3-Unit
For Sale
$3,100,000
151 W 120th St, New York, NY 10027
Three residences include an owner’s duplex and two apartments, with outdoor space at the garden, balcony, and terrace levels.
Property Size5,070 SF
Days on Market8
Property Features for 151 W 120th St
General Information
Standard status
Active
Size
5,070 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Le Petit Senegal
Public Transit
Yes
Units
Unit Mix
owner's duplex (2BR), 1BR, 2BR
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$16,416
Amenities
private garden
balcony
decorative fireplace
media room
private terrace
skylight
claw-foot tub
Building Details
Building Size
5,070 SF
Year Built
1920
Buildings
1
Stories
3
Units
3
Construction
brownstone
Listed By:
Christopher J Pomeroy
(212) 381-2531
Source:
Elliman
Added: Oct 24
Changed: Oct 28
Last Checked: Oct 30 at 2:26PM
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 Christopher J Pomeroy
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Investment Insights
Based on property information with market context.
This 1920 brownstone contains three residences: a two-bedroom duplex across the parlor and garden levels, a one-bedroom apartment on the third floor, and a two-bedroom apartment on the fourth. The duplex includes a parlor fireplace, a primary bedroom with balcony access, a lower-level media room opening to the private garden, and two full baths. The third-floor apartment has a south-facing living room, three oversized windows, and decorative fireplaces in both the living room and bedroom. The top-floor residence features a living and dining area with a decorative fireplace and a private north-facing terrace.
Marcus Garvey Park and the northern end of Central Park are nearby. Whole Foods, Trader Joe’s, restaurants, cultural destinations, and public transportation are within a few blocks. The property has a Walk Score of 98, a Transit Score of 100, and a Bike Score of 81.
Marcus Garvey Park and the northern end of Central Park are nearby. Whole Foods, Trader Joe’s, restaurants, cultural destinations, and public transportation are within a few blocks. The property has a Walk Score of 98, a Transit Score of 100, and a Bike Score of 81.
Key Highlights
- Three residences: a two‑bedroom duplex, one‑bedroom apartment, and two‑bedroom apartment
- Built in 1920
- Owner’s duplex spans the parlor and garden levels, with access to a private garden and balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,627
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,172,540
$3.2M
Cap Rate 7%
$2,266,100
$2.3M
Cap Rate 9%
$1,762,522
$1.8M
Market Conditions
NOI Build-Up for 5,070 SF
Gross rent
$303.6K $59.88/SF
− Vacancy
−$15.2K −$2.99/SF
EGI
$288.4K $56.89/SF
− OpEx
−$129.8K −$25.60/SF
NOI
$158.6K $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 Rate 5%
$3,172,540
Cap Rate 7%
$2,266,100
Cap Rate 9%
$1,762,522
Alternative Uses
Best Use
Apartment 5plus
$2.27M
$1.98M – $2.64M
NOI $158,627 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$12.62M
$11.04M – $14.72M
NOI $883,397 @ 7.0% cap · market cap 28.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
9,961
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three residences include an owner’s duplex and two apartments, with outdoor space at the garden, balcony, and terrace levels.
Where is this multifamily property located?
The property is located at 151 W 120th St New York, NY.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Three residences: a two‑bedroom duplex, one‑bedroom apartment, and two‑bedroom apartment; Built in 1920; Owner’s duplex spans the parlor and garden levels, with access to a private garden and balcony
