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Status: Active

2159 5th Avenue, #BLDG

Central Harlem North-Polo Grounds

$6,500,000
 |  28 Beds  |  14 Baths  |  10,000SF

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

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Property Details

  • Condo

Amenities

  • Appliances: Dishwasher
  • Attendance: None
  • Laundry: Building None, None
  • Pets: Building No, No

The Neighborhood

Central
Harlem
Central Harlem North-Polo Grounds

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For information on 2159 5th Avenue, #BLDG contact:

realtor top real estate agent
Listing courtesy of Highline Residential LLC
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