Map of Property

Lenox Powell Portfolio

For Sale

2228 Adam Clayton Powell Jr Blvd, New York, NY 10030

This New York property for sale is located at 2228 Adam Clayton Powell Jr Blvd. The general use of Lenox Powell Portfolio is multi-family and it incorporates 45,052 square feet of class C multi-family space. The current listed sale price for Lenox Powell Portfolio is $7,100,000. Lenox Powell Portfolio is situated on a lot that is 0.26 acre in size.

Contacts

broker
Drew McWilliams

Ariel Property Advisors

broker
Victor Sozio

Ariel Property Advisors

broker
Jake Brody

Ariel Property Advisors

Property Details

  • Property Type Multi-Family
  • Property Size 45,052 SF
  • Units 59
  • Lot Size 0.26 Acre
  • Building Class C
  • Year Built 1910
  • Date Updated Apr 23, 2025

Lenox Powell Portfolio includes the following 3 properties:

  • 115 West 137th Street 
  • 119 West 137th Street 
  • 2228 Adam Clayton Powell Jr. Blvd

Package of three (3) post year-15 LIHTC, buildings located in Central Harlem.

Portfolio consists of 59 residential units and two (2) commercial units.

All properties benefit from a long-term J51 Tax Exemption and Abatement and a 610 Amendment.

Approximately $6.1M in accretive assumable financing that matures in 2038.

64% of existing capital stack consists of interest-only or non-paying debt.

Portfolio benefits from a 610 Amendment to the existing regulatory agreement allowing for significant revenue growth.

Easy access to public transportation, located two blocks away from the 2 and 3 train station.

One new construction building and two properties that underwent adaptive reuse renovations. 

 

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Getting around

  • 97/100

    Walk Score ®

  • 100/100

    Transit Score ®

  • 70/100

    Bike Score ®

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Location

  • City New York, NY
  • Neighborhood Harlem
  • Zip Code 10030
  • Market Manhattan

Points of Interest

  • Lenox Avenue & 135th Street at Northwest Corner

    0.12 miles

  • Lenox Avenue & 135th Street at Northeast Corner

    0.12 miles

  • Lenox Avenue & 135th Street at Southwest Corner

    0.14 miles

  • Lenox Avenue & 135th Street at Southeast Corner

    0.14 miles

  • Lenox Avenue & 145th Street at Southeast Corner

    0.37 miles

  • Lenox Avenue & 145th Street at Southwest Corner

    0.38 miles

  • Lenox Avenue & 145th Street at Northwest Corner

    0.40 miles

  • Lenox Avenue & 145th Street at Northeast Corner

    0.41 miles

  • Harlem–148th Street

    0.59 miles

  • 138th Street–Grand Concourse

    0.60 miles

  • Mobil

    0.37 miles

  • Shell

    0.41 miles

  • BP

    0.55 miles

  • Global

    0.98 miles

  • ChargePoint

    2.64 miles

  • FLO

    2.75 miles

  • plugNYC

    2.79 miles

  • Tesla Supercharger

    3.20 miles

  • Hamilton Grange

    0.52 miles

  • 153rd Street South Lot

    0.76 miles

  • Harlem River South Lot

    0.77 miles

  • 153rd Street North Lot

    0.80 miles

  • Harlem River Lot

    0.81 miles

  • 153rd Street Lot

    0.86 miles

  • Harlem River North Lot

    0.88 miles

  • 153rd Street Garage

    0.91 miles

  • Commuter Parking

    0.92 miles

  • Rupert Plaza Garage

    1.03 miles

  • La Maison d'Art Private Gallery

    0.34 miles

  • Holiday Inn Express

    0.57 miles

  • Comfort Inn & Suites

    0.72 miles

  • Aloft Hotel

    0.73 miles

  • Lotus Accomodation

    0.78 miles

  • Hotel

    0.79 miles

  • Apollo Hotel

    0.80 miles

  • Efuru Guest House

    0.88 miles

  • L-Hostels

    0.99 miles

  • Saint Nicholas Inn

    1.00 miles

  • Key Food

    0.14 miles

  • Associated Supermarket

    0.26 miles

  • Associated

    0.27 miles

  • Fine Fare Supermarket

    0.38 miles

  • Foodtown of Frederick Douglas Blvd

    0.40 miles

  • Pioneer Supermarket

    0.40 miles

  • Super Foodtown

    0.48 miles

  • The Food Emporium

    0.52 miles

  • Marshalls

    0.60 miles

  • Whole Foods Market

    0.63 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Lenox Powell Portfolio
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