Map of Property

Lenox Powell Portfolio

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

  • For Sale $7,100,000
  • 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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Attachments

Contacts

broker
Drew McWilliams

Ariel Property Advisors

broker
Victor Sozio

Ariel Property Advisors

broker
Jake Brody

Ariel Property Advisors

Location

Getting Around

  • Walk Score ®

    97/100 Walker's Paradise

  • Transit Score ®

    100/100 Rider's Paradise

  • Bike Score ®

    70/100 Very Bikeable
Powered by Walk Score ®
  • 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

  • Dunkin'

    0.06 miles

  • Easy Corner

    0.07 miles

  • Ponty Bistro

    0.12 miles

  • El Valle Seafood Restaurant

    0.14 miles

  • Popeyes

    0.17 miles

  • Texas Chicken & Burgers

    0.20 miles

  • Yatenga French Bistro

    0.21 miles

  • Empire Chinese Restaurant

    0.22 miles

  • Polanco Restaurant B.B.Q.

    0.22 miles

  • Kennedy Fried Chicken & Pizza

    0.24 miles

  • Junior High School 139

    0.12 miles

  • Saint Mark the Evangelist Preschool

    0.14 miles

  • Saint Mark the Evangelist School

    0.14 miles

  • P.S. 175 Henry Highland Garnet

    0.15 miles

  • Saint Charles Borromeo School

    0.28 miles

  • Public School 92

    0.29 miles

  • Global Community Charter School

    0.31 miles

  • Junior High School 136

    0.34 miles

  • P.S. 194 - Countee Cullen

    0.36 miles

  • Thurgood Marshall Academy for Learning

    0.36 miles

  • Heavens Tiny Tots

    0.40 miles

  • Dorothy Day Early Childhood Center

    0.93 miles

  • Bloomingdale Family Program

    1.51 miles

  • Salvation Army: Bronx Citadel

    1.53 miles

  • Sequence for Cidz

    1.62 miles

  • Friends & Family Daycare

    1.71 miles

  • Park West Montessori School

    1.74 miles

  • Purple Circle Early Childhood Program

    1.88 miles

  • Sunshine Learning Center

    1.89 miles

  • Incarnation Children's Center

    1.91 miles

Frequently Asked Questions

How much does Lenox Powell Portfolio cost?

The space currently listed for sale at Lenox Powell Portfolio asks for $7,100,000.

What is the total square footage of Lenox Powell Portfolio?

Lenox Powell Portfolio totals 45,052 square feet.

When was this property built?

Lenox Powell Portfolio was built in 1910.

Looking for more in-depth information on this property?

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Contact Lenox Powell Portfolio
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