Duplex Residential Income
159 W 118th Street THA, New York City, NY 10026
For Sale
$975,000
Pending
First-floor duplex with private patio, flexible den space, upgraded kitchen finishes, and in-unit laundry.
Property Size1,203 SF
Days on Market62
Property Features for 159 W 118th Street THA
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
fitness center
common rooftop
children's playroom
virtual doorman
staffed reception lobby
in-unit washer/dryer
private patio
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
shimaa anwar · License NY #10401351011
(917) 635-9301
Source:
Howardhannanyc
Added: Sep 9
Changed: Oct 31
Last Checked: Nov 8 at 1:53PM
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
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This 1,203-square-foot first-floor duplex in a 1920 pre-war condominium conversion combines two bedrooms, 1.5 baths, a separate den, and a private fenced patio. The upper level includes the kitchen, dining, living area, one bedroom, and a windowed full bath with soaking tub. Kitchen features include stainless steel KitchenAid appliances, a gas range, dishwasher, microwave, side-by-side refrigerator, glass-tile backsplash, and stone countertops. The lower level adds a second bedroom, powder room, custom closets, and an in-unit Bosch washer and dryer. Refinished floors, kitchen improvements, central HVAC, and supplemental lower-level radiators are also included.
Building amenities include a fitness center, common rooftop, children's playroom, virtual doorman system, staffed reception lobby, and pet-friendly policies. The property is within the landmarked Mount Morris Park Historic District, 1.5 blocks from Marcus Garvey Park and eight blocks from Central Park and Museum Mile. Subway access includes the 2/3, 4/5/6, A/C, and B/D lines, with M2, M7, M101, and Metro-North service nearby.
Building amenities include a fitness center, common rooftop, children's playroom, virtual doorman system, staffed reception lobby, and pet-friendly policies. The property is within the landmarked Mount Morris Park Historic District, 1.5 blocks from Marcus Garvey Park and eight blocks from Central Park and Museum Mile. Subway access includes the 2/3, 4/5/6, A/C, and B/D lines, with M2, M7, M101, and Metro-North service nearby.
Key Highlights
- 1,203‑square‑foot first‑floor duplex with two bedrooms and 1.5 baths
- Private fenced patio accessed from the lower‑level den
- Kitchen with KitchenAid appliances, gas range, stone counters, and glass‑tile backsplash
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,639
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$752,780
$752.8K
Cap Rate 7%
$537,700
$537.7K
Cap Rate 9%
$418,211
$418.2K
Market Conditions
NOI Build-Up for 1,203 SF
Gross rent
$72.0K $59.88/SF
− Vacancy
−$3.6K −$2.99/SF
EGI
$68.4K $56.89/SF
− OpEx
−$30.8K −$25.60/SF
NOI
$37.6K $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%
$752,780
Cap Rate 7%
$537,700
Cap Rate 9%
$418,211
Alternative Uses
Best Use
Apartment 5plus
$537.7K
$470.5K – $627.3K
NOI $37,639 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$841.0K
$735.9K – $981.2K
NOI $58,873 @ 7.0% cap · market cap 6.04%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
7,943
Businesses Nearby
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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
$1,014,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in New York City, NY
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor duplex with private patio, flexible den space, upgraded kitchen finishes, and in-unit laundry.
Where is this residential income property located?
The property is located at 159 W 118th Street THA New York City, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 1,203‑square‑foot first‑floor duplex with two bedrooms and 1.5 baths; Private fenced patio accessed from the lower‑level den; Kitchen with KitchenAid appliances, gas range, stone counters, and glass‑tile backsplash
