Harlem Multifamily Building with Nine
2064 Fifth Avenue, New York, NY 10035
Commercial Building, Townhouse - New York, NY
Property size:
9,221 SFLot size:
0.06 AcresPrice / SF:
$520/SF- Added:
- Sep 1, 2025
- Days on Market:
- 263
- Last Refresh:
- May 21 at 9:06 pm
Property Features for 2064 Fifth Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bedrooms
- 20
- Bathrooms
- 13
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking features
- Garage
- Exterior features
- Garden
- Standard status
- Active
- Size
- 9,221 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 0
Building Details
- Architectural style
- Other
Listing agent Chris Halliburton (917) 518-9746
Listing office Compass 90 Fifth Avenue, 3rd Floor, New York, NY (646) 982-0353
Listing date Sep 1, 2025
MLS# 11567148
Listing URL
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
- Investment opportunity: 9 renovated, free‑market residential units in a desirable Central Harlem location.
- Assumable blanket mortgage: Offered in conjunction with two other Harlem residential buildings under one assumable mortgage.
- Desirable location: Fifth Avenue and 127th Street, near restaurants, bars, shops, Marcus Garvey Park, and transportation.
- Modern amenities: Enjoy central air, in‑unit laundry, and private storage.
- Outdoor space: Several units feature private outdoor spaces and a common roof deck.
- Unit variety: Mix of 1- to 4‑bedroom units, some with multiple bathrooms.
Overview
Located in Central Harlem on Fifth Avenue and 127th Street, this four-story residential building presents a commercial investment opportunity. Constructed in 1910, the building contains nine renovated free-market residential units, ranging from one to four bedrooms. Several units include private outdoor spaces, and all units have central air and in-unit laundry. The building also features a common roof deck and private storage. The building size is 25 ft x 98 ft, totaling 9,221 square feet, and sits on a 25 ft x 100 ft lot. The electric is separately metered for all units. The property is located near restaurants, bars, shops, Morningside and Marcus Garvey Parks, and transportation options. Zoning is R7-2, C1. The property's block and lot number is 01725-0035. Annual property taxes are $21,312. This property is also offered in conjunction with two other Harlem residential buildings with one assumable mortgage. The other properties are located at 56 East 130th Street and 240 Lenox Avenue.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$3.21M
NOI $288,500 @ 9.00% cap · cautious / downside scenario
Moderate
$4.12M
NOI $288,500 @ 7.00% cap · market / base-case scenario
Aggressive
$5.77M
NOI $288,500 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $552.2k | $59.88 |
| − Vacancy | −$27.6k | −$2.99 |
| EGI | $524.5k | $56.89 |
| − OpEx | −$236.0k | −$25.60 |
| NOI | $288.5k | $31.29 |
9,221 SF · lease $59.88/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$4.12M
$3.61M – $4.81M
NOI $288,500 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$22.95M
$20.08M – $26.78M
NOI $1,606,667 @ 7.0% cap · market cap 33.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Byron Lars Beauty ...
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- New York
- County
- New York
- State
- New York
- Longitude
- -73.941422
- Latitude
- 40.808049
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Renovated residential building with nine free-market units in Harlem.
Where is this apartment building located?
The property is located at 2064 Fifth Avenue New York, NY.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Investment opportunity: 9 renovated, free‑market residential units in a desirable Central Harlem location.; Assumable blanket mortgage: Offered in conjunction with two other Harlem residential buildings under one assumable mortgage.; Desirable location: Fifth Avenue and 127th Street, near restaurants, bars, shops, Marcus Garvey Park, and transportation.
