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.
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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.
