Brick Triplex
For Sale
$2,375,000
115 W 117th Street New York, Manhattan, NY 10026
Three apartments include a duplex owner’s residence, a two-bedroom unit, and a studio.
Property Size3,201 SF
Days on Market174
Property Features for 115 W 117th Street New York
General Information
Standard status
Active
Size
3,201 SF
Property subtype
Triplex
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$18,118
Amenities
private backyard
laundry room
storage
Building Details
Building Size
3,201 SF
Year Built
2004
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Nest Seekers LLC
Listed By:
Michael George
(914) 768-3470
Source:
Serhant
Added: May 11
Changed: Oct 31
Last Checked: Oct 30 at 9:18PM
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 Nest Seekers LLC
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Investment Insights
Based on property information with market context.
Located at 115 W 117th Street in New York City’s Historic District of Harlem, this 3,201-square-foot brick triplex townhouse was built in 2004. The street-level owner’s duplex includes an open kitchen with stainless steel appliances and a breakfast nook, two bedrooms, a full bath, and an upstairs primary bedroom with an ensuite bath. The basement adds high ceilings, finished floors, a bathroom, laundry room, storage, mechanical room, and separate front and rear access to a private backyard.
Two additional apartments complete the property: one two-bedroom unit and one studio. The home is positioned near Whole Foods, Trader Joe’s, the Apollo Theater, the Schomburg Center, the Studio Museum, Mount Morris Park, restaurants, coffee shops, boutiques, markets, theaters, museums, buses, and trains.
Two additional apartments complete the property: one two-bedroom unit and one studio. The home is positioned near Whole Foods, Trader Joe’s, the Apollo Theater, the Schomburg Center, the Studio Museum, Mount Morris Park, restaurants, coffee shops, boutiques, markets, theaters, museums, buses, and trains.
Key Highlights
- 3,201‑square‑foot brick triplex townhouse in Harlem’s Historic District
- Built in 2004 with three apartments: owner’s duplex, two‑bedroom unit, and studio
- Owner’s duplex includes two bedrooms, two full baths, open kitchen, and breakfast nook
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,333
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,166,660
$2.2M
Cap Rate 7%
$1,547,614
$1.5M
Cap Rate 9%
$1,203,700
$1.2M
Market Conditions
NOI Build-Up for 3,201 SF
Gross rent
$163.3K $51.00/SF
− Vacancy
−$8.5K −$2.65/SF
EGI
$154.8K $48.35/SF
− OpEx
−$46.4K −$14.50/SF
NOI
$108.3K $33.84/SF
Area
New York, NY
Vacancy
5.20%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,166,660
Cap Rate 7%
$1,547,614
Cap Rate 9%
$1,203,700
Alternative Uses
Best Use
Multifamily LT 5
$1.55M
$1.35M – $1.81M
NOI $108,333 @ 7.0% cap · market cap 4.56%
Second Best
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,151 @ 7.0% cap · market cap 4.22%
Theoretical Best
Specialty Retail
$7.97M
$6.97M – $9.30M
NOI $557,742 @ 7.0% cap · market cap 23.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
9,010
Businesses Nearby
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Business Placement
Demographics for 10026, NY
35,644
Population
17,648
Households
2
Avg Household Size
37
Median Age
54%
College-Educated
90%
High-School Grad
0.4 sq mi
ZIP Area
89,110
Density / Sq Mi
$74,140
Median Household Income
$56,919
Median Earnings
$1,546
Median Rent
$1,014,100
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
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments include a duplex owner’s residence, a two-bedroom unit, and a studio.
Where is this triplex located?
The property is located at 115 W 117th Street New York Manhattan, NY.
What is the asking price?
The asking price for this property is $2,375,000.
What are key features of this property?
This property features: 3,201‑square‑foot brick triplex townhouse in Harlem’s Historic District; Built in 2004 with three apartments: owner’s duplex, two‑bedroom unit, and studio; Owner’s duplex includes two bedrooms, two full baths, open kitchen, and breakfast nook
