2049 2nd Avenue

Listed By CompassContract Signed
Listed By CompassContract Signed
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Contract Signed
$3,750,000
Est: $26,868/moGet pre-approved
8 beds8,530 sqft

2049 2nd Avenue, East Harlem, Manhattan, NY 10029

Building Info: 2049 2nd Ave, 5 stories, Built 1900

Description

- 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...- 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)
Multi FamilyProperty Type
0.06 acresLot Size
1900Year Built
$440/sq ftPrice per sq ft
Pets welcomePet policy
2% CompensationBuyer's Agent
Last updated: 10/14/2026 12:32 AM
97 days on Market
Listing Agent
  1. Jonathan Kramer

    Jonathan Kramer

    Listing Agent

    P: (516) 423-9581

    CallText

Amenities

2049 2nd Avenue

  • Hardwood Floors
  • Walk Up
  • Window AC Installed
  • Dishwasher
  • Stainless Steel Appliances
  • Pullman Kitchen
  • Open Kitchen
  • Galley Kitchen

Location

Add your commute
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$26,868 per month

Principal and Interest

$18,768

Property Taxes

$8,100

The Payment Calculator is for illustrative purposes only.
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Property information

2049 2nd Avenue

Property Details

  • Taxes: $8,100 / month
  • Min. Down Pymt: 25%

Building Information

  • Stories: 5
  • Residences: 13
  • Year Built: 1900
  • Building Size: 25' x 81'
  • Building Sq. Ft: 10,125 SF
  • Lot Size: 2,421 SF / 25' x 94'
  • Building Age: Pre-war

Property History

2049 2nd Avenue

DateEventPrice
Dec 10, 2025

Contract Signed

Manual

—
Oct 21, 2025

Contract Out

Manual

—
Jul 15, 2025

Listed (Active)

Manual

$3,750,000
DateEventPrice
12/10/2025

Contract Signed

Manual

—
10/21/2025

Contract Out

Manual

—
07/15/2025

Listed (Active)

Manual

$3,750,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

2049 2nd Avenue

Total Finished SqFt

9,200 SqFt

Lot Size

2,279 SqFt

Year Built

1900

Zoning

R9A

APN

1016550022

Schools

Near 2049 2nd Avenue

This home is within New York City Geographic District # 4.

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.

East Harlem
East Harlem
Historic Manhattan rich with cultural influences. East Harlem is a daily mix of cultural, historical, and artistic fusion. Newcomers from all walks and origins continue to shape the local food, culture, and commerce scene.
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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. ©2026 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 2026, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties. 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. ©2026 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.©2026 The Real Estate Board of New York, Inc., All rights reserved.