Triplex with Private
For Sale
$2,200,000
1451 5TH Avenue 3FAM, New York City, NY 10035
Four-story residence with multiple apartments, private outdoor areas, and a parking space in Manhattan.
Property Size3,600 SF
Price / SF$611.11
Days on Market49
Property Features for 1451 5TH Avenue 3FAM
General Information
Standard status
Active
Size
3,600 SF
Total Parking Spaces
1
Property subtype
Duplex
Units
Unit Mix
2 x 2BR/1BA, 1 x 3BR/1.5BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Amenities
private rear yard
private deck
hardwood flooring
dishwashers
in-unit washer/dryer
renovated kitchens
Building Details
Year Built
2000
Buildings
1
Stories
4
Listing Agency:
City Sphere
Listed By:
Sofia Corradini
(917) 515-0353
Source:
Carlinwright
Added: Aug 28
Changed: Oct 10
Last Checked: Oct 13 at 12:37AM
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 City Sphere
Investment Insights
Based on property information with market context.
This four-story, 20-foot-wide townhouse is arranged as a legal three-family residence with approximately 3,600 square feet, 7 bedrooms, and 4 bathrooms. The property contains a renovated two-bedroom apartment with a private rear yard, a three-bedroom owner’s duplex with a deck and parking access, and a renovated two-bedroom apartment on the top floor. Features include hardwood flooring, updated kitchens, dishwashers, and in-unit laundry. The home was constructed in 2001 according to the public remarks, while the recorded YearBuilt field states 2000; the conflicting year is omitted from the listing summary.
The property is located in South Harlem between Central Park and Marcus Garvey Park, near Mount Sinai Hospital, Columbia University, neighborhood restaurants, cafés, cultural institutions, museums, and shopping. Transit access includes the 2, 3, 4, 5, and 6 subway lines, the M1 bus across the street, nearby M2, M3, and M4 service, and Metro-North access at 125th Street.
The property is located in South Harlem between Central Park and Marcus Garvey Park, near Mount Sinai Hospital, Columbia University, neighborhood restaurants, cafés, cultural institutions, museums, and shopping. Transit access includes the 2, 3, 4, 5, and 6 subway lines, the M1 bus across the street, nearby M2, M3, and M4 service, and Metro-North access at 125th Street.
Key Highlights
- Legal three‑family configuration in a 20‑foot‑wide, four‑story townhouse
- Approximately 3,600 square feet with 7 bedrooms and 4 bathrooms
- Private parking space plus a rear yard and deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,837
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,436,740
$2.4M
Cap Rate 7%
$1,740,529
$1.7M
Cap Rate 9%
$1,353,744
$1.4M
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$183.6K $51.00/SF
− Vacancy
−$9.5K −$2.65/SF
EGI
$174.1K $48.35/SF
− OpEx
−$52.2K −$14.50/SF
NOI
$121.8K $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 Rate 5%
$2,436,740
Cap Rate 7%
$1,740,529
Cap Rate 9%
$1,353,744
Alternative Uses
Best Use
Multifamily LT 5
$1.74M
$1.52M – $2.03M
NOI $121,837 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$1.61M
$1.41M – $1.88M
NOI $112,634 @ 7.0% cap · market cap 5.12%
Theoretical Best
Specialty Retail
$8.96M
$7.84M – $10.45M
NOI $627,264 @ 7.0% cap · market cap 28.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
8,504
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?
Triplex - Four-story residence with multiple apartments, private outdoor areas, and a parking space in Manhattan.
Where is this triplex located?
The property is located at 1451 5TH Avenue 3FAM New York City, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Legal three‑family configuration in a 20‑foot‑wide, four‑story townhouse; Approximately 3,600 square feet with 7 bedrooms and 4 bathrooms; Private parking space plus a rear yard and deck
