The Nest

NestApple's Real Estate Blog

Featuring real estate articles and information to help real estate buyers and sellers. The Nest features writings from Georges Benoliel and other real estate professionals. Georges is the Co-Founder of NestApple and has been working as an active real estate investor for over a decade.

2350 Adam Clayton Powell Junior Boulevard

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2350 Adam Clayton Powell Jr Blvd is a gorgeous mixed-use (Three-Family plus Retail/Office) property located in the St Nicholas Historic District (Strivers Row) and perfectly positioned to generate a 7% pro forma cash-on-cash return for an investor while equity appreciates! This fully renovated twenty-foot-wide brick-brownstone property is situated in the heart of historic Harlem, two doors down from the original Red Rooster social club and half a block from Abyssinian Church.

This lovely mixed-use townhouse was fully renovated in 2015 and combines classic charm with the comforts of modern living, including central HVAC, a touch-pad security system, and video intercom. It comprises three fully renovated two-bedroom two-bathroom apartments over a retail/office space. The apartments are open plan with high ceilings, large windows for a wonderful sense of light and space, Brazilian walnut hardwood floors, and recessed lighting. Each has a primary bedroom with high ceilings, abundant light and ensuite bathroom, a second bedroom and second full bathroom, and an open concept living room and European-style Chefs kitchen features stainless steel appliances, granite counters and mosaic backsplash, plus in-unit laundry.

The commercial space is 20 feet deeper than the apartments above, measuring 20’x70′. The rear of the property leads on to a private alley attached to a shared, gated driveway. There is access to the basement via front stairs and privately via the commercial space.

This lovely home is close to the up-and-coming restaurant/caf scene in the neighborhood. Notable local landmarks include Alexander Hamilton Grange, historic Strivers’ Row, the Harlem YMCA, and City College. The property is a short walk from shopping on 125th Street and conveniently situated for the B/C and 2/3 subway lines and the M1, M2, M7 and M10 bus lines. For recreation, the property is just a few steps from St. Nicholas Park.

Showings are by appointment.



Written By: Georges Benoliel

Georges has been working in Wall Street for the last 16 years trading derivatives with hedge funds. He has been an active real estate investor for over a decade. Georges graduated from HEC Business School in Paris and holds a master in Finance from ESADE Barcelona.

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