Mixed-Use Apartment
113 E 39th Street, New York, NY 10016
For Sale
$4,999,950
Upper floors include four two-bedroom apartments and a studio, with office space on the ground floor.
Property Size6,005 SF
Price / SF$832.63
Days on Market20
Property Features for 113 E 39th Street
General Information
Standard status
Size
Zoning
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
Full
Combination
Yes
Public
No
On Street, Other, Open
Other
6005
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
(516) 703-2918
Listed By:
Louis LaDonna
Source:
Hedgestonehomes
Added: Oct 21
Changed: Nov 9
Last Checked: Nov 9 at 8:42AM
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 Louis LaDonna
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Investment Insights
Based on property information with market context.
This five-story mixed-use building, constructed in 1900, combines office space on the first floor with residential units above and a full basement. The second floor contains a floor-through apartment; the third has two two-bedroom apartments; and the fourth has one two-bedroom apartment. On the fifth floor are a studio and another two-bedroom apartment. The property is zoned R8B.
At 113 E 39th Street in Midtown Manhattan, the building is two blocks from Grand Central Terminal. The ownership structure can be arranged with a triple-net lease, with the owner leasing the lower two floors while a buyer assumes the apartments above, or the property can be delivered vacant except for two rent-stabilized tenants.
At 113 E 39th Street in Midtown Manhattan, the building is two blocks from Grand Central Terminal. The ownership structure can be arranged with a triple-net lease, with the owner leasing the lower two floors while a buyer assumes the apartments above, or the property can be delivered vacant except for two rent-stabilized tenants.
Key Highlights
- Five‑story mixed‑use building constructed in 1900
- First‑floor office space and a full basement
- Four two‑bedroom apartments, one studio, and a floor‑through apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$191,409
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,828,180
$3.8M
Cap Rate 7%
$2,734,414
$2.7M
Cap Rate 9%
$2,126,767
$2.1M
Market Conditions
NOI Build-Up for 6,005 SF
Gross rent
$360.3K $60.00/SF
− Vacancy
−$54.0K −$9.00/SF
EGI
$306.3K $51.00/SF
− OpEx
−$114.8K −$19.13/SF
NOI
$191.4K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,828,180
Cap Rate 7%
$2,734,414
Cap Rate 9%
$2,126,767
Alternative Uses
Best Use
Mixed Use
$2.73M
$2.39M – $3.19M
NOI $191,409 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$2.68M
$2.35M – $3.13M
NOI $187,880 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$4.20M
$3.67M – $4.90M
NOI $293,876 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
79,335
Businesses Nearby
Explore this area
Business Placement
Demographics for 10016, NY
62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in New York, NY
Properties on Market for Mixed-use properties in New York
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Upper floors include four two-bedroom apartments and a studio, with office space on the ground floor.
Where is this mixed-use property located?
The property is located at 113 E 39th Street New York, NY.
What is the asking price?
The asking price for this property is $4,999,950.
What are key features of this property?
This property features: Five‑story mixed‑use building constructed in 1900; First‑floor office space and a full basement; Four two‑bedroom apartments, one studio, and a floor‑through apartment
