Five-Story Mixed-Use
New
For Sale
$2,300,000
2150 5th Ave, New York, NY 10037
Fully occupied walk-up with four apartments, commercial space, basement, and rear garden.
Property Size6,300 SF
Days on Market2
Property Features for 2150 5th Ave
General Information
Standard status
Active
Size
6,300 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$16,615
Building Details
Building Size
6,300 SF
Year Built
1900
Listing Agency:
Link NY Realty
Listed By:
Valon Nikci · License #10491202180
(646) 321-9428
Source:
Elliman
Added: Sep 1
Last Checked: Sep 1 at 9:33PM
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 Link NY Realty
Investment Insights
Based on property information with market context.
Located at 2150 Fifth Avenue in Harlem, this 6,300-square-foot townhouse was built in 1900 and rises five stories. The walk-up configuration includes four residential units alongside a commercial area suited to retail or office use. A basement provides additional functional space, while the rear garden adds an outdoor component to the property.
The building is fully occupied and positioned in a highly accessible New York setting. Walk Score is 98, Transit Score is 100, and Bike Score is 81, reflecting strong pedestrian, transit, and cycling access. The property combines residential and commercial components within a single, established building.
The building is fully occupied and positioned in a highly accessible New York setting. Walk Score is 98, Transit Score is 100, and Bike Score is 81, reflecting strong pedestrian, transit, and cycling access. The property combines residential and commercial components within a single, established building.
Key Highlights
- 6,300 SF, five‑story mixed‑use townhouse at 2150 Fifth Avenue
- Four residential units plus commercial space for retail or office use
- Fully occupied walk‑up building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$200,813
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,016,260
$4.0M
Cap Rate 7%
$2,868,757
$2.9M
Cap Rate 9%
$2,231,256
$2.2M
Market Conditions
NOI Build-Up for 6,300 SF
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.
Gross rent
$378.0K $60.00/SF
− Vacancy
−$56.7K −$9.00/SF
EGI
$321.3K $51.00/SF
− OpEx
−$120.5K −$19.13/SF
NOI
$200.8K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,016,260
Cap Rate 7%
$2,868,757
Cap Rate 9%
$2,231,256
Alternative Uses
Best Use
Retail
$12.67M
$11.08M – $14.78M
NOI $886,565 @ 7.0% cap · market cap 38.55%
Second Best
Mixed Use
$2.87M
$2.51M – $3.35M
NOI $200,813 @ 7.0% cap · market cap 8.73%
Theoretical Best
Specialty Retail
$15.68M
$13.72M – $18.30M
NOI $1,097,712 @ 7.0% cap · market cap 47.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,168
Businesses Nearby
Explore this area
Business Placement
Demographics for 10037, NY
19,670
Population
11,218
Households
1.8
Avg Household Size
39
Median Age
43%
College-Educated
86%
High-School Grad
0.2 sq mi
ZIP Area
98,350
Density / Sq Mi
$51,250
Median Household Income
$54,349
Median Earnings
$1,406
Median Rent
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied walk-up with four apartments, commercial space, basement, and rear garden.
Where is this mixed-use property located?
The property is located at 2150 5th Ave New York, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 6,300 SF, five‑story mixed‑use townhouse at 2150 Fifth Avenue; Four residential units plus commercial space for retail or office use; Fully occupied walk‑up building
