Mixed-Use Retail and
2049 2nd Avenue, New York, NY 10029
COMMERCIAL - Other - New York, NY
- Added:
- Jul 15, 2025
- Days on Market:
- 357
- Last Refresh:
- Jul 6 at 6:06 am
Property Features for 2049 2nd Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 14
- Rooms
- Bathroom 3, Bedroom 4, Bedroom 5, Bathroom 11, Bathroom 1, Bathroom 9, Bathroom 10, Bathroom 4, Bathroom 7, Bathroom 5, Bathroom 2, Bathroom 6, Bathroom 14, Bathroom 12, Bedroom 2, Bathroom 13, Bedroom 6, Bedroom 1, Bedroom 8, Bathroom 8, Bedroom 3, Bedroom 7
- Standard status
- Active Under Contract
Building Details
- Architectural style
- Other
Listing agent Jonathan Kramer
Listing office Compass 3rd floor 90 Fifth Avenue, 3rd Floor, New York, NY (646) 982-0353
Listing date Jul 15, 2025
MLS# 11536785
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Mixed‑use free‑market property in East Harlem: 12 residential units above a commercial space currently occupied by a Mexican restaurant.
- Commercial tenant pays over $130k annually, including base rent, tax contribution, and utility reimbursements.
- Residential mix: 3 layouts with 4 identical units each—studio alcove, one‑bedroom, and one‑bedroom with home office.
- Recent improvements within the last 4 years: boiler upgrades, roof replacement & waterproofing, lobby & hallway renovations, and new lighting.
- Additional recent work: new kitchens and baths plus refinished oak floors in select units; EIFS/stucco & waterproofing facade system; brick repointing and power‑washing.
- Financials and ownership updates: over $260K NOI with an asking cap rate of approx. 7%; Alteration Type I permit in 2022 removed lot line windows for adjacent 2047 development.
Overview
This mixed-use property offers commercial space with 12 residential units above. The apartments include three layouts: studio alcove units, one-bedroom units, and one-bedroom units with a home office, with four identical units per layout. A live-in super is in place, and the building has been carefully maintained over time. Recent improvements within the last four years include boiler upgrades, roof replacement and waterproofing, lobby and hallway renovations, updated lighting, new kitchens and baths and refinished oak floors inside select units, an EIFS/stucco and waterproofing facade system on the side and rear, and brick repointing and power-washing.
The building is located on the northwest corner of East 105th Street and 2nd Avenue at 2049 2nd Avenue, New York, NY 10029. The commercial space is currently occupied by a Mexican restaurant paying over $130,000 annually, including base rent, tax contribution, and utility reimbursements. In 2022, the building underwent an Alteration Type I permit for the removal of lot line windows, preparing for a neighboring development site.
For investors and owner-operators, the combination of an operating ground-floor restaurant and an above-grade residential component provides a straightforward mixed-use setup. The current apartment mix supports multiple tenant types, while the documented modernization work completed in recent years addresses key building systems and common areas. The seller also has an adjacent development site at 2047 for sale, and a package deal may be available upon inquiry.
The building is located on the northwest corner of East 105th Street and 2nd Avenue at 2049 2nd Avenue, New York, NY 10029. The commercial space is currently occupied by a Mexican restaurant paying over $130,000 annually, including base rent, tax contribution, and utility reimbursements. In 2022, the building underwent an Alteration Type I permit for the removal of lot line windows, preparing for a neighboring development site.
For investors and owner-operators, the combination of an operating ground-floor restaurant and an above-grade residential component provides a straightforward mixed-use setup. The current apartment mix supports multiple tenant types, while the documented modernization work completed in recent years addresses key building systems and common areas. The seller also has an adjacent development site at 2047 for sale, and a package deal may be available upon inquiry.
Property Profile
Location Intelligence
Current Use by Public Records
Lupitas Restaurant
Restaurant
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.943091
- Latitude
- 40.790243
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Mixed-use building with retail on the ground floor and 12 residential units above, supported by recent major building upgrades.
Where is this apartment building located?
The property is located at 2049 2nd Avenue New York, NY.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Mixed‑use free‑market property in East Harlem: 12 residential units above a commercial space currently occupied by a Mexican restaurant.; Commercial tenant pays over $130k annually, including base rent, tax contribution, and utility reimbursements.; Residential mix: 3 layouts with 4 identical units each—studio alcove, one‑bedroom, and one‑bedroom with home office.
