GFI Realty Services was named sales agent for a retail and residential condominium package located at 1890 Adam Clayton Powell Jr. Blvd., a prewar, six-story elevator mixed-use building in Harlem. The brokerage’s Matthew Sparks will oversee the marketing of both packages, which can be sold separately.
The offering is comprised of eight sponsored residential units, including a vacant fully- renovated unit, and four retail units including a community facility.
“This offering presents an investor with tremendous value either from the sale of units upon vacancy at a 65% premium to purchase price, or renting the units at market and creating tremendous cash flow,” said Sparks. “In addition, the asset is located in a prime area where there continues to be growth in the condo market, both new construction and conversions.”
The property is within blocks of Columbia University, Morningside Park, Marcus Garvey Park and Central Park North.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!