Commercial Building for Sale
This property offers both stability and upside, featuring a strong nonprofit tenants.
Marketing description
With a strong nonprofit tenant This is a rare opportunity to acquire a mixed-use building in a prime East Harlem location with stable tenancy and significant recent
upstairs and flexible retail on the ground floor, this property offers both stability and upside. East Harlem’s growth trajectory makes turnkey opportunities like this especially compelling.
This sale is subject to 1031 Exchange.
Investment highlights
or Sale – 2035 2nd Avenue, East Harlem, NYC
Asking Price: $ upon request
Property Type: Multifamily / Commercial
Sub-Type: Apartment Building
Building Size: 11,492 SF
Lot Size: 0.061 Acres
Number of Units: 5
Zoning: R9A
Year Built: 1920
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Highlights
• Fully occupied building
• Recently renovated:
• New elevator
• New bathrooms
• New roof
• New air conditioning system
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Tenancy & Income
• Ground Floor Tenant: Vacant
• Upper Floors: Occupied by East Harlem Tutorial Program
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Expenses
• Property Taxes: Approx. $70,000/year
• Elevator Maintenance: Approx. $5,000/year
• Sprinkler: Approx. $1,000/year
• Insurance: Approx. $10,000/year
• Total Annual Expenses: Approx. $86,000
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This is a rare opportunity to acquire a mixed-use building in a prime East Harlem location with stable tenancy and significant recent
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