Triplex Residential Income
For Sale
$1,199,000
11 W 131ST Street C1, Manhattan, NY 10037
Three-level condominium with private outdoor areas, flexible living space, and an in-unit washer/dryer.
Property Size1,746 SF
Price / SF$686.71
Days on Market179
Property Features for 11 W 131ST Street C1
General Information
Standard status
Active
Size
1,746 SF
Property subtype
Triplex
Taxes and HOA fees
Annual Taxes
$108
Building Details
Building Size
1,746 SF
Year Built
2005
Listing Agency:
Corcoran Group
Listed By:
Limor Nesher · License #40NE1029010 (NY)
(646) 319-6504
Source:
Carlinwright
Added: May 6
Changed: Oct 31
Last Checked: Oct 30 at 8:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Corcoran Group
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Investment Insights
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This 1,746 SqFt triplex garden condominium offers a three-bedroom, two-and-a-half-bath layout across multiple levels. The main floor includes living and dining areas, an open kitchen with stainless steel appliances, custom cabinetry, wine storage, pantry space, one bedroom, a full bathroom with a jet tub, custom closets, and an in-unit washer/dryer. A private gated courtyard provides the entry.
The upper level is configured as a primary suite with double-height ceilings, garden views, a private balcony, and an en-suite bathroom with double sinks and a rainfall shower. The lower level adds a flexible room, half bath, and access to a private garden courtyard. The condominium also includes shared garden space and is located at 11 W 131ST Street C1 in New York City, near Fifth Avenue, South Harlem restaurants and shopping, and the 125th Street corridor and subway hub.
The upper level is configured as a primary suite with double-height ceilings, garden views, a private balcony, and an en-suite bathroom with double sinks and a rainfall shower. The lower level adds a flexible room, half bath, and access to a private garden courtyard. The condominium also includes shared garden space and is located at 11 W 131ST Street C1 in New York City, near Fifth Avenue, South Harlem restaurants and shopping, and the 125th Street corridor and subway hub.
Key Highlights
- 1,746 SqFt triplex garden condominium
- Three bedrooms and 2.5 baths across multiple levels
- Private gated entry courtyard, balcony, and garden courtyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,628
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,092,560
$1.1M
Cap Rate 7%
$780,400
$780.4K
Cap Rate 9%
$606,978
$607.0K
Market Conditions
NOI Build-Up for 1,746 SF
Gross rent
$104.6K $59.88/SF
− Vacancy
−$5.2K −$2.99/SF
EGI
$99.3K $56.89/SF
− OpEx
−$44.7K −$25.60/SF
NOI
$54.6K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,092,560
Cap Rate 7%
$780,400
Cap Rate 9%
$606,978
Alternative Uses
Best Use
Apartment 5plus
$780.4K
$682.9K – $910.5K
NOI $54,628 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.35M
$3.80M – $5.07M
NOI $304,223 @ 7.0% cap · market cap 25.37%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
7,017
Businesses Nearby
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Business Placement
Demographics for 10037, NY
19,670
Population
11,218
Households
1.8
Avg Household Size
39
Median Age
43%
College-Educated
86%
High-School Grad
0.2 sq mi
ZIP Area
98,350
Density / Sq Mi
$51,250
Median Household Income
$54,349
Median Earnings
$1,406
Median Rent
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Frequently Asked Questions
What type of property is this?
Residential income property - Three-level condominium with private outdoor areas, flexible living space, and an in-unit washer/dryer.
Where is this residential income property located?
The property is located at 11 W 131ST Street C1 Manhattan, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 1,746 SqFt triplex garden condominium; Three bedrooms and 2.5 baths across multiple levels; Private gated entry courtyard, balcony, and garden courtyard
