$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 & 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's most dynamic neighborhoods.<br><br>Don't miss out-secure your stake in Harlem'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 #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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