Five-Story Mixed-Use
For Sale
$4,999,950
113 E 39th Street New York, Manhattan, NY 10016
Commercial Sale, New York (Manhattan), NY
Property Size6,055 SF
Price / SF$825.76
Days on Market772
Property Features for 113 E 39th Street New York
General Information
Property type
Commercial Sale
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
Forced Air, Natural Gas
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 · RE/MAX International
(929) 222-4200
Listed By:
Chintan Trivedi · License #996433
(917) 637-0161
Added: Aug 29, 2024
Changed: Oct 5
Last Checked: Oct 9 at 1:06PM
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 five-story mixed-use property contains 6,055 square feet and includes a full basement. The first floor is configured as office space, while the residential layout includes one floor-through apartment on the second floor, two two-bedroom apartments on the third floor, one two-bedroom apartment on the fourth floor, and a studio alongside another two-bedroom apartment on the fifth floor. Two rent-stabilized tenants are noted in the existing occupancy profile.
Located two blocks from Grand Central Terminal in Midtown Manhattan, the property is zoned R8B and has public water service. Building systems include forced-air heating with natural gas, window and wall/window cooling units, combination flooring, and a tankless water heater. Parking is listed as open and on-street. The building dates to 1900 and offers an existing combination of office and residential space.
Located two blocks from Grand Central Terminal in Midtown Manhattan, the property is zoned R8B and has public water service. Building systems include forced-air heating with natural gas, window and wall/window cooling units, combination flooring, and a tankless water heater. Parking is listed as open and on-street. The building dates to 1900 and offers an existing combination of office and residential space.
Key Highlights
- 6,055‑square‑foot mixed‑use building with a full basement
- Five‑story layout with office space on the 1st floor
- Residential mix includes floor‑through, two‑bedroom, and studio apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,003
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,860,060
$3.9M
Cap Rate 7%
$2,757,186
$2.8M
Cap Rate 9%
$2,144,478
$2.1M
Market Conditions
NOI Build-Up for 6,055 SF
Gross rent
$363.3K $60.00/SF
− Vacancy
−$54.5K −$9.00/SF
EGI
$308.8K $51.00/SF
− OpEx
−$115.8K −$19.13/SF
NOI
$193.0K $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%
$3,860,060
Cap Rate 7%
$2,757,186
Cap Rate 9%
$2,144,478
Alternative Uses
Best Use
Mixed Use
$2.76M
$2.41M – $3.22M
NOI $193,003 @ 7.0% cap · market cap 3.86%
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 authorities.
Property Analytics
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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
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines office space, apartments, a full basement, and residential units subject to rent stabilization.
Where is this mixed-use property 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.
What are key features of this property?
This property features: 6,055‑square‑foot mixed‑use building with a full basement; Five‑story layout with office space on the 1st floor; Residential mix includes floor‑through, two‑bedroom, and studio apartments
