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2149 2nd Ave 8 Unit Apartment Building $2,389,010 CAD ($298,626 CAD/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 | $2,389,010 CAD | Building Class | B |
| Price Per Unit | $298,626 CAD | 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 | $2,389,010 CAD |
| Price Per Unit | $298,626 CAD |
| 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 |
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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 | $103,084 CAD |
| Land Assessment | $91,994 CAD | Total Assessment | $195,079 CAD |
Property Taxes
Parcel Number
1660-0025
Land Assessment
$91,994 CAD
Improvements Assessment
$103,084 CAD
Total Assessment
$195,079 CAD
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