Building Details

Building Size 6,300 SF

Year Built 1900

Listing Agency: Link NY Realty

Listed By: Valon Nikci · License #10491202180 Show Phone

Source: Elliman

Added: Sep 1 Changed: Oct 9 Last Checked: Oct 16 at 11:00AM

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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.

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 / Yr

$200,813

Cap Rate

8.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,016,260 $4.0M

Cap Rate 7%

$2,868,757 $2.9M

Cap Rate 9%

$2,231,256 $2.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,300 SF

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 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 (±1% cap)

NOI $886,565 @ 7.0% cap · market cap 38.55%

Second Best

Mixed Use

$2.87M

$2.51M – $3.35M (±1% cap)

NOI $200,813 @ 7.0% cap · market cap 8.73%

Theoretical Best

Specialty Retail

$15.68M

$13.72M – $18.30M (±1% cap)

NOI $1,097,712 @ 7.0% cap · market cap 47.73%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Konnichiwa Harlem Sushi Restaurant Suite 121 Event Planning Discount Tree Cutting ... Landscaping The Clean Geeks Commercial Cleaning Service

Suggested Use

Top Pick Law Firm Real Estate Agency Acupuncture Carpet & Flooring Store Accounting Firm Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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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