Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2152 3Rd Ave New York, NY 10035

    • Commercial real estate
    • 7,200 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3045815
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2152 3Rd Ave

    Property size
    7,200 SF
    Property type
    Commercial real estate

    Description

    This exceptional East Harlem retail property, located at 2152 Third Avenue, New York, NY 10035, presents a unique investment opportunity. The four-story building offers a total of 7,200 square feet of retail space, currently entirely vacant and ready for immediate occupancy. The property is zoned C4-6 EHC, allowing for a variety of retail uses. The building is divided into five individual suites, providing flexibility for multiple tenants or a single large-scale operation. Each suite offers a minimum of 1,200 square feet, with a maximum contiguous space of 2,400 square feet. This allows for businesses of various sizes to find a suitable space within the building. The property's prime location in East Harlem offers high visibility and accessibility, making it an ideal location for a thriving retail business. The building's substantial size and flexible layout provide a unique opportunity for a diverse range of retail concepts. With its strategic location and ample space, this property is poised for significant growth and return on investment. The entire 7,200 square feet is available for lease, presenting a rare chance to establish a substantial retail presence in a rapidly developing neighborhood. Serious inquiries are encouraged to explore this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9395412
    Latitude
    40.7990865

    Comparable in this City

    • Contact for pricing
      35,624 SF

      Prime NYC Retail Space Available

      Upscale Fifth Avenue Retail, Multiple Units
      2033 5Th Ave, New York, NY 10035
      View Details
    • Contact for pricing
      7,500 SF

      Versatile Space Near Transportation

      25,000 SF available for lease near transportation.
      220-226 E 117Th St, New York, NY 10035
      View Details
    • Contact for pricing
      800 SF

      Retail Space in Harlem Corridor

      Retail opportunity in Harlem's premier retail corridor, starting at 700 SF.
      212 E 125Th St, New York, NY 10035
      View Details
    • $5,500 /Mo
      2,500 SF

      Retail Space with Open Floorplan

      Retail space featuring an open floor plan and high ceilings.
      508 E 117Th St, New York, NY 10035
      View Details
    • Contact for pricing
      23,955 SF

      Prime Park Avenue Retail Space

      High-traffic retail space, multiple units available.
      1856 Park Avenue, New York, NY 10035
      View Details
    • Contact for pricing
      168,208 SF

      East River Plaza: Harlem Medical Office

      Prime Harlem medical space available. Large, flexible floorplans.
      0 Riv Plz, New York, NY 10035
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      84,768 SF

      East Harlem Commercial Property

      Prime Retail & Land Opportunity
      228 122Nd St, New York, NY 10035
      View Details
    • $1,250,000
      Pending

      East Harlem Mixed-Use Building

      Multi-use building in East Harlem with residential and commercial units.
      2056 Madison Ave, New York, NY 10035
      View Details
    • $4,380,000
      2,014 SF

      East Harlem Retail Development Site

      Development site in East Harlem with strong growth potential.
      2413 2Nd Ave, Manhattan, NY 10035
      View Details
    • $3,900,000
      26,080 SF

      East Harlem School Building

      Prime East Harlem location, 26,080 buildable SF.
      66 129Th St, New York, NY 10035
      View Details
    • $1,850,000

      Harlem Townhouse with Owner's Duplex

      Charming 3-family townhouse in Harlem with owner's duplex.
      429 E 118Th St, New York, NY 10035
      View Details
    • $505,000

      Harlem Two Bedroom Apartment

      Two bedroom apartment with dining area, terrace, and amenities.
      1919 Madison Ave, New York, NY 10035
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      35,624 SF

      Prime NYC Retail Space Available

      Upscale Fifth Avenue Retail, Multiple Units
      2033 5Th Ave, New York, NY 10035
      View Details
    • Contact for pricing
      7,500 SF

      Versatile Space Near Transportation

      25,000 SF available for lease near transportation.
      220-226 E 117Th St, New York, NY 10035
      View Details
    • Contact for pricing
      800 SF

      Retail Space in Harlem Corridor

      Retail opportunity in Harlem's premier retail corridor, starting at 700 SF.
      212 E 125Th St, New York, NY 10035
      View Details
    • $5,500 /Mo
      2,500 SF

      Retail Space with Open Floorplan

      Retail space featuring an open floor plan and high ceilings.
      508 E 117Th St, New York, NY 10035
      View Details
    • Contact for pricing
      23,955 SF

      Prime Park Avenue Retail Space

      High-traffic retail space, multiple units available.
      1856 Park Avenue, New York, NY 10035
      View Details
    • Contact for pricing
      168,208 SF

      East River Plaza: Harlem Medical Office

      Prime Harlem medical space available. Large, flexible floorplans.
      0 Riv Plz, New York, NY 10035
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2152 3Rd Ave
    New York, NY 10035
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.