--- title: "2049 2nd Avenue, New York City, NY 10029" description: "2049 2nd Avenue, New York City, NY 10029 — Multi Family Home in East Harlem, Manhattan, NY. Listing Price $3,750,000. In contract 12/11/2025. 8 bed, 14 bath, 8,530 sqft Illustrative Buyer Commission Share of $56,250 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10029/2049-2nd-avenue-ny-10029" source: "Real Estate Rebate Team" status: "Pending" --- # 2049 2nd Avenue, New York City, NY 10029 Multi Family Home in East Harlem, Manhattan, NY Courtesy of Compass ## At a Glance - **Listing Price**: $3,750,000 - **Status**: In contract 12/11/2025 In Contract/Lease Signed indicates an offer has been made and accepted by the seller/landlord, with the deal pending completion. - **Beds**: 8 - **Baths**: 14 - **Sqft**: 8,530 - **Monthly Taxes**: $8,100 / mo - **Price per Sqft**: $440 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $3,750,000 - **Illustrative Buyer Commission Share**: -$56,250* - **Illustrative Net Cost**: $3,693,750 *Illustrative Buyer Savings of $56,250 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Photos (10) ![2049 2nd Avenue, New York City, NY 10029 — photo 1 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/a4c94dc9-6df8-47bf-a5c9-2e9ef02a9aa9.jpg) ![2049 2nd Avenue, New York City, NY 10029 — photo 2 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/95389bb9-37c5-4c3b-ac32-cc6be4a89960.jpg) ![2049 2nd Avenue, New York City, NY 10029 — photo 3 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/2779b715-a87f-4f92-aa60-2ac95d664f82.jpg) ![2049 2nd Avenue, New York City, NY 10029 — photo 4 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9a4acf1b-39d8-431c-9c1a-ee7737283787.jpg) ![2049 2nd Avenue, New York City, NY 10029 — photo 5 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/705b6b87-b43e-4e72-aa99-3254aab45c69.jpg) ![2049 2nd Avenue, New York City, NY 10029 — photo 6 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/037299a7-7d79-4f7c-91c2-5520584610d6.jpg) ![2049 2nd Avenue, New York City, NY 10029 — photo 7 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/14f1230e-869c-44f4-8db0-5b8f1bc206f5.jpg) ![2049 2nd Avenue, New York City, NY 10029 — photo 8 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/42f02ef4-3e34-45ba-99af-67986cfbac19.jpg) ![2049 2nd Avenue, New York City, NY 10029 — photo 9 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/189b87cf-875b-422c-8fbe-d62e18c89403.jpg) ![2049 2nd Avenue, New York City, NY 10029 — photo 10 of 10](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/ccdbdb24-0260-4a7b-a777-47e1e48b5fc6.jpg) ## Property Overview - 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) ## Property Details - **Property Type**: Multi Family - **Beds**: 8 - **Baths**: 14 - **Rooms**: 25 - **Sqft**: 8,530 sqft - **Stories**: 5 - **Year Built**: 1900 - **Price per Sqft**: $440 - **Monthly Taxes**: $8,100 / mo - **Listed On**: Jul 15, 2025 - **Days on Market**: 429 Days ### Residence Features - Wall Unit(s) - Baseboard - See Remarks - Dishwasher - Freezer - Gas Cooktop - Refrigerator - Stainless Steel Appliance(s) - Hardwood - Tile ## Estimated Monthly Payment **$27,062 / month**, assuming a 20% down payment ($750,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $18,962 - **Property Taxes**: $8,100 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### How this price compares - **This home**: $3,750,000 - **Median sold price**: $1,995,000 - **Difference**: +$1,755,000 (+88%) - **This home, $/ft²**: $440 - **Median $/ft²**: $517 - **Comparable sales**: 7 - **Sales from**: December 2021 – June 2026 - **Middle half of those sales**: $1,760,000 – $2,425,000 Based on house sales in East Harlem. A house is not part of a building of comparable apartments, so this benchmark is drawn from house sales across East Harlem. Apartment sales are excluded from it entirely. ### How these sales were negotiated - **Sale-to-list price**: 85.9% (5 sales) - **Sold below asking**: 100% (5 sales) - **Typical time to find a buyer**: 162 days (7 sales) - **Typical time to close**: 103 days (7 sales) Based on house sales in East Harlem with the required listing and closing data. Sample sizes vary by metric. