Multi-Family Apartment
114 West 137th Street New York, NY 10030
For Sale
Contact for pricing
Multi-family building with 21 free-market apartment units and DHCR documentation available upon request.
Property Size13,511 SF
Price / SF$362.67
Days on Market67
Property Features for 114 West 137th Street
General Information
- Standard status
- Active
- Size
- 13,511 SF
- Property subtype
- Multifamily
Listing Agency:
Invictus Property Advisors
Listed By:
Chase Kirkpatrick · License #10401366811
Source:
Crexi
Added: May 18
Changed: Jul 22
Last Checked: Jul 22 at 8:40PM
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 Invictus Property Advisors
Investment Insights
Based on property information with market context.
This multi-family apartment building contains 21 free-market units. The property received an Order and Determination Letter from DHCR confirming the free market status of all 21 units, and the letter is available upon request.
The building is positioned in Upper Manhattan, near dining and shopping options. Transit access includes proximity to the 135th Street Subway station serving the 2 & 3 trains, and an additional 135th Street Subway station serving the B & C trains located a few blocks away.
Offered for sale as a residential income property, the building’s unit configuration is supported by DHCR documentation for all 21 free-market apartments.
The building is positioned in Upper Manhattan, near dining and shopping options. Transit access includes proximity to the 135th Street Subway station serving the 2 & 3 trains, and an additional 135th Street Subway station serving the B & C trains located a few blocks away.
Offered for sale as a residential income property, the building’s unit configuration is supported by DHCR documentation for all 21 free-market apartments.
Key Highlights
- Multi‑family building with 21 free‑market apartment units
- DHCR Order and Determination Letter confirms free market status for all 21 units (available upon request)
- Located just feet from the 135th Street Subway station (2 & 3 trains)
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 | $809.0k | $59.88 |
| − Vacancy | −$40.5k | −$2.99 |
| EGI | $768.6k | $56.89 |
| − OpEx | −$345.9k | −$25.60 |
| NOI | $422.7k | $31.29 |
13,511 SF · lease $59.88/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$6.04M
$5.28M – $7.05M
NOI $422,723 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$33.63M
$29.43M – $39.24M
NOI $2,354,157 @ 7.0% cap · market cap 48.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Multi-family building with 21 free-market apartment units and DHCR documentation available upon request.
Where is this apartment building located?
The property is located at 114 West 137th Street New York, NY.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Multi‑family building with 21 free‑market apartment units; DHCR Order and Determination Letter confirms free market status for all 21 units (available upon request); Located just feet from the 135th Street Subway station (2 & 3 trains)
