Gut-Renovated Two-Family Limestone
For Sale
$1,600,000
Pending
133 W 136th Street, New York City, NY 10030
6-level gut-renovated two-family limestone townhouse with two triplex apartments and private outdoor space.
Property Size4,548 SF
Days on Market81
Property Features for 133 W 136th Street
General Information
Standard status
Pending
Size
4,548 SF
Property subtype
Triplex
Units
Unit Mix
1 x 3BR/4BA (2,700 SF), 1 x 3BR/3BA (1,500 SF)
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$17,604
Amenities
private garden
porch
private terrace
roof deck
finished basement
original fireplace
central A/C
in-unit washer/dryer
high-end open kitchens
en-suite baths
walk-in closets
soaring ceilings
Building Details
Year Built
1900
Buildings
1
Stories
6
Construction
brick and carved limestone
Listing Agency:
DALLAL GROUP LLC
Listed By:
Michael Dallal
(516) 673-7155
Source:
Howardhannanyc
Added: Jul 6
Changed: Sep 19
Last Checked: Sep 22 at 8:27PM
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 DALLAL GROUP LLC
Investment Insights
Based on property information with market context.
Gut-renovated two-family limestone townhouse on a 6-level brick-and-carved limestone building with approximately 4,548 SF gross. The layout features two triplex apartments, each with private outdoor space on multiple levels, in-unit washer/dryer, individual central A/C, and en-suite baths in every bedroom.
Unit 1 is an owner’s triplex with 3 bedrooms plus den and a finished basement, totaling approximately 2,700 SF. It includes a private vestibule, a parlor floor with 12' ceilings and an original fireplace, a ground-floor bedroom opening to a quiet private garden, and two additional en-suite bedrooms with generous walk-in closets. The finished windowed basement has below-stoop entry and can support a home office, studio, or guest suite.
Unit 2 is an income triplex with 3 bedrooms and 3 baths, totaling approximately 1,500 SF. A private entrance opens to an open chef’s kitchen and living/dining area, with two en-suite bedrooms on the next level and a private roof deck with open sky views. N/S/W exposures fill every room with natural light, and outdoor spaces include a garden, bottom porch, and a private master terrace. Two blocks to the A/B/C/2/3, about 15 minutes to Midtown. Built in 1900.
Unit 1 is an owner’s triplex with 3 bedrooms plus den and a finished basement, totaling approximately 2,700 SF. It includes a private vestibule, a parlor floor with 12' ceilings and an original fireplace, a ground-floor bedroom opening to a quiet private garden, and two additional en-suite bedrooms with generous walk-in closets. The finished windowed basement has below-stoop entry and can support a home office, studio, or guest suite.
Unit 2 is an income triplex with 3 bedrooms and 3 baths, totaling approximately 1,500 SF. A private entrance opens to an open chef’s kitchen and living/dining area, with two en-suite bedrooms on the next level and a private roof deck with open sky views. N/S/W exposures fill every room with natural light, and outdoor spaces include a garden, bottom porch, and a private master terrace. Two blocks to the A/B/C/2/3, about 15 minutes to Midtown. Built in 1900.
Key Highlights
- 6‑level brick‑and‑carved limestone two‑family townhouse with ~4,548 SF gross
- Two triplex apartments with private outdoor space on multiple levels
- Unit 1 owner’s triplex: ~2,700 SF, 12' ceilings, original fireplace, finished windowed basement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$142,295
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,845,900
$2.8M
Cap Rate 7%
$2,032,786
$2.0M
Cap Rate 9%
$1,581,056
$1.6M
Market Conditions
NOI Build-Up for 4,548 SF
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.
Gross rent
$272.3K $59.88/SF
− Vacancy
−$13.6K −$2.99/SF
EGI
$258.7K $56.89/SF
− OpEx
−$116.4K −$25.60/SF
NOI
$142.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,845,900
Cap Rate 7%
$2,032,786
Cap Rate 9%
$1,581,056
Alternative Uses
Best Use
Apartment 5plus
$2.03M
$1.78M – $2.37M
NOI $142,295 @ 7.0% cap · market cap 8.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.32M
$9.91M – $13.21M
NOI $792,444 @ 7.0% cap · market cap 49.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,506
Businesses Nearby
Explore this area
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
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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 - 6-level gut-renovated two-family limestone townhouse with two triplex apartments and private outdoor space.
Where is this apartment building located?
The property is located at 133 W 136th Street New York City, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 6‑level brick‑and‑carved limestone two‑family townhouse with ~4,548 SF gross; Two triplex apartments with private outdoor space on multiple levels; Unit 1 owner’s triplex: ~2,700 SF, 12' ceilings, original fireplace, finished windowed basement
