Log In/Sign Up
Your email has been sent.
2149 2nd Ave 8 Unit Apartment Building $1,700,000 ($212,500/Unit) 5.48% Cap Rate New York, NY 10029
Investment Highlights
- 5,500 SF, 4-story Multifamily Property
- Very well maintained - Long-term Ownership
- New Gas Boiler installed in 2025
- Cash-flowing Asset with 8 Rent Stabilized Residential Units
- Protected Tax Class 2B
- Prime East Harlem location: 2 blocks away from 6 train subway station, close proximity to 2nd Avenue Q train subway extension
Executive Summary
Horvath & Tremblay has been retained on an exclusive basis to arrange for the sale of 2149 2nd Avenue in Manhattan, New York. The Property is a 4-story 5,500 SF multifamily building in East Harlem. The Property consists of 8 rent stabilized residential units, with one (1) 3-Bedroom/1-Bathroom unit, six (6) 1-Bedroom/1-Bathroom units, and one (1) Studio unit. The Property is situated upon a 0.05-acre parcel (25.08’ x 79’ lot totaling 1,981 SF) and has on-street parking. Additionally, the Property features 9,400 SF of available air rights.
2149 2nd Avenue is strategically positioned within Manhattan’s East Harlem neighborhood, offering immediate access to one of New York City’s most established residential and commercial corridors. The property benefits from strong connectivity throughout Manhattan and the greater New York metropolitan area via nearby access to the Second Avenue Subway (Q Line), Lexington Avenue subway lines (4/5/6), and the FDR Drive, providing convenient transportation to Midtown, Downtown Manhattan, and the outer boroughs. The surrounding area features a dense concentration of neighborhood retail, dining, healthcare institutions, and employment centers, while also offering close proximity to Central Park, Museum Mile, and the East River waterfront.
2149 2nd Avenue is strategically positioned within Manhattan’s East Harlem neighborhood, offering immediate access to one of New York City’s most established residential and commercial corridors. The property benefits from strong connectivity throughout Manhattan and the greater New York metropolitan area via nearby access to the Second Avenue Subway (Q Line), Lexington Avenue subway lines (4/5/6), and the FDR Drive, providing convenient transportation to Midtown, Downtown Manhattan, and the outer boroughs. The surrounding area features a dense concentration of neighborhood retail, dining, healthcare institutions, and employment centers, while also offering close proximity to Central Park, Museum Mile, and the East River waterfront.
Property Facts
| Price | $1,700,000 | Building Class | B |
| Price Per Unit | $212,500 | Lot Size | 0.05 AC |
| Sale Type | Investment | Building Size | 5,500 SF |
| Cap Rate | 5.48% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | R9A | ||
| Price | $1,700,000 |
| Price Per Unit | $212,500 |
| Sale Type | Investment |
| Cap Rate | 5.48% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.05 AC |
| Building Size | 5,500 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1910 |
| Opportunity Zone |
Yes |
| Zoning | R9A |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Exceptional public transit
100/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 1660-0025 | Improvements Assessment | $72,846 |
| Land Assessment | $65,009 | Total Assessment | $137,855 |
Property Taxes
Parcel Number
1660-0025
Land Assessment
$65,009
Improvements Assessment
$72,846
Total Assessment
$137,855
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
2149 2nd Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.