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2159 5th Avenue
Apartment #BLDG
$6,500,000 Price
28 Bedrooms   14.0 Baths
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2159 5th Avenue, Tribeca, NYC

FOR SALE: PRIME HARLEM MIXED-USE INVESTMENT OPPORTUNITY! 2159 FIFTH AVENUE, NEW YORK, NY 10037Asking Price: $6,500,000Cap Rate: 6% (2025 Projected) 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...

FOR SALE: PRIME HARLEM MIXED-USE INVESTMENT OPPORTUNITY! 2159 FIFTH AVENUE, NEW YORK, NY 10037Asking Price: $6,500,000Cap Rate: 6% (2025 Projected) 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. PROPERTY HIGHLIGHTS: ? High Upside Potential - Vacancy increases could drive revenue growth ? 28 Bedrooms 14 Bathrooms - Spacious 1, 2 & 3-bedroom units ? J-51 Tax Abatement - No property tax for 10 more years (Saves ~$10K annually) ? Recent Renovations - Modern appliances, upgraded heating system, and basement laundry room ? Sun-Filled Units - Unobstructed northern, southern, and western views for ample natural light ? Strong Rent Roll - Current Annual Income: $436,577 Potential: $565,609 ? Mid-Rise Building - Zoned C7 with 5 stories PRIME HARLEM LOCATION: ? Easy Access to Transit - Close to subway, commuter rail, and major bus lines ?? Thriving Neighborhood - Surrounded by cultural hotspots, shopping, and dining ? High Demand Area - Strong rental market with continued appreciation potential 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. Don't miss out-secure your stake in Harlem's future today! Laundry Room

Courtesy of Highline Residential LLC

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

New Listing
Tribeca, NYC
Type:
Price: $6,500,000
Date Listed: 3/4/2025
Last Updated: 3/6/2025
Web ID: 1108251323

Info & Amenities

Rooms: 30.0
Bedrooms: 28
Bathrooms: 14.0
Built: 1900

Map of Area for 2159 5th Avenue BLDG

Get to Know Tribeca

Tribeca, short for 'Triangle Below Canal Street,' is a chic and artistic neighborhood nestled in Downtown Manhattan. Known for its historic industrial architecture, cobblestone streets, and artistic community, Tribeca offers a blend of trendy sophistication and artistic charm. The neighborhood exudes a relaxed yet vibrant atmosphere, drawing residents and visitors to its galleries, boutiques, and eateries.

More About Tribeca

Neighborhood Guide to Tribeca

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description. All measurements and square footages are approximate and all descriptive information should be confirmed by customer. All rights to content, photographs and graphics are reserved to Brown Harris Stevens. Customer should consult with its counsel regarding all closing and tax costs. Broker represents the seller/owner on Broker's own exclusives, except if another agent of Broker represents the buyer/tenant, in which case Broker will be a dual agent, in Connecticut, or , in New York State and New Jersey, a dual agent with designated or disclosed agents representing seller/owner and buyer/tenant. Broker represents the buyer/tenant when showing the exclusives of other real estate firms. In Florida, Broker acts as a Transaction Broker with all sellers and buyers, unless a different form of agency has been established in writing. If you are looking to purchase or rent housing, are using a screen reader, and are having problems using this website, please call 1-212-712-1163 for assistance. All phone charges will be reimbursed by Brown Harris Stevens. Broker actively supports Fair Housing and Equal Housing Opportunities. BHS has adopted the attached policy statement - Prior to showing a homebuyer a property or providing services: (1) BHS does not require identification from a prospective homebuyer, (2) BHS may require a written agreement from a homebuyer before showing properties; and (3) BHS does not require a pre-approval for a mortgage loan in order to show a homebuyer properties. However, based upon the requirements of the seller, the building in which the properties is located, or others, some or all of the foregoing items may be required. Listing information for certain New York City properties provided courtesy of the Real Estate Board of New 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 for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. 2025 The Real Estate Board of New York, Inc., all rights reserved. RLS Data display by Brown Harris Stevens. Powered by Terra Holdings.