Condo For Sale Manhattan, Central Harlem
Web ID # RLS20006753
Listed: 03/04/2025
Days on Market: 50 days
10,000 ft2 Approx. $650 per ft2 28 Beds 14 Baths
Listing Courtesy of Highline Residential LLC
Burton Weaver
Gea Elika
212-590-0540
Description
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
Highlights
- Central Air
Building Information
- Building Type: Walkup
- Year Built: 1900
Closing Costs
Map
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 REBNY Listing Service, Inc. All rights reserved. Participants and their affiliated Subscribers, if applicable, shall indicate on their IDX websites that IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Powered by RealPlus
RLS Data display by Elika Associates II LLC
