Jem Realty pays $22M for Alhambra Ballroom building

Central Harlem office property sold to NJ developer Mitchell Mekel

New York /
Feb.February 21, 2014 04:45 PM

Times Square-based investment firm Jem Realty Management bought a seven-story office building on Adam C. Powell Jr. Boulevard in central Harlem for $21.5 million from Fort Lee, N.J., developer Mitchell Mekel, according to property records filed with the city today. 

The 58,000-square-foot property at 2108-2118 Adam Clayton Powell Boulevard near Olmstead Avenue last sold for $6 million in 2006, as The Real Deal reported.

Its ground floor is home to the Alhambra Ballroom event space, and formerly housed bowling alley Harlem Lanes and soul food restaurant Gospel Uptown. The Alhambra Ballroom was initially a vaudeville venue when built in 1905. The likes of jazz legend Billie Holliday and blues singer Bessie Smith performed at the theater.

Neither Alan Jemal of Jem Realty nor Mekel of Mitchell Enterprises could be immediately reached for comment.

The broker was undisclosed, though Jeffrey Brooker of Webb & Brooker handled the sale in 2006. Brooker, who died in at 2010, counted it among his greatest accomplishments during his more than 25-year tenure in the Harlem commercial market, a friend said at the time.

In November, Macy’s denied rumors that it was considering a store on 125th Street between Powell Jr. Boulevard and Lenox Avenue, at a site slated to be the new headquarters of the National Urban League, as previously reported.


Related Articles

arrow_forward_ios
The 300 West 125th Street location of Buffalo Wild Wings is closing for good. (Google Maps, Getty)
Buffalo Wild Wings chickens out on Harlem lease
Buffalo Wild Wings chickens out on Harlem lease
Thor Equities Group Chairman Joseph J. Sitt. (Thor)
Thor facing foreclosure on Harlem rental building
Thor facing foreclosure on Harlem rental building
Webb & Brooker co-founder Eugene H. Webb (Getty)
Webb & Brooker co-founder Eugene H. Webb dies
Webb & Brooker co-founder Eugene H. Webb dies
317 Lenox Avenue (Google Maps)
David Werner acquiring Harlem office leasehold for $60M
David Werner acquiring Harlem office leasehold for $60M
Don Lemon and Tim Malone with their apartment at 2280 Frederick Douglass Boulevard
Making Lemonade: Don Lemon breaks even on Harlem condo sale
Making Lemonade: Don Lemon breaks even on Harlem condo sale
Savanna's Christopher Schlank and Nicholas Bienstock with 1825 Park Avenue (Savanna; Google Maps)
Savanna looks to sell Harlem office building for $75M
Savanna looks to sell Harlem office building for $75M
A rendering of 121 West 125th Street in Harlem (Photo via BRP Companies; Trader Joe's)
Trader Joe’s is coming to Harlem
Trader Joe’s is coming to Harlem
From left: 21 Montrose Avenue in Williamsburg, 1480 Amsterdam Avenue and 520 West 136 Street in West Harlem and 208-212 West 141st Street in North Harlem (Google Maps)
Week’s mid-market sales run gamut from $80 to $500 psf
Week’s mid-market sales run gamut from $80 to $500 psf
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...