Renaissance Revival Townhouse with
For Sale
$4,350,000
Pending
117 W 75th St TWNH, New York, NY 10023
Five-story townhouse with 12 apartments, many delivered vacant.
Property Size6,930 SF
Days on Market211
Property Features for 117 W 75th St TWNH
General Information
Standard status
Pending
Size
6,930 SF
Property subtype
Multi Family
Building Details
Building Size
6,930 SF
Year Built
1890
Units
14
Listed By:
Fred Williams
(212) 606-7737
Source:
Elliman
Added: Mar 12
Changed: Oct 8
Last Checked: Oct 7 at 2:18PM
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 Fred Williams
Investment Insights
Based on property information with market context.
Constructed in 1890-91 as part of a five-rowhouse development by Breen and Nason, and designed by A. B. Ogden & Son, this five-story townhouse features a Renaissance Revival brownstone facade with a rusticated base and a bowed window on the third floor. Located on a tree-lined townhouse block, the 20-foot wide building contains approximately 5,850 square feet, excluding the full basement. The property is configured as 12 apartments, with ten to be delivered vacant. The remaining two units are occupied by free-market, month-to-month tenants. The house is exempt from certificate of no harassment requirements. The property offers the opportunity for conversion to a single-family residence or a live-with-income arrangement. The two ground floor units are currently owner-occupied and combined into a single two-bedroom, two-bathroom garden apartment. Features include a landscaped garden, a fourth-floor terrace, and a full basement. The property has been meticulously maintained by the same family for over five decades and is in excellent condition.
Key Highlights
- Prime location on a tree‑lined townhouse block.
- Significant conversion potential: opportunity to convert to a single‑family residence or live with income.
- Delivered with ten vacant apartments, providing immediate income or renovation potential.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$183,784
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,675,680
$3.7M
Cap Rate 7%
$2,625,486
$2.6M
Cap Rate 9%
$2,042,044
$2.0M
Market Conditions
NOI Build-Up for 5,850 SF
Gross rent
$351.0K $60.00/SF
− Vacancy
−$16.8K −$2.88/SF
EGI
$334.2K $57.12/SF
− OpEx
−$150.4K −$25.70/SF
NOI
$183.8K $31.42/SF
Area
ZIP 10023
Vacancy
4.80%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,675,680
Cap Rate 7%
$2,625,486
Cap Rate 9%
$2,042,044
Alternative Uses
Best Use
Apartment 5plus
$2.63M
$2.30M – $3.06M
NOI $183,784 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.16M
$3.64M – $4.85M
NOI $291,157 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
11,893
Businesses Nearby
Explore this area
Business Placement
Demographics for 10023, NY
71,164
Population
46,272
Households
1.5
Avg Household Size
42
Median Age
84%
College-Educated
98%
High-School Grad
1.0 sq mi
ZIP Area
71,164
Density / Sq Mi
$157,866
Median Household Income
$109,508
Median Earnings
$3,050
Median Rent
$1,401,800
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?
Apartment building - Five-story townhouse with 12 apartments, many delivered vacant.
Where is this apartment building located?
The property is located at 117 W 75th St TWNH New York, NY.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: Prime location on a tree‑lined townhouse block.; Significant conversion potential: opportunity to convert to a single‑family residence or live with income.; Delivered with ten vacant apartments, providing immediate income or renovation potential.
