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Listing Courtesy of Highline Residential LLC
$6,500,000
Est. payment /mo
28 Beds
14 Baths
10,000 SqFt
Active
2159 5th Avenue #BLDG Manhattan, NY 10037
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Key Details
Property Type Condo, Co-op
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $650
Subdivision Tribeca
MLS Listing ID RLS20006753
Bedrooms 28
HOA Y/N Yes
Year Built 1900
Property Sub-Type Apartment
Property Description
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
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
Location
Interior
Heating None
Furnishings Unfurnished
Fireplace No
Appliance Dishwasher
Laundry Building None, None
Exterior
View Y/N No
Private Pool No
Building
Dwelling Type None
New Construction No
Others
Ownership Rental Building
Pets Allowed Building No, No
RLS Data display by Manhattan Miami Real Estate
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