Five-Story Mixed-Use
New
For Sale
$2,300,000
2150 5th Avenue New York, Manhattan, NY 10037
Commercial Sale, New York (Manhattan), NY
Property Size6,300 SF
Lot Size0.03 Acres
Price / SF$365.08
Days on Market2
Property Features for 2150 5th Avenue New York
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R7-2
Rooms
Basement
Basement
Full
Standard status
Active
APN
1729-0037
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
16615
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
private backyard garden
Building Details
Year built
1900
Listing Agency:
Link NY Realty
(646) 827-2256
Listed By:
Valon Nikci · License #10491202180
(646) 321-9428
Added: Aug 31
Changed: Sep 1
Last Checked: Sep 1 at 5:06AM
MLS# 1044852
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1900, this five-story walk-up mixed-use property contains 6,300 SF with four residential units and a separate commercial area. The commercial component is suited to retail or office use, while the building also provides basement space and a private backyard garden. The property is fully occupied.
Located at 2150 5th Avenue in New York, the building is within the Harlem area of Manhattan. It sits on a 0.0327-acre lot and carries R7-2 zoning. Public water and public sewer serve the property, and cooling is provided through wall or window units.
Located at 2150 5th Avenue in New York, the building is within the Harlem area of Manhattan. It sits on a 0.0327-acre lot and carries R7-2 zoning. Public water and public sewer serve the property, and cooling is provided through wall or window units.
Key Highlights
- 6,300 SF five‑story mixed‑use building
- Four residential units plus commercial space
- Commercial area supports retail or office use
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
Lease Details
4
Residential units
100%
Occupancy
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 property combines residential units, commercial space, a basement, and a private backyard garden.
Where is this mixed-use property located?
The property is located at 2150 5th Avenue New York Manhattan, 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 building; Four residential units plus commercial space; Commercial area supports retail or office use
