Three-Family Townhouse with
For Sale
$2,399,000
164 W 133RD St, New York, NY 10030
Updated owner’s duplex includes private outdoor space, while two floor-through apartments provide additional residential units.
Property Size3,004 SF
Days on Market10
Property Features for 164 W 133RD St
General Information
Standard status
Active
Size
3,004 SF
Property subtype
Multi Family
Additional Details
Gross Income
$124,140
Taxes and HOA fees
Annual Taxes
$13,716
Amenities
private garden
private laundry
Building Details
Building Size
3,004 SF
Year Built
1910
Buildings
1
Units
3
Tenancy
Multi
Listing Agency:
Brown Harris Stevens Residential Sales LLC
(212) 381-2560
Listed By:
Whitney S Osentoski · License #40OS1071061
(212) 381-2560
Source:
Elliman
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 10 at 8:07AM
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.
This legal three-family townhouse contains an updated owner’s duplex and two additional floor-through residences. The duplex offers two bedrooms, 2.5 baths, approximately 1,536 square feet, tall parlor-level ceilings, and access to a private garden from both floors. Its lower level includes a second bedroom with a separate below-stoop entrance, while a semi-finished basement provides private laundry and storage. The second- and third-floor apartments each contain one bedroom, one bath, and approximately 768 square feet. North and south exposures bring natural light throughout, and the second-floor unit includes an all-in-one washer and dryer.
The property is located at 164 W 133RD St in Central Harlem, near the Schomburg Center, Harlem Hospital, Columbia University, The City College of New York, Whole Foods Market, Lenox Avenue dining, and the 2 and 3 express trains. Built in 1910, the townhouse combines multiple residential layouts with private outdoor space and supplemental rental units.
The property is located at 164 W 133RD St in Central Harlem, near the Schomburg Center, Harlem Hospital, Columbia University, The City College of New York, Whole Foods Market, Lenox Avenue dining, and the 2 and 3 express trains. Built in 1910, the townhouse combines multiple residential layouts with private outdoor space and supplemental rental units.
Key Highlights
- Legal three‑family townhouse with an updated owner’s duplex and two additional apartments
- Owner’s duplex includes 2 bedrooms, 2.5 baths, and approximately 1,536 Sq. Ft.
- Two floor‑through residences, each with 1 bedroom, 1 bath, and approximately 768 Sq. Ft.
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
$101,666
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
4.24%
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%
$2,033,320
$2.0M
Cap Rate 7%
$1,452,371
$1.5M
Cap Rate 9%
$1,129,622
$1.1M
Market Conditions
NOI Build-Up for 3,004 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
$153.2K $51.00/SF
− Vacancy
−$8.0K −$2.65/SF
EGI
$145.2K $48.35/SF
− OpEx
−$43.6K −$14.50/SF
NOI
$101.7K $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%
$2,033,320
Cap Rate 7%
$1,452,371
Cap Rate 9%
$1,129,622
Alternative Uses
Best Use
Multifamily LT 5
$1.45M
$1.27M – $1.69M
NOI $101,666 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$1.34M
$1.17M – $1.57M
NOI $93,987 @ 7.0% cap · market cap 3.92%
Theoretical Best
Specialty Retail
$7.48M
$6.54M – $8.72M
NOI $523,417 @ 7.0% cap · market cap 21.82%
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
7,706
Businesses Nearby
Explore this area
Business Placement
Demographics for 10030, NY
29,686
Population
14,602
Households
2
Avg Household Size
36
Median Age
35%
College-Educated
78%
High-School Grad
0.3 sq mi
ZIP Area
98,953
Density / Sq Mi
$42,738
Median Household Income
$37,388
Median Earnings
$1,204
Median Rent
$810,100
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 - Updated owner’s duplex includes private outdoor space, while two floor-through apartments provide additional residential units.
Where is this triplex located?
The property is located at 164 W 133RD St New York, NY.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: Legal three‑family townhouse with an updated owner’s duplex and two additional apartments; Owner’s duplex includes 2 bedrooms, 2.5 baths, and approximately 1,536 Sq. Ft.; Two floor‑through residences, each with 1 bedroom, 1 bath, and approximately 768 Sq. Ft.
