Mixed-Use Multi-Family
113 E 39th Street New York Manhattan, NY 10016
113 E 39th Street New York, Manhattan, NY, 10016
$4,999,950
For Sale
$4,999,950
MULTI_FAMILY - New York (Manhattan), NY
Property Size6,055 SF
Price / SF$825.76
Days on Market694
Property Features for 113 E 39th Street New York
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R8B
- Rooms
- Basement
- Parking features
- Open, On Street
- Basement
- Full
- Appliances
- Tankless Water Heater
- Standard status
- Active
- APN
- 0895-0012
Utilities
- Utilities
- Water Available
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 5
- Number of units
- 8
- Flooring type
- Combination
Listing agency
RE/MAX In The City
(929) 222-4200
Listed by
Chintan Trivedi · License #10311203986
(917) 637-0161
Added: Aug 29, 2024 Updated: Jul 18 at 3:14AM Checked: Jul 22 at 11:06PM
MLS# H6324022
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use multi-family building offers a combination of office and residential space across multiple levels. The full basement and 1st floor are configured as office space, while the upper floors contain apartments in several layouts. The 2nd floor is described as a one-floor-through apartment, the 3rd floor includes two two-bedroom apartments, the 4th floor includes one two-bedroom apartment, and the 5th floor includes one studio unit and one two-bedroom apartment. The 5th-floor studio is occupied and identified as rent-stabilized.
The property is listed as zoned R8B and is described as being in Midtown Manhattan, approximately two blocks from Grand Central Terminal.
The offering also references flexibility for how the building can be delivered and occupied, including an option where the lower floors are retained by an owner and the upper apartments are taken over by a buyer, as well as an option for the upper apartments to be delivered empty with the exception of the rent-stabilized tenants.
The property is listed as zoned R8B and is described as being in Midtown Manhattan, approximately two blocks from Grand Central Terminal.
The offering also references flexibility for how the building can be delivered and occupied, including an option where the lower floors are retained by an owner and the upper apartments are taken over by a buyer, as well as an option for the upper apartments to be delivered empty with the exception of the rent-stabilized tenants.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $362.6k | $59.88 |
| − Vacancy | −$18.1k | −$2.99 |
| EGI | $344.4k | $56.89 |
| − OpEx | −$155.0k | −$25.60 |
| NOI | $189.4k | $31.29 |
6,055 SF · lease $59.88/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Office B
$2.71M
$2.37M – $3.16M
NOI $189,598 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$2.71M
$2.37M – $3.16M
NOI $189,445 @ 7.0% cap · market cap 3.79%
Theoretical Best
Specialty Retail
$15.07M
$13.19M – $17.58M
NOI $1,055,023 @ 7.0% cap · market cap 21.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lexington Foot Ankle ...
Medical Clinic
Kenia Capellan
Physician
Bell Vanessa M
Medical Clinic
Lexington Plastic Surgeons
Medical Clinic
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FAQs
What type of property is this?
Apartment building - Building includes office space on the first floor and multiple residential units on upper floors, with two rent-stabilized tenants.
Where is this apartment building located?
The property is located at 113 E 39th Street New York Manhattan, NY.
What is the asking price?
The asking price for this property is $4,999,950.
