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2nd Ave Harlem Portfolio for Sale
New York, NY East Harlem

$35,000,000 USD

Portfolio For Sale  •  62,800 SF

6 Properties View all

Property Details

• Property Type Unknown
• Cap Rate 5.77 %

100 Transit Score

100 Walk Score

Highlights

115,700 SF Developable Air Rights

160 new residential units can be developed

The site benefits from the QAH density bonus, the ITZ, and the upcoming Second Avenue Subway extension

$2,020,055 NOI

Entire block on 2nd Ave in Harlem

Property Flyers

1968-1982 2nd Avenue, East Harlem, New York, NY

Financial Summary (Actual)

Net Operating Income: $2,020,054 USD (2024)

Cap Rate:	5.77 %
Total Expenses:	$1,183,716 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Harlem-125Th Street Station (Harlem Line - Metro-North Commuter Railroad Company (Metro-North), Hudson Line - Metro-North Commuter Railroad Company (Metro-North), New Haven Line - Metro-North Commuter Railroad Company (Metro-North))	4 min	-	1.8 mi
Yankees-E 153Rd Street Station (Hudson Line - Metro-North Commuter Railroad Company (Metro-North))	8 min	-	3.8 mi
Transit/Subway	Drive	Walk	Distance
96 St (Broadway Express - MTA New York City Transit, Broadway Local - MTA New York City Transit)	1 min	5 min	0.3 mi
103 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway))	2 min	6 min	0.3 mi
96 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway))	2 min	9 min	0.5 mi
110 Street (4,6 Line) (4 - New York MTA Subway (The Subway), 6 - New York MTA Subway (The Subway))	3 min	12 min	0.7 mi
86 St (Broadway Express - MTA New York City Transit, Broadway Local - MTA New York City Transit)	3 min	15 min	0.8 mi
Airport	Drive	Walk	Distance
LaGuardia	16 min	-	7.3 mi
Newark Liberty International	29 min	-	18.4 mi
John F Kennedy International	29 min	-	18.5 mi