Multi-family

Residential Investment Property for Sale – 2130 2nd Avenue, New York, NY 10029

Asking Price: $3,200,000 ($533,333 / Unit)
Sale Type: Investment
Property Type: 3-Star Mid-Rise Apartments
Location: Urban – East Harlem (10029)
Availability: Immediate

Property Overview

2130 2nd Avenue presents a 6-unit multifamily investment opportunity in East Harlem. The 4-story, 5,006 SF property, originally built in 1910, offers solid fundamentals in a growing Manhattan submarket. With all units market-rate, the building provides investors with stable cash flow and upside potential through rental growth.

The building’s masonry construction and B-Class designation ensure durability, while the manageable unit count makes it attractive for both private investors and institutional buyers seeking core-plus multifamily assets.

Key Features

• Total Units: 6
• Asking Price per Unit: $533,333
• Stories: 4
• Gross Building Area (GBA): 5,006 SF
• Typical Floor Size: 1,101 SF
• Building Class: B (3-Star Mid-Rise)
• Lot Density: ~138 units per acre
• Construction: Masonry
• Year Built: 1910

Market Profile

• Rent Type: 100% Market-rate units
• Tenant Base: Mix of working professionals, families, and long-term residents attracted to East Harlem’s affordability and proximity to Midtown
• Neighborhood Demand: East Harlem continues to see investment momentum, driven by new development, cultural amenities, and connectivity to Central Manhattan
• Competitive Advantage: Smaller, efficiently run asset in a submarket with room for rent appreciation

Financial Highlights

• Asking Price: $3,200,000
• Price per Unit: $533,333
• Price per SF: ~$639
• Cap Rate: Competitive for Manhattan multifamily assets (to be determined by actual NOI)
• Upside Potential: Ability to capture higher rents over time through repositioning or market growth

Location Advantages

• Neighborhood: East Harlem – vibrant, urban, and evolving residential hub
• Proximity: Steps to 2nd Avenue retail, close to Central Park North, Mount Sinai Hospital, and cultural amenities
• Transit: 6 train at 110th Street, upcoming 2nd Avenue Subway extension, multiple bus routes
• Tenant Demand: Strong from professionals, students, and families seeking Manhattan affordability with neighborhood amenities

Summary

The 6-unit, 5,006 SF property at 2130 2nd Avenue is offered at $3.2M (~$533K/unit), making it a compelling core-plus multifamily acquisition in East Harlem. With a solid building structure, 100% market-rate units, and neighborhood growth drivers, this asset provides investors with both stabilized income and long-term appreciation potential.