2049 2nd Avenue
Description
- 12 Residential Units above a Commercial Space (currently being occupied by a Mexican Restaurant paying over $130k/annually btwn base rent, tax contribution, and utility reimbursements)
- Residential Apts. consist of 3 different layouts with 4 identical units each: studio alcove, one-bedroom, and one-bedroom with home office
- Perfect time to invest in this...- Mixed-Use Free-Market Investment Property FOR SALE in the heart of vibrant East Harlem on the Northwest Corner of East 105th Street & 2nd Avenue
- 12 Residential Units above a Commercial Space (currently being occupied by a Mexican Restaurant paying over $130k/annually btwn base rent, tax contribution, and utility reimbursements)
- Residential Apts. consist of 3 different layouts with 4 identical units each: studio alcove, one-bedroom, and one-bedroom with home office
- Perfect time to invest in this neighborhood is now since the upcoming 2nd Avenue subway extension up to 125th Street will make this property explode & gentrify twofold
- Live-In Super and carefully maintained throughout the years
- Recent improvements within the last 4 years include: (1) boiler upgrades (2) roof replacement & waterproofing (3) lobby & hallway renovations (new tile floors & complete re-painting of metal pan stairs, apt entry doors, ceilings & walls) (4) new lighting (5) new kitchens, baths, & refinished oak floors inside of select units (6) new EIFS/Stucco & Waterproofing facade system on side & rear (7) brick repointing & power-washing
- this building also underwent an Alteration Type I Permit in 2022 for the removal of lot line windows to make ready for new 25k buildable adjacent development site (also owned by same seller on the market and willing to do a package deal for both building & lot). Inquire with listing broker
- With over $260K NOI, an asking cap rate of approx. 7%, and recent improvements done over the last 4 years this is turnkey to the new investor making it priced to sell
- Setup sheet available upon request depicting gross rent roll, operating expenses, and net income
- Seller also has the adjacent development site at 2047 for sale with approx. 25k buildable including air rights from this building and willing to do a package deal (further information available upon request)
Amenities
- Hardwood Floors
- Walk Up
- Window AC Installed
- Dishwasher
- Stainless Steel Appliances
- Pullman Kitchen
- Open Kitchen
- Galley Kitchen
Property Details for 2049 2nd Avenue
| Status | Contract Signed |
|---|---|
| Days on Market | 97 |
| Taxes | $8,100 / month |
| Maintenance | - |
| Min. Down Pymt | 25% |
| Total Rooms | 25.0 |
| Compass Type | Multi Family |
| MLS Type | - |
| Year Built | 1900 |
| Lot Size | 2,421 SF / 49' x 94' |
| County | New York County |
| Buyer's Agent Compensation | 2% |
Building
2049 2nd Ave
Location
Building Information for 2049 2nd Avenue
Payment Calculator
$25,472 per month
30 year fixed, 6.28% Interest
$17,372
$8,100
$0
Property History for 2049 2nd Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Dec 10, 2025 | Contract Signed Manual | — | |
| Oct 21, 2025 | Contract Out Manual | — | |
| Jul 15, 2025 | Listed (Active) Manual | $3,750,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 12/10/2025 | Contract Signed Manual | — |
| 10/21/2025 | Contract Out Manual | — |
| 07/15/2025 | Listed (Active) Manual | $3,750,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2049 2nd Avenue
Schools near 2049 2nd Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 8 |
Rating | School | Distance |
|---|---|---|
P.S. 38 Roberto Clemente PublicPK to 5 | ||
Isaac Newton Ms For Math And Science Public6 to 8 | ||
Park East High School Public9 to 12 | ||
TAG Young Scholars PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2025, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2025 The Real Estate Board of New York, Inc., All rights reserved.