Full-Floor Residential Income
For Sale
$1,100,000
141 W 126TH Street 4A, New York City, NY 10027
Rented full-floor residence with two bedrooms, two baths, a terrace, and modernized interior finishes.
Property Size1,124 SF
Price / SF$978.65
Days on Market104
Property Features for 141 W 126TH Street 4A
General Information
Standard status
Active
Size
1,124 SF
Property subtype
Apartment
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
terrace
balcony
marble tile bathrooms
deep soaking tub
rain shower
recessed lighting
central AC
central heating
hardwood floors
in-unit washer and dryer
private storage room
high-end appliances
Building Details
Building Size
1,124 SF
Year Built
1910
Year Renovated
2015
Construction
brownstone
Listing Agency:
Douglas Elliman Real Estate
(212) 891-7065
Listed By:
Jessica E Levine · License #10301201005
(212) 891-7065
Source:
Miradorrealestate
Added: May 13
Changed: Aug 23
Last Checked: Aug 24 at 3:11PM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
Apartment 4A is a full-floor residential income property in a pre-war brownstone, offering 1124 SF with two bedrooms and two baths. The residence was renovated in 2015 and includes an open living and dining area, hardwood floors, recessed lighting, central AC and heating, and an in-unit washer and dryer. A private terrace, balcony access from both bedrooms, and a storage room add functional outdoor and supplemental space.
The property is located on West 126th Street in Harlem, near shopping on 125th Street, Trader Joe’s, Target, Whole Foods Market, restaurants along Lenox Avenue, Marcus Garvey Park, and the 2/3 express train. The residence is currently rented and offered for investors only.
The property is located on West 126th Street in Harlem, near shopping on 125th Street, Trader Joe’s, Target, Whole Foods Market, restaurants along Lenox Avenue, Marcus Garvey Park, and the 2/3 express train. The residence is currently rented and offered for investors only.
Key Highlights
- 1124 SF full‑floor apartment with two bedrooms and two baths
- Renovated in 2015 within a pre‑war brownstone built in 1910
- Private terrace and balcony access from both bedrooms
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
$35,167
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
3.20%
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%
$703,340
$703.3K
Cap Rate 7%
$502,386
$502.4K
Cap Rate 9%
$390,744
$390.7K
Market Conditions
NOI Build-Up for 1,124 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
$67.3K $59.88/SF
− Vacancy
−$3.4K −$2.99/SF
EGI
$63.9K $56.89/SF
− OpEx
−$28.8K −$25.60/SF
NOI
$35.2K $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 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%
$703,340
Cap Rate 7%
$502,386
Cap Rate 9%
$390,744
Alternative Uses
Best Use
Apartment 5plus
$502.4K
$439.6K – $586.1K
NOI $35,167 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.80M
$2.45M – $3.26M
NOI $195,846 @ 7.0% cap · market cap 17.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
9,349
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Rented full-floor residence with two bedrooms, two baths, a terrace, and modernized interior finishes.
Where is this residential income property located?
The property is located at 141 W 126TH Street 4A New York City, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 1124 SF full‑floor apartment with two bedrooms and two baths; Renovated in 2015 within a pre‑war brownstone built in 1910; Private terrace and balcony access from both bedrooms
