10-Unit Apartment
For Sale
$1,999,999
2117 5 Ave, New York, NY 10035
Mixed residential configuration combines family apartments with SRO accommodations in Harlem.
Property Size3,735 SF
Days on Market49
Property Features for 2117 5 Ave
General Information
Standard status
Active
Size
3,735 SF
Property subtype
Investment
Units
Unit Mix
4 x Family, 6 x SRO
Multifamily Units
10
Additional Details
Gross Income
$252,000
Taxes and HOA fees
Annual Taxes
$12,533
Building Details
Building Size
3,735 SF
Year Built
1930
Units
10
Listing Agency:
Keller Williams Realty NYC Group
Listed By:
Rudis Rodriguez
(917) 274-2422
Source:
Elliman
Added: Sep 1
Changed: Oct 5
Last Checked: Oct 19 at 7:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty NYC Group
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Investment Insights
Based on property information with market context.
Built in 1930, this apartment property contains 10 residential units arranged as four family apartments and six SRO accommodations. The combination provides a distinct mix of conventional apartment and single-room residential formats within one building.
The property is located at 2117 5 Ave in Harlem, New York. WalkScore is 98, characterized as a Walker's Paradise, while TransitScore is 100, or Rider's Paradise. BikeScore is 81, indicating the area is Very Bikeable.
The property is located at 2117 5 Ave in Harlem, New York. WalkScore is 98, characterized as a Walker's Paradise, while TransitScore is 100, or Rider's Paradise. BikeScore is 81, indicating the area is Very Bikeable.
Key Highlights
- 10 apartments comprising 4 family units and 6 SRO's
- Built in 1930
- Located at 2117 5 Ave, New York, NY 10035
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,858
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,337,160
$2.3M
Cap Rate 7%
$1,669,400
$1.7M
Cap Rate 9%
$1,298,422
$1.3M
Market Conditions
NOI Build-Up for 3,735 SF
Gross rent
$223.7K $59.88/SF
− Vacancy
−$11.2K −$2.99/SF
EGI
$212.5K $56.89/SF
− OpEx
−$95.6K −$25.60/SF
NOI
$116.9K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,337,160
Cap Rate 7%
$1,669,400
Cap Rate 9%
$1,298,422
Alternative Uses
Best Use
Apartment 5plus
$1.67M
$1.46M – $1.95M
NOI $116,858 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.30M
$8.13M – $10.85M
NOI $650,786 @ 7.0% cap · market cap 32.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
7,755
Businesses Nearby
Explore this area
Business Placement
Demographics for 10035, NY
35,980
Population
16,340
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
25,700
Density / Sq Mi
$40,556
Median Household Income
$44,042
Median Earnings
$1,283
Median Rent
$663,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Mixed residential configuration combines family apartments with SRO accommodations in Harlem.
Where is this apartment building located?
The property is located at 2117 5 Ave New York, NY.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: 10 apartments comprising 4 family units and 6 SRO's; Built in 1930; Located at 2117 5 Ave, New York, NY 10035
