#RLS20032244, Rick O Kelly, Listing office: ALTA Real Estate
#RLS20036929·
Listing office: Compass·
Listing agent: JONATHAN KRAMER·
Listing agent phone: (516) 423-9581·
Listing office phone: (212) 913-9058
$3,750,000 List price
2049 2nd Ave New York City, NY 10029
8 beds
14 full
8,530 sqft
$440 / sqft
Multi-Family
Property details
About 2049 2nd Ave
- Mixed-Use Free-Market Investment Property FOR SALE in the heart of vibrant East Harlem on the Northwest Corner of East 105th Street & 2nd Avenue - 12 Residential Units above a Commercial Space (currently being occupied by a Mexican Restaurant paying over $130k/annually btwn base rent, tax contribution, and utility reimbursements) - Residential Apts. consist of 3 different layouts with 4 identical units each: studio alcove, one-bedroom, and one-bedroom with home office - Perfect time to invest in this neighborhood is now since the upcoming 2nd Avenue subway extension up to 125th Street will make this property explode & gentrify twofold - Live-In Super and carefully maintained throughout the years - Recent improvements within the last 4 years include: (1) boiler upgrades (2) roof replacement & waterproofing (3) lobby & hallway renovations (new tile floors & complete re-painting of metal pan stairs, apt entry doors, ceilings & walls) (4) new lighting (5) new kitchens, baths, & refinished oak floors inside of select units (6) new EIFS/Stucco & Waterproofing facade system on side & rear (7) brick repointing & power-washing - this building also underwent an Alteration Type I Permit in 2022 for the removal of lot line windows to make ready for new 25k buildable adjacent development site (also owned by same seller on the market and willing to do a package deal for both building & lot). Inquire with listing broker - With over $260K NOI, an asking cap rate of approx. 7%, and recent improvements done over the last 4 years this is turnkey to the new investor making it priced to sell - Setup sheet available upon request depicting gross rent roll, operating expenses, and net income - Seller also has the adjacent development site at 2047 for sale with approx. 25k buildable including air rights from this building and willing to do a package deal (further information available upon request)
Highlights
Home typeMulti Family
HeatingBaseboard
StatusActive
CoolingWall Unit(s)
Size8,530 sqft
Year built1900
MLS #RLS20036929
Summary
- Full Bathrooms: 14
- Appliances: Dishwasher, Freezer, Gas Cooktop, Refrigerator, Stainless Steel Appliance(s)
- Flooring Type: Hardwood, Tile
- Total Bedroom Count: 8
- Attached Garage: No
- Architectural Style: Walk-Up
- Heating: Baseboard
- Cooling: Wall Unit(s)
- List Price: $3,750,000
- Price/SqFt: $439
- HOA Amount: $0 Monthly
- Year Built: 1900
- Living Area: 8,530 SqFt
- MLS Number: RLS20036929
- MLS Name: RLS
- Office Name: Compass
- Office Phone: (212) 913-9058
- Listing Agent: JONATHAN KRAMER
- Agent Phone: (516) 423-9581
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Listing information for certain New York City properties provided courtesy of the Real Estate Board ofNew York’s Residential Listing Service (the “RLS”). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is forthe consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumers' consideration of the purchase and/or sale of an individual property.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 7/24/2025, 10:45:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
6
Amber Charter School East Harlem
Public Charter KG-5
0.1 mi
•220 E 106th St
3
P.S. 38 Roberto Clemente School
Public District PK-5
0.1 mi
•232 E 103rd St
7
P.S. 83 Luis Munoz Rivera School
Public District KG-5
0.2 mi
•219 E 109th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $30,688. The majority of New York City, NY residents have income less than $<35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
56%
<35k
31%
35k-100k
7%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
72%
Single, No Kids
12%
Single, with Kids
8%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
6%
12-17 yrs old
22%
18-34 yrs old
34%
35-64 yrs old
27%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Foot Locker
Burlington
Where do the neighbors go to eat?
Boston Market
Little Caesars
White Castle
What do the neighbors drive?
Honda
Dodge
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2049 2nd Ave
The listing price of 2049 2nd Ave property is $3,750,000.
The property 2049 2nd Ave is a multi located in New York City, New York, 10029.
Active Listing: 2049 2nd Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2049 2nd Ave are: Amber Charter School East Harlem (GreatSchools Rating 6/10), P.S. 38 Roberto Clemente School (GreatSchools Rating 3/10), P.S. 83 Luis Munoz Rivera School (GreatSchools Rating 7/10), Tag Young Scholars (GreatSchools Rating 9/10), The Lexington Academy (GreatSchools Rating 4/10), Central Park East II (GreatSchools Rating 5/10), East Harlem Scholars Academy Charter School (GreatSchools Rating 4/10), Park East High School (GreatSchools Rating 7/10), Dream Charter School (GreatSchools Rating 7/10).
The property 2049 2nd Ave is 8,530 SqFt (source: MLS/tax record).
The year of construction for 2049 2nd Ave is 1900.
This home is located at 2049 2nd Ave in New York City, NY and zip code 10029 in the East Harlem neighborhood. This 8,530 square foot home was built in 1900. Features: 8 bedrooms, 14 bathrooms. It has been listed on Rocket Homes since July 15, 2025 and is currently priced at $3,750,000.
While more than 232 listings in New York City, NY in June 2025 were sold above asking price, there were more than 1007 listings sold at asking price, and more than 715 were sold below. Between May and June 2025, New York City, NY real estate market has seen decrease in the number of listings by 4.3%. The median list price of listings available in June 2025 was $881,252, while the average time on the real estate market was 99 days.
From Rocket Homes Real Estate and based on county public records data.