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 

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the “RLS”). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

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

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