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. Sales data through June 2026. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 2049 2nd Avenue](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/2049-2nd-avenue) ## Price and Property History for 2049 2nd Avenue Review the recorded listing activity for 2049 2nd Avenue, including asking-price changes and prior market dates. - **Entered contract**: December 11, 2025 | Date | Price | Listing event | | --- | --- | --- | | December 11, 2025 | $3,750,000 | Entered contract | | July 15, 2025 | $3,750,000 | Listed for sale by Compass | ## Property Tax History Taxes at 2049 2nd Avenue were $101,174 in 2026, up 4.1% from 2025. | Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate | | --- | --- | --- | --- | --- | --- | --- | | 2026 (FY 2026/27) | $899,550 | $51,300 | $848,250 | $809,392 | $101,174 | 12.5% (estimated) | | 2025 (FY 2025/26) | $874,800 | $51,300 | $823,500 | $777,543 | $97,193 | 12.5% (estimated) | | 2024 (FY 2024/25) | $763,650 | $51,300 | $712,350 | $763,650 | $95,456 | 12.5% | | 2023 (FY 2023/24) | $773,100 | $104,400 | $668,700 | $773,100 | $96,653 | 12.502% | | 2022 (FY 2022/23) | $841,950 | $104,400 | $737,550 | $837,450 | $102,730 | 12.267% | | 2021 (FY 2021/22) | $793,350 | $104,400 | $688,950 | $793,350 | $97,066 | 12.235% | | 2020 (FY 2020/21) | $905,400 | $104,400 | $801,000 | $803,070 | $98,513 | 12.267% | | 2019 (FY 2019/20) | $840,600 | $104,400 | $736,200 | $742,950 | $92,668 | 12.473% | | 2018 (FY 2018/19) | $805,950 | $104,400 | $701,550 | $686,250 | $86,550 | 12.612% | | 2017 (FY 2017/18) | $758,700 | $104,400 | $654,300 | $634,860 | $80,748 | 12.719% | | 2016 (FY 2016/17) | $704,700 | $104,400 | $600,300 | $586,440 | $75,604 | 12.892% | | 2015 (FY 2015/16) | $604,800 | $104,400 | $500,400 | $539,460 | $61,248 | 12.883% | | 2014 (FY 2014/15) | $557,100 | $104,400 | $452,700 | $506,880 | $49,814 | 12.855% | | 2013 (FY 2013/14) | $549,000 | $104,400 | $444,600 | $555,660 | $46,934 | 13.145% | | 2012 (FY 2012/13) | $516,600 | $104,400 | $412,200 | $541,260 | $37,452 | 13.181% | | 2011 (FY 2011/12) | $469,800 | $104,400 | $365,400 | $539,640 | $29,461 | 13.433% | | 2010 (FY 2010/11) | $441,900 | $104,400 | $337,500 | $545,580 | $29,549 | 13.353% | The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one. Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls. Figures are the New York City Department of Finance assessment roll for tax lot 1016550022. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change. [How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology) ## About The Building ### 2049 2nd Avenue 2049 2nd Avenue, New York, NY 10029 A building in the neighborhood, currently featuring 0 active listings. - **Year Built**: 1900 - **Active Units**: 0 - **Floors**: 5 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/2049-2nd-avenue) ### Available Residences — For Sale (1) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/manhattan/10029/2049-2nd-avenue-ny-10029) | 8 | 14 | 8,530 sqft | $440 | $3,750,000 — In contract | Compass | Jul 15, 2025 | 428 days | ## East Harlem Overview of East Harlem [Explore East Harlem](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-harlem) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby East Harlem - [Randall's Island real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/randall-s-island) - [Morningside Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/morningside-heights) - [Harlem real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/harlem) - [Central Park real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/central-park) ## Related Links - [2049 2nd Avenue — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/manhattan/2049-2nd-avenue) - [East Harlem neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/east-harlem) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.