REBusinessOnline

Marcus & Millichap Brokers $5.2M Sale of Apartment Community in Harlem

1975 Adam Clayton Powell Jr. Blvd in Harlem.

NEW YORK CITY — Marcus & Millichap has brokered the sale of 1975 Adam Clayton Powell Jr. Blvd, a 20-unit apartment community located in Harlem. The property sold for $5.2 million at a cap rate of 3.7 percent. Peter Von Der Ahe, Joe Koicim, Seth Glasser and Jacob Kahn of Marcus & Millichap represented the seller, a private investor, in the transaction. The buyer was Le Vian Properties. The 13,943-square-foot building features 37 feet of frontage on Adam Clayton Powell Jr. Blvd.

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