2157 First Ave - Office FOR SALE


New York, NY 10029- East Harlem
$2,500,000 USD
212-660-7717
2157 First Ave, New York, NY for Sale
$2,500,000 USD
Office - FOR SALE
1/4
null | Request Cap Rate

Sep '26


2157 First Ave
New York, NY 10029
East Harlem


HIGHLIGHTS

  • FULLY LEASED ASSET WITH DIVERSIFIED INCOME STREAMS
  • NEAR TERM OFFICE LEASING UPSIDE
  • OPPORTUNITY ZONE LOCATION ENHANCES AFTER TAX RETURNS

OVERVIEW

OPPORTUNITY ZONE LOCATION ENHANCES AFTER TAX RETURNS The Property is located within a designated Qualified Opportunity Zone, providing investors the potential to defer and eliminate capital gains taxes, enhancing after tax returns and supporting long term value creation. COVERED LAND OPPORTUNITY WITH LONG TERM ASSEMBLAGE POTENTIAL With approximately 18,000 buildable square feet and full in place occupancy, the Property functions as a covered land investment, allowing investors to generate stable cash flow while preserving long term flexibility for assemblage or redevelopment as market conditions evolve. FULLY LEASED ASSET WITH DIVERSIFIED INCOME STREAMS The Property is fully occupied with a diversified tenant mix across office and retail uses, providing stable in place cash flow while limiting reliance on a single income source. NEAR TERM OFFICE LEASING UPSIDE Below market office rents and near term lease expirations create a clear opportunity to re tenant space at prevailing market rates, supporting immediate NOI growth without capital intensive repositioning. HIGH VISIBILITY RETAIL WITH EXPENSE REIMBURSEMENT The ground floor retail space benefits from over 25 feet of frontage along First Avenue and includes real estate tax reimbursement provisions, resulting in enhanced effective rents and durable net cash flow. TRANSIT ORIENTED LOCATION SUPPORTS LONG TERM DEMAND Located within a 10 minute walk of the 110th Street subway station (6-train), the Property offers strong connectivity to Manhattan (20-min from Grand Central) and the Bronx, reinforcing sustained tenant demand across both office and retail components.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$342 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

R8A

APN/PARCEL ID

1683-0026

ASK ABOUT THIS PROPERTY

Robert ShapiroCushman & WakefieldMore Info
212-660-7717

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Robert ShapiroCushman & WakefieldMore Info
212-660-7717

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.