Multi-Family Apartment
For Sale
Contact for pricing
114 West 137th Street, New York, NY 10030
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 Market163
Property Features for 114 West 137th Street
General Information
Standard status
Active
Size
13,511 SF
Property subtype
Multifamily
Zoning
R7-2
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$320,031
Site & Location
Neighborhood
Harlem
Building Details
Stories
5
Units
21
Tenancy
Multi
Listing Agency:
Invictus Property Advisors
Listed By:
Chase Kirkpatrick · License #10401366811
Source:
Crexi
Added: May 18
Changed: Oct 25
Last Checked: Oct 26 at 4:50PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$422,723
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,454,460
$8.5M
Cap Rate 7%
$6,038,900
$6.0M
Cap Rate 9%
$4,696,922
$4.7M
Market Conditions
NOI Build-Up for 13,511 SF
Gross rent
$809.0K $59.88/SF
− Vacancy
−$40.5K −$2.99/SF
EGI
$768.6K $56.89/SF
− OpEx
−$345.9K −$25.60/SF
NOI
$422.7K $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%
$8,454,460
Cap Rate 7%
$6,038,900
Cap Rate 9%
$4,696,922
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 authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
6,506
Businesses Nearby
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Business Placement
Demographics for 10030, NY
29,686
Population
14,602
Households
2
Avg Household Size
36
Median Age
35%
College-Educated
78%
High-School Grad
0.3 sq mi
ZIP Area
98,953
Density / Sq Mi
$42,738
Median Household Income
$37,388
Median Earnings
$1,204
Median Rent
$810,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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)
