Central Harlem Retail Property Leased by Citibank Sells for $3.4M
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The 50-foot wide, single-story commercial building at 2481 Adam Clayton Powell Boulevard occupied by Citibank on a triple net lease basis with a rent of $15,000 per month has traded between private investors for $3.4 million.
Victor Sozio, Shimon Shkury, and Michael Tortorici of Ariel Property Advisors brokered the sale.
Citibank extended its lease this year and has two additional five-year options to extend in 2017 and 2022.
Located on the northeast corner of West 144th Street and Adam Clayton Powell Boulevard, the building is near new residential developments including One Strivers Row, The Ellison Condos, Beacon Towers, and the PS90 Condos.
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