2147 Second Ave
New York, NY 10029
East Harlem
HIGHLIGHTS
- Area presents value-growth potential, as an East Harlem mixed use asset with strong visibility and neighborho
- Approximately $741,817 in gross annual revenue with residential rents averaging $3,280 per unit.
- Ground floor retail with wide street frontage, benefiting from dense surrounding residential demand.
- Efficient 17 unit mixed use footprint offering manageable scale and diversified income streams.
- Approximately 2,488 square feet of as of right air rights offering future expansion or value add optionality.
OVERVIEW
Nine story elevator mixed use building for sale, consisting of 16 residential apartments and one ground floor retail unit. The residential component features a predominantly two bedroom unit mix with in place rents averaging approximately $3,280 per unit, providing strong in place cash flow with long term stability.
FOR SALE DETAILS
PRICE
$6,500,000 USD
PRICE/SF
$394 USD /SF
# OF UNITS
16
PRICE/UNIT
$406,250
CAP RATE
6.93%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
9
YEAR BUILT
2008
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.06 AC
LAND SF
2,614 SF
ZONING
R9A, C2-5, TA, EHC
APN/PARCEL ID
1660-0024
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201-966-5918
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201-966-5918
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