Triplex Residential Income
For Sale
$1,199,000
11 W 131ST Street C1, New York City, 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 Market156
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 3
Last Checked: Oct 7 at 3:57PM
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
Investment Insights
Based on property information with market context.
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.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,017
Businesses Nearby
Explore this area
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 New York City, 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
