large retail unit;
2. For those wanting a quicker return, a floor through-unit condo conversion in this booming area would fetch sales prices well over $1,000/SF;
3. For end-users, a single family conversion is also possible and would result in one of the best-known trophy houses in northern Manhattan. In any of these scenarios, you would have the possibility to utilize the existing bulkhead to gain roof permitting, as well as duplex the existing basement with the first floor while still leaving the cellar below for communal space and mechanicals.
Feel free to reach out for a setup, pro-forma, and conversion metrics.
Currently setup as six residential units with one commercial unit, this building offers numerous value-add opportunities:
1. Partially renovated, an investor could simply finish up the remaining units and collect income in a very quickly appreciating area by either leaving the layout as is or capitalizing on the mixed-use zoning and converting the first...Compass is proud to bring to market 2398 7th Avenue -- an incredibly beautiful five-story corner building in the Saint Nicholas Historic District.
Currently setup as six residential units with one commercial unit, this building offers numerous value-add opportunities:
1. Partially renovated, an investor could simply finish up the remaining units and collect income in a very quickly appreciating area by either leaving the layout as is or capitalizing on the mixed-use zoning and converting the first floor and lower level to a large retail unit;
2. For those wanting a quicker return, a floor through-unit condo conversion in this booming area would fetch sales prices well over $1,000/SF;
3. For end-users, a single family conversion is also possible and would result in one of the best-known trophy houses in northern Manhattan. In any of these scenarios, you would have the possibility to utilize the existing bulkhead to gain roof permitting, as well as duplex the existing basement with the first floor while still leaving the cellar below for communal space and mechanicals.
Feel free to reach out for a setup, pro-forma, and conversion metrics.
Listing Agent
Amenities
- Common Roof Deck
- Exposed Brick
- Decorative Mouldings
- Corner Lot
- Full Basement
- Semi-Detached
Location
LISTING UPDATED: 07/19/2022 10:47 AM
Property Details for 2378 Adam Clayton Powell Jr Boulevard
Status | Permanently Off Market |
---|---|
Days on Market | 63 |
Taxes | $1,227 / month |
Maintenance | - |
Min. Down Pymt | - |
Total Rooms | 22.0 |
Compass Type | Townhouse |
MLS Type | Multi Family |
Year Built | 1910 |
Lot Size | 1,553 SF |
County | New York County |
Location
Virtual Tour
Building Information for 2378 Adam Clayton Powell Jr Boulevard
Stories5Residences7Year Built1910Building Size20' x 73'Building Sq. Ft7,300 SFLot Size1,553 SFBuilding Age-Building Type-
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$39,374 per month
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Property History for 2378 Adam Clayton Powell Jr Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 2378 Adam Clayton Powell Jr Boulevard
This home is within New York City Geographic District # 5.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 6 to 12 | |||
Public - | 6 to 8 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
P.S. 123 Mahalia Jackson PublicPK to 8 | ||
Thurgood Marshall Academy For Learning And Social Public6 to 12 | ||
Urban Assembly Academy for Future Leaders Public6 to 8 | ||
Knowledge And Power Prep Academy Iv Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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