Mixed-Use Office and Retail
For Sale
Contact for pricing
Pending
2157 First Avenue, New York, NY 10029
Fully occupied three-story building with office space on two floors and a ground-floor retail unit with frontage.
Property Size7,500 SF
Days on Market170
Property Features for 2157 First Avenue
General Information
Standard status
Pending
Size
7,500 SF
Property subtype
Retail, Office, Land
Zoning
R8A, C2-5
Occupancy
100%
Investment Type
Owner/User
Site & Location
Neighborhood
Harlem
Building Details
Year Built
1910
Stories
3
Tenancy
Multi
Listing Agency:
CBRE - New York
Listed By:
David Garcia · License #10401372428
(419) 464-5106
Source:
Crexi
Added: May 8
Changed: Oct 23
Last Checked: Oct 24 at 6:09PM
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 CBRE - New York
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Investment Insights
Based on property information with market context.
CBRE is pleased to offer for sale a fully occupied three-story mixed-use building at 2157 First Avenue. The property comprises approximately 5,000 rentable square feet of office space across two full floors, along with a 2,500 square foot ground-floor retail unit.
The office portion is leased to three tenants, including a tenant occupying the entire third floor on a month-to-month basis at below market rents. The second floor is occupied by two tenants with near-term lease expirations, creating opportunities for future leasing outcomes.
The ground floor is leased to a beauty salon and includes over 25 feet of frontage along First Avenue. The retail lease features real estate tax reimbursement provisions, supporting total effective revenue of approximately $31 per square foot. The property is located within a ten-minute walk of the 110th Street subway station (6-train) along Lexington Avenue, providing convenient transit access to Manhattan and the Bronx.
The office portion is leased to three tenants, including a tenant occupying the entire third floor on a month-to-month basis at below market rents. The second floor is occupied by two tenants with near-term lease expirations, creating opportunities for future leasing outcomes.
The ground floor is leased to a beauty salon and includes over 25 feet of frontage along First Avenue. The retail lease features real estate tax reimbursement provisions, supporting total effective revenue of approximately $31 per square foot. The property is located within a ten-minute walk of the 110th Street subway station (6-train) along Lexington Avenue, providing convenient transit access to Manhattan and the Bronx.
Key Highlights
- Fully occupied 3‑story office and retail building (Year Built 1910) with in‑place cash flow
- Approx. 18,000 buildable SF per provided information with long‑term redevelopment potential
- Total approx. 7,500 SF: about 5,000 SF office across two full floors plus 2,500 SF ground‑floor retail unit
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,623
Businesses Nearby
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Business Placement
Demographics for 10029, NY
78,141
Population
36,955
Households
2.1
Avg Household Size
36
Median Age
36%
College-Educated
78%
High-School Grad
1.2 sq mi
ZIP Area
65,118
Density / Sq Mi
$38,308
Median Household Income
$41,951
Median Earnings
$1,183
Median Rent
$818,100
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Fully occupied three-story building with office space on two floors and a ground-floor retail unit with frontage.
Where is this office unit located?
The property is located at 2157 First Avenue New York, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Fully occupied 3‑story office and retail building (Year Built 1910) with in‑place cash flow; Approx. 18,000 buildable SF per provided information with long‑term redevelopment potential; Total approx. 7,500 SF: about 5,000 SF office across two full floors plus 2,500 SF ground‑floor retail unit
