Triplex Townhouse with Private
For Sale
$3,200,000
158 W 119TH Street, New York City, NY 10026
Four-story Harlem townhouse currently configured as three residences, with a private patio and in-unit washer and dryer.
Property Size5,888 SF
Price / SF$543.48
Days on Market48
Property Features for 158 W 119TH Street
General Information
Standard status
Active
Size
5,888 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$38,364
Amenities
soaring ceilings
oversized windows
individually controlled heating
in-unit washer and dryer
private patio
Building Details
Building Size
5,888 SF
Year Built
1920
Buildings
1
Stories
4
Tenancy
Multi
Listing Agency:
Brown Harris Stevens Residential Sales LLC
(212) 381-2578
Listed By:
Traci Byers
(212) 381-2578
Source:
Bondnyre
Added: Jul 9
Changed: Aug 23
Last Checked: Aug 25 at 12:51PM
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 Brown Harris Stevens Residential Sales LLC
Investment Insights
Based on property information with market context.
Four-story Harlem townhouse currently configured as three residential units, offering nearly 5,900 square feet of interior space. Built in 1920, the residence combines classic brownstone character with soaring ceilings and oversized windows that bring in natural light.
The property includes individually controlled heating throughout and in-unit washer and dryer for each residence. The owner’s duplex serves as a spacious primary home with three bedrooms, three full bathrooms, and direct access to a private patio off the living space.
The second-floor residence features three bedrooms and two full bathrooms, and the top-floor residence offers two bedrooms and two full bathrooms. With its existing three-unit setup, the home provides immediate income-producing potential while retaining flexibility for different ownership strategies over time.
The property includes individually controlled heating throughout and in-unit washer and dryer for each residence. The owner’s duplex serves as a spacious primary home with three bedrooms, three full bathrooms, and direct access to a private patio off the living space.
The second-floor residence features three bedrooms and two full bathrooms, and the top-floor residence offers two bedrooms and two full bathrooms. With its existing three-unit setup, the home provides immediate income-producing potential while retaining flexibility for different ownership strategies over time.
Key Highlights
- Currently configured as three residential units in a four‑story Harlem townhouse
- Nearly 5,900 square feet of interior space built in 1920
- Owner’s duplex has three bedrooms and three full bathrooms plus private patio access
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
$199,271
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
6.23%
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%
$3,985,420
$4.0M
Cap Rate 7%
$2,846,729
$2.8M
Cap Rate 9%
$2,214,122
$2.2M
Market Conditions
NOI Build-Up for 5,888 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
$300.3K $51.00/SF
− Vacancy
−$15.6K −$2.65/SF
EGI
$284.7K $48.35/SF
− OpEx
−$85.4K −$14.50/SF
NOI
$199.3K $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 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%
$3,985,420
Cap Rate 7%
$2,846,729
Cap Rate 9%
$2,214,122
Alternative Uses
Best Use
Multifamily LT 5
$2.85M
$2.49M – $3.32M
NOI $199,271 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$2.63M
$2.30M – $3.07M
NOI $184,220 @ 7.0% cap · market cap 5.76%
Theoretical Best
Specialty Retail
$14.66M
$12.82M – $17.10M
NOI $1,025,925 @ 7.0% cap · market cap 32.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
9,010
Businesses Nearby
Explore this area
Business Placement
Demographics for 10026, NY
35,644
Population
17,648
Households
2
Avg Household Size
37
Median Age
54%
College-Educated
90%
High-School Grad
0.4 sq mi
ZIP Area
89,110
Density / Sq Mi
$74,140
Median Household Income
$56,919
Median Earnings
$1,546
Median Rent
$1,014,100
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?
Triplex - Four-story Harlem townhouse currently configured as three residences, with a private patio and in-unit washer and dryer.
Where is this triplex located?
The property is located at 158 W 119TH Street New York City, NY.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Currently configured as three residential units in a four‑story Harlem townhouse; Nearly 5,900 square feet of interior space built in 1920; Owner’s duplex has three bedrooms and three full bathrooms plus private patio access
