3-Unit
15 W 131st Street, New York City, NY 10037
For Sale
$1,950,000
The layout pairs an owner’s two-bedroom duplex with two one-bedroom apartments, each separately metered.
Property Size3,000 SF
Price / SF$650
Days on Market92
Property Features for 15 W 131st Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
shared laundry
landscaped backyard
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Compass
Listed By:
Benjamin A Gernandt · License #30GE0896471
(347) 385-2699
Source:
Irynaferenets
Added: Aug 10
Changed: Nov 7
Last Checked: Nov 8 at 8:00PM
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
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Investment Insights
Based on property information with market context.
This 3,000-square-foot townhouse dates to 1910 and contains three residences: a two-bedroom duplex and two one-bedroom, floor-through apartments. Renovated interiors include modern kitchens with dishwashers and updated bathrooms. Oversized windows bring in natural light, while high ceilings add volume. Building systems were replaced in 2010, and the property has separate utility metering, shared laundry, and a landscaped rear yard. A J-51 tax abatement is currently in place.
The property is in Harlem, close to Whole Foods, Red Rooster, Sylvia’s, the Apollo Theater, and the 125th Street corridor. Nearby subway service includes the A, B, C, and D lines, as well as the 2 and 3.
The property is in Harlem, close to Whole Foods, Red Rooster, Sylvia’s, the Apollo Theater, and the 125th Street corridor. Nearby subway service includes the A, B, C, and D lines, as well as the 2 and 3.
Key Highlights
- 3,000‑square‑foot building with three residences
- Two‑bedroom duplex plus two floor‑through one‑bedroom apartments
- J‑51 tax abatement currently in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,531
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,030,620
$2.0M
Cap Rate 7%
$1,450,443
$1.5M
Cap Rate 9%
$1,128,122
$1.1M
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$153.0K $51.00/SF
− Vacancy
−$8.0K −$2.65/SF
EGI
$145.0K $48.35/SF
− OpEx
−$43.5K −$14.50/SF
NOI
$101.5K $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%
$2,030,620
Cap Rate 7%
$1,450,443
Cap Rate 9%
$1,128,122
Alternative Uses
Best Use
Multifamily LT 5
$1.45M
$1.27M – $1.69M
NOI $101,531 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$1.34M
$1.17M – $1.56M
NOI $93,862 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $146,815 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
7,017
Businesses Nearby
Explore this area
Business Placement
Demographics for 10037, NY
19,670
Population
11,218
Households
1.8
Avg Household Size
39
Median Age
43%
College-Educated
86%
High-School Grad
0.2 sq mi
ZIP Area
98,350
Density / Sq Mi
$51,250
Median Household Income
$54,349
Median Earnings
$1,406
Median Rent
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in New York County, NY
Properties on Market for Triplexes in New York County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The layout pairs an owner’s two-bedroom duplex with two one-bedroom apartments, each separately metered.
Where is this triplex located?
The property is located at 15 W 131st Street New York City, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 3,000‑square‑foot building with three residences; Two‑bedroom duplex plus two floor‑through one‑bedroom apartments; J‑51 tax abatement currently in place
