Two-Family Brownstone
New
For Sale
$3,125,000
26 E 126th St, New York, NY 10035
Five-floor residence with an owner’s triplex, separate garden duplex, private deck, and fenced rear garden.
Property Size4,058 SF
Lot Size0.04 Acres
Price / SF$651.04
Days on Market5
Property Features for 26 E 126th St
General Information
Standard status
Active
Size
4,058 SF
Lot size
0.04 Acres
Property subtype
Multi Family
Units
Unit Mix
4BR triplex, 1BR duplex
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$21,864
Building Details
Building Size
4,058 SF
Buildings
1
Stories
3
Units
2
Construction
brownstone
Listing Agency:
Compass
Listed By:
Carlos Alberto Garcia
(757) 435-0445
Source:
Elliman
Added: Sep 18
Changed: Sep 21
Last Checked: Sep 21 at 6:24AM
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 Compass
Investment Insights
Based on property information with market context.
This five-floor brownstone is configured as two residences: a four-bedroom owner’s triplex above a separate one-bedroom garden duplex. The property contains 4,800 gross square feet, 4,058 square feet of interior area, and 1,159 square feet of private outdoor space. Interior details include oak floors, crown moldings, a high-ceilinged parlor, custom kitchens, stainless steel appliances, multiple full bathrooms, a dedicated laundry area, and extensive storage. The owner’s residence also includes a primary suite, sitting room, walk-in closet, and private deck.
The lower residence has a living and dining area, open kitchen, bedroom, full bathroom, closets, recreation room, storage, and mechanical rooms. Outdoor space includes a 42-foot-deep fenced rear garden. The property is located on East 126th Street in Central Harlem, two blocks from Marcus Garvey Park and near the Apollo Theater, Studio Museum, and the 125th Street retail corridor. Walk Score is 98, Bike Score is 81, and Transit Score is 100.
The lower residence has a living and dining area, open kitchen, bedroom, full bathroom, closets, recreation room, storage, and mechanical rooms. Outdoor space includes a 42-foot-deep fenced rear garden. The property is located on East 126th Street in Central Harlem, two blocks from Marcus Garvey Park and near the Apollo Theater, Studio Museum, and the 125th Street retail corridor. Walk Score is 98, Bike Score is 81, and Transit Score is 100.
Key Highlights
- Two‑family layout with a four‑bedroom owner’s triplex and separate one‑bedroom garden duplex
- 4,800 gross square feet and 4,058 square feet of interior area
- 1,159 square feet of private outdoor space, including a parlor‑level deck and rear garden
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
$162,449
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
5.20%
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%
$3,248,980
$3.2M
Cap Rate 7%
$2,320,700
$2.3M
Cap Rate 9%
$1,804,989
$1.8M
Market Conditions
NOI Build-Up for 4,800 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
$244.8K $51.00/SF
− Vacancy
−$12.7K −$2.65/SF
EGI
$232.1K $48.35/SF
− OpEx
−$69.6K −$14.50/SF
NOI
$162.4K $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 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%
$3,248,980
Cap Rate 7%
$2,320,700
Cap Rate 9%
$1,804,989
Alternative Uses
Best Use
Multifamily LT 5
$2.32M
$2.03M – $2.71M
NOI $162,449 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$2.15M
$1.88M – $2.50M
NOI $150,179 @ 7.0% cap · market cap 4.81%
Theoretical Best
Specialty Retail
$11.95M
$10.45M – $13.94M
NOI $836,352 @ 7.0% cap · market cap 26.76%
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
8,050
Businesses Nearby
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Business Placement
Demographics for 10035, NY
35,980
Population
16,340
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
25,700
Density / Sq Mi
$40,556
Median Household Income
$44,042
Median Earnings
$1,283
Median Rent
$663,500
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?
Duplex - Five-floor residence with an owner’s triplex, separate garden duplex, private deck, and fenced rear garden.
Where is this duplex located?
The property is located at 26 E 126th St New York, NY.
What is the asking price?
The asking price for this property is $3,125,000.
What are key features of this property?
This property features: Two‑family layout with a four‑bedroom owner’s triplex and separate one‑bedroom garden duplex; 4,800 gross square feet and 4,058 square feet of interior area; 1,159 square feet of private outdoor space, including a parlor‑level deck and rear garden
