Active
2159 5th Avenue BLDG
New York City NY, 10037
$6,500,000
$650.00 per sqft
Active
28 Beds
14 Baths
10,000 sqft
Condos
Built in 1900
FOR SALE: PRIME HARLEM MIXED-USE INVESTMENT OPPORTUNITY!
2159 FIFTH AVENUE, NEW YORK, NY 10037Asking Price: $6,500,000Cap Rate: 6% (2025 Projected)
Unlock a lucrative investment in the heart of Harlem! This 10,149 SF mixed-use building offers 14 rent-stabilized apartments and a corner retail store with a basement, ensuring a diverse income stream in a rapidly growing market.
PROPERTY HIGHLIGHTS:
? High Upside Potential - Vacancy increases could drive revenue growth
? 28 Bedrooms 14 Bathrooms - Spacious 1, 2 & 3-bedroom units
? J-51 Tax Abatement - No property tax for 10 more years (Saves ~$10K annually)
? Recent Renovations - Modern appliances, upgraded heating system, and basement laundry room
? Sun-Filled Units - Unobstructed northern, southern, and western views for ample natural light
? Strong Rent Roll - Current Annual Income: $436,577 Potential: $565,609
? Mid-Rise Building - Zoned C7 with 5 stories
PRIME HARLEM LOCATION:
? Easy Access to Transit - Close to subway, commuter rail, and major bus lines
?? Thriving Neighborhood - Surrounded by cultural hotspots, shopping, and dining
? High Demand Area - Strong rental market with continued appreciation potential
This is a rare opportunity to invest in a well-maintained, income-generating property with low expenses and long-term upside in one of NYC's most dynamic neighborhoods.
Don't miss out-secure your stake in Harlem's future today!
Laundry Room
RLS20006753
MLSⓇ ID
March 4, 2025
Listed
March 12, 2025
Updated
Interior Features
Total Stories
0
Bedrooms
28
Total Bathrooms
14
Full Bathrooms
14
Appliances
Dishwasher
Laundry Description
Building None, None
Fireplace
No
Cooling
No
Heating
No
Heating Description
None
Exterior/Building Features
Other Property Details
Common Charges Frequency
Monthly
Garage
No
View
No
County
New York
RLS Data display by Burton Weaver with Highline Residential LLC
Listing Contact: (917) 336-5769
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved
Data last updated on 3/12/2025 at 6:12 AM UTC