2159 5th Ave Bldg Bldg New, York City, NY 10037
Property details
About 2159 5th Ave Bldg
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
Highlights
Summary
- MLS Number: RLS20006753
- MLS Name: RLS
- Office Name: Highline Residential LLC
- Office Phone: (212) 960-8740
- Listing Agent: Burton Weaver
- Agent Phone: (917) 336-5769
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Last updated on: 4/17/2025, 10:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$6,500,000
2159 5th Ave Bldg
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Price information
Property sales
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Tax history
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Nearby schools
4
P.S. 133 Fred R. Moore School
Public District KG-5
0.1 mi
•2121 5th Ave
4
P.S. 197 John B. Russwurm School
Public District KG-5
0.2 mi
•2230 5th Ave
5
Storefront Academy Harlem Charter School
Public Charter KG-2
0.2 mi
•70 E 129th 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 $39,023. The most common annual income of people living in Bldg New, York City, NY is less than $<35k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Major League Soccer (MLS)
Music Concerts
Art Museums
Where do the neighbors shop?
Banana Republic
H&M
Bloomingdales
Where do the neighbors go to eat?
Jack In The Box
Chipotle
Starbucks
What do the neighbors drive?
Toyota
Volkswagen
Audi
What do the neighbors listen to?
Jazz
Rhythmic Contemporary Hits
News
Frequently asked questions
About 2159 5th Ave Bldg
This home is located at 2159 5th Ave Bldg in Bldg New, York City, NY and zip code 10037 in the East Harlem neighborhood. This 10,000 square foot home was built in 1900. Features: 28 bedrooms, 14 bathrooms. It has been listed on Rocket Homes since March 5, 2025 and is currently priced at $6,500,000.
In March 2025, from all listings sold in Bldg New, York City, NY there were more than 180 sold above asking price, over 693 sold below and more than 763 were sold right at the asked price. The number of homes for sale in Bldg New, York City, NY increased by 5.1% between February and March 2025. In March 2025, listings were on the market for 143 days. During the same period, the median list price in this real estate market was $869,492.