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 17, 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
Days on Market
12
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 3/17/2025 at 5:09 AM UTC