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$6,500,000

Beds
28
Baths
14.0
sq ft
10,000

2159 5th Ave Unit BLDG, New York, NY 10037

2159 5th Ave Unit BLDG

New York City, NY 10037

  • 26 days on market
FOR SALE: PRIME HARLEM MIXED-USE INVESTMENT OPPORTUNITY!<br><br>2159 FIFTH AVENUE, NEW YORK, NY 10037Asking Price: $6,500,000Cap Rate: 6% (2025 Projected)<br><br>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.<br><br>PROPERTY HIGHLIGHTS:<br><br>? High Upside Potential - Vacancy increases could drive revenue growth<br>? 28 Bedrooms 14 Bathrooms - Spacious 1, 2 &amp; 3-bedroom units<br>? J-51 Tax Abatement - No property tax for 10 more years (Saves ~$10K annually)<br>? Recent Renovations - Modern appliances, upgraded heating system, and basement laundry room<br>? Sun-Filled Units - Unobstructed northern, southern, and western views for ample natural light<br>? Strong Rent Roll - Current Annual Income: $436,577 Potential: $565,609<br>? Mid-Rise Building - Zoned C7 with 5 stories<br><br>PRIME HARLEM LOCATION:<br><br>? Easy Access to Transit - Close to subway, commuter rail, and major bus lines<br>?? Thriving Neighborhood - Surrounded by cultural hotspots, shopping, and dining<br>? High Demand Area - Strong rental market with continued appreciation potential<br><br>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&#x27;s most dynamic neighborhoods.<br><br>Don&#x27;t miss out-secure your stake in Harlem&#x27;s future today!<br><br>Laundry Room

Details

Property type

Apartment

Lot size

Unknown

Price per sq ft

$650

Year built

1900

HOA

Yes

Price History

03/04/2025
REBNY

REBNY #RLS20006753

Listed
$6,500,000

Schools & Community

Neighborhood: 

East Harlem

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 03/31/2025 at 10:30 AM

Listing updated: 03/31/2025 at 8:41 AM

Listed by: Burton Weaver, Highline Residential LLC Phone #: (212) 960-8740

MLS: REBNY #RLS20006753

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