Two-Unit Duplex with Private
New
For Sale
$2,099,000
165 W 126TH Street, New York City, NY 10027
A vacant legal two-family property combines an owner's residence with a separate upper duplex for occupancy or rental.
Property Size3,430 SF
Price / SF$628.44
Days on Market4
Property Features for 165 W 126TH Street
General Information
Standard status
Active
Size
3,430 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$16,752
Amenities
private garden
raised deck
private balcony
washer/dryer
Building Details
Building Size
3,430 SF
Year Built
1910
Buildings
1
Construction
brownstone
Listing Agency:
Corcoran Group
Listed By:
Julia Boland · License #30BO1121740 (NY)
(917) 690-4861
Source:
Serhant
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:00AM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
This 1910 Harlem townhouse contains two independent duplex residences and is delivered vacant. The building is 17 feet wide, with approximately 3,340 square feet of above-grade living space and a renovated, full-height cellar. The garden-level residence includes a kitchen, dining area and sunken living room, with two bedrooms and two bathrooms on the parlor level. The upper duplex has separate living and dining rooms, two bedrooms, two bathrooms and a washer and dryer. Outdoor areas include a landscaped garden, raised deck and private balcony. Cellar improvements include waterproofing, a French drain and a sump pump; the cellar also has a half bathroom and laundry equipment.
The property is near the A/B/C/D and 2/3 subway lines. Trader Joe's, Whole Foods Market and Target are on the same block, and Starbucks is across the street. Nearby cultural destinations include the Apollo Theater and The Studio Museum in Harlem.
The property is near the A/B/C/D and 2/3 subway lines. Trader Joe's, Whole Foods Market and Target are on the same block, and Starbucks is across the street. Nearby cultural destinations include the Apollo Theater and The Studio Museum in Harlem.
Key Highlights
- Legal two‑family townhouse with two independent duplex residences; delivered vacant
- Approximately 3,340 square feet of above‑grade living space; building is 17 feet wide
- Renovated, full‑height cellar with waterproofing, French drain and sump pump
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,038
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,260,760
$2.3M
Cap Rate 7%
$1,614,829
$1.6M
Cap Rate 9%
$1,255,978
$1.3M
Market Conditions
NOI Build-Up for 3,340 SF
Gross rent
$170.3K $51.00/SF
− Vacancy
−$8.9K −$2.65/SF
EGI
$161.5K $48.35/SF
− OpEx
−$48.4K −$14.50/SF
NOI
$113.0K $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%
$2,260,760
Cap Rate 7%
$1,614,829
Cap Rate 9%
$1,255,978
Alternative Uses
Best Use
Multifamily LT 5
$1.61M
$1.41M – $1.88M
NOI $113,038 @ 7.0% cap · market cap 5.39%
Second Best
Apartment 5plus
$1.49M
$1.31M – $1.74M
NOI $104,500 @ 7.0% cap · market cap 4.98%
Theoretical Best
Specialty Retail
$8.31M
$7.27M – $9.70M
NOI $581,962 @ 7.0% cap · market cap 27.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
9,349
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?
Duplex - A vacant legal two-family property combines an owner's residence with a separate upper duplex for occupancy or rental.
Where is this duplex located?
The property is located at 165 W 126TH Street New York City, NY.
What is the asking price?
The asking price for this property is $2,099,000.
What are key features of this property?
This property features: Legal two‑family townhouse with two independent duplex residences; delivered vacant; Approximately 3,340 square feet of above‑grade living space; building is 17 feet wide; Renovated, full‑height cellar with waterproofing, French drain and sump pump
