Brownstone Multifamily with Finished
For Sale
Contact for pricing
145 West 94th Street, New York, NY 10025
Four-story, sprinklered 5-unit building with a finished cellar and modernized duplex configuration and studios.
Property Size4,400 SF
Lot Size0.04 Acres
Price / SF$1,090
Days on Market56
Property Features for 145 West 94th Street
General Information
Standard status
Active
Size
4,400 SF
Lot size
0.04 Acres
Property subtype
Multifamily
Zoning
R7-2
Additional Details
Sprinkler System
Yes
Multifamily Units
5
Building Details
Stories
4
Units
5
Tenancy
Multi
Listing Agency:
IPRG Investment Property Realty Group
Listed By:
Justin Zetichik · License #10401263680
Source:
Crexi
Added: Jun 17
Changed: Aug 7
Last Checked: Aug 10 at 1:49PM
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 IPRG Investment Property Realty Group
Investment Insights
Based on property information with market context.
This 4-story brownstone with a finished cellar is built on a 17 ft x 100.67 ft lot and configured as a legal 5-unit property. The building includes a 2,300 SF duplex with 4 bedrooms and 2.5 bathrooms, with backyard access from the garden and parlor levels, plus a finished basement offering recreational space. The 3rd and 4th floors each feature a 400 SF front studio, and a 600 SF one-bedroom unit in the rear. The property is sprinklered and described as well maintained, with each unit modernized in recent years.
Located on West 94th Street between Columbus and Amsterdam Avenue in Manhattan’s Upper West Side, the building is noted as not being in a historical district. The property is zoned R7-2 and includes approximately 2,223 square feet of additional air rights for redevelopment. It is also described as being steps away from Central Park and prime retail along Broadway and Columbus Avenue.
For investors and owner-operators, the asset offers multiple residential unit configurations across four floors, supported by a finished cellar and basement recreation space. Its modernized unit interiors and sprinklered construction are practical considerations for maintaining rental appeal, while the zoning and additional air rights provide an avenue for potential redevelopment planning within the existing R7-2 framework.
Located on West 94th Street between Columbus and Amsterdam Avenue in Manhattan’s Upper West Side, the building is noted as not being in a historical district. The property is zoned R7-2 and includes approximately 2,223 square feet of additional air rights for redevelopment. It is also described as being steps away from Central Park and prime retail along Broadway and Columbus Avenue.
For investors and owner-operators, the asset offers multiple residential unit configurations across four floors, supported by a finished cellar and basement recreation space. Its modernized unit interiors and sprinklered construction are practical considerations for maintaining rental appeal, while the zoning and additional air rights provide an avenue for potential redevelopment planning within the existing R7-2 framework.
Key Highlights
- Legal 5‑unit Upper West Side brownstone on West 94th St between Columbus and Amsterdam in Manhattan
- Total approx. 4,400 SF on a 17 ft x 100.67 ft lot; built approx. 17 ft x 48 ft with a 10 ft x 14 extension
- Zoned R7‑2 with approx. 2,223 SF of additional air rights for redevelopment; not in the historical district
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
$144,837
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
3.02%
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%
$2,896,740
$2.9M
Cap Rate 7%
$2,069,100
$2.1M
Cap Rate 9%
$1,609,300
$1.6M
Market Conditions
NOI Build-Up for 4,400 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
$277.2K $63.00/SF
− Vacancy
−$13.9K −$3.15/SF
EGI
$263.3K $59.85/SF
− OpEx
−$118.5K −$26.93/SF
NOI
$144.8K $32.92/SF
Area
ZIP 10025
Vacancy
5.00%
Lease Rate
$63.00 /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%
$2,896,740
Cap Rate 7%
$2,069,100
Cap Rate 9%
$1,609,300
Alternative Uses
Best Use
Apartment 5plus
$2.07M
$1.81M – $2.41M
NOI $144,837 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$17.38M
$15.21M – $20.28M
NOI $1,216,512 @ 7.0% cap · market cap 25.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
10,082
Businesses Nearby
Explore this area
Business Placement
Demographics for 10025, NY
95,424
Population
47,649
Households
2
Avg Household Size
41
Median Age
69%
College-Educated
92%
High-School Grad
0.9 sq mi
ZIP Area
106,027
Density / Sq Mi
$109,195
Median Household Income
$64,827
Median Earnings
$2,009
Median Rent
$1,125,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Four-story, sprinklered 5-unit building with a finished cellar and modernized duplex configuration and studios.
Where is this apartment building located?
The property is located at 145 West 94th Street New York, NY.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Legal 5‑unit Upper West Side brownstone on West 94th St between Columbus and Amsterdam in Manhattan; Total approx. 4,400 SF on a 17 ft x 100.67 ft lot; built approx. 17 ft x 48 ft with a 10 ft x 14 extension; Zoned R7‑2 with approx. 2,223 SF of additional air rights for redevelopment; not in the historical district
