Three-Story SRO
For Sale
$1,500,000
127 W 126th Street New York, Manhattan, NY 10027
Most of the building is vacant, with one tenant still in occupancy.
Property Size2,499 SF
Price / SF$600.24
Days on Market63
Property Features for 127 W 126th Street New York
General Information
Standard status
Active
Size
2,499 SF
Property subtype
Commercial
Zoning
R7-2
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$21,690
Building Details
Building Size
2,499 SF
Year Built
1910
Stories
3
Listed By:
Gail Leone
(914) 723-8228
Source:
Clairedleone
Added: Aug 23
Changed: Oct 23
Last Checked: Oct 23 at 4:48PM
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 Gail Leone
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Investment Insights
Based on property information with market context.
This 2,499-square-foot, three-story SRO property was built in 1910 and is zoned R7-2. One tenant remains; the other units are vacant. The seller will pay outstanding violations at closing.
The property is in Central Harlem, near the 2/3 and A/B/C/D lines at 125th Street. No Certificate of No Harassment has been filed. There are no harassment complaints of record, and the seller holds letters from former tenants confirming they left in good standing. Buyers should verify CONH requirements and eligibility independently; the letters and complaint history do not replace the certificate.
The property is in Central Harlem, near the 2/3 and A/B/C/D lines at 125th Street. No Certificate of No Harassment has been filed. There are no harassment complaints of record, and the seller holds letters from former tenants confirming they left in good standing. Buyers should verify CONH requirements and eligibility independently; the letters and complaint history do not replace the certificate.
Key Highlights
- 2,499‑square‑foot, three‑story SRO building
- Built in 1910; zoned R7‑2
- One tenant remains; all other units are vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,187
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,563,740
$1.6M
Cap Rate 7%
$1,116,957
$1.1M
Cap Rate 9%
$868,744
$868.7K
Market Conditions
NOI Build-Up for 2,499 SF
Gross rent
$149.6K $59.88/SF
− Vacancy
−$7.5K −$2.99/SF
EGI
$142.2K $56.89/SF
− OpEx
−$64.0K −$25.60/SF
NOI
$78.2K $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%
$1,563,740
Cap Rate 7%
$1,116,957
Cap Rate 9%
$868,744
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$977.3K – $1.30M
NOI $78,187 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.22M
$5.44M – $7.26M
NOI $435,426 @ 7.0% cap · market cap 29.03%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
9,349
Businesses Nearby
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Business Placement
Demographics for 10027, NY
64,037
Population
28,038
Households
2.3
Avg Household Size
32
Median Age
52%
College-Educated
87%
High-School Grad
0.9 sq mi
ZIP Area
71,152
Density / Sq Mi
$64,220
Median Household Income
$44,231
Median Earnings
$1,609
Median Rent
$915,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Most of the building is vacant, with one tenant still in occupancy.
Where is this multifamily property located?
The property is located at 127 W 126th Street New York Manhattan, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 2,499‑square‑foot, three‑story SRO building; Built in 1910; zoned R7‑2; One tenant remains; all other units are vacant
