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Five-Story Mixed-Use Building
For Sale
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2321 1st Ave., New York, NY 10035

Walk-up property combines apartments with retail space in Harlem.

Property SizeContact for details
Days on Market144

Property Features for 2321 1st Ave.

General Information

Standard status Active
Property subtype Retail
Listing Agency: IPRG Investment Property Realty Group
Listed By: Robert Rappa · License #10301214173
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 9:04PM

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 IPRG Investment Property Realty Group

Investment Insights

Based on property information with market context.

Located at 2321 1st Avenue in Harlem, this five-story walk-up property contains 9,125 square feet of building area. The mixed-use configuration includes eight residential apartments alongside two retail units.

All eight apartments are one-bedroom layouts. The residential component includes three free-market units, four rent-stabilized units, and one rent-controlled apartment. The property sits on the west side of 1st Avenue between East 118th and East 119th Streets, with access to the 6 subway station at 116th Street and Lexington Avenue.

Key Highlights

  • 5‑story, 9,125 SF walk‑up building
  • Mixed‑use layout with 8 residential units and 2 retail units
  • All 8 apartments are 1‑bedroom units

Property Analytics

Current Use

Polash Restaurant Lady's Restaurant

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Acupuncture Accounting Firm Computer & Electronic Repair

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

5,598
Businesses Nearby

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

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 - Walk-up property combines apartments with retail space in Harlem.
Where is this mixed-use property located?
The property is located at 2321 1st Ave. New York, NY.
What are key features of this property?
This property features: 5‑story, 9,125 SF walk‑up building; Mixed‑use layout with 8 residential units and 2 retail units; All 8 apartments are 1‑bedroom units
More about this property
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