Renovated 2-Family
For Sale
$2,300,000
165 W 126th Street, New York City, NY 10027
Renovated two-family duplex with limestone facade, private yard, and in-unit washer/dryer across both levels.
Property Size3,430 SF
Price / SF$670.55
Days on Market126
Property Features for 165 W 126th Street
General Information
Standard status
Active
Size
3,430 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$17,760
Building Details
Building Size
3,430 SF
Year Built
1910
Buildings
1
Tenancy
Multi
Listing Agency:
Compass
(917) 575-8375
Listed By:
Kelly Cole
(917) 575-8375
Source:
Carlinwright
Added: Apr 10
Changed: Aug 8
Last Checked: Aug 12 at 3:21PM
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
Investment Insights
Based on property information with market context.
Renovated 2-family duplex located on a quiet, tree-lined block. The limestone facade features original prewar details from the early 1900s, with a home that is 17 ft wide. The property offers 3,340 square feet of above-grade living space plus a full-height basement and a landscaped private back yard.
The owners’ duplex begins at the garden level with a separate dining area and a large kitchen, stepping down to a sunken living room with a decorative fireplace, custom storage, and direct access to the backyard. Outside features a raised deck seating area sheltered by a pergola. The parlor level includes two bedrooms and two fully renovated bathrooms, including a primary suite with a walk-in closet with custom interiors and an en suite bath with double sink/marble vanity and large stall shower, plus a private balcony overlooking the backyard.
The upper duplex is bright and includes separate living and dining rooms anchored by an expansive kitchen with cabinet storage and counter space. Two large bedrooms, washer/dryer, two bathrooms, and great closets are on the upper floor. A clean, open tiled cellar provides additional storage, washer/dryer, and even a bathroom. Built in 1910, the home is near the A/B/C/D and 2/3 trains and convenient to shopping and restaurants in Central Harlem.
The owners’ duplex begins at the garden level with a separate dining area and a large kitchen, stepping down to a sunken living room with a decorative fireplace, custom storage, and direct access to the backyard. Outside features a raised deck seating area sheltered by a pergola. The parlor level includes two bedrooms and two fully renovated bathrooms, including a primary suite with a walk-in closet with custom interiors and an en suite bath with double sink/marble vanity and large stall shower, plus a private balcony overlooking the backyard.
The upper duplex is bright and includes separate living and dining rooms anchored by an expansive kitchen with cabinet storage and counter space. Two large bedrooms, washer/dryer, two bathrooms, and great closets are on the upper floor. A clean, open tiled cellar provides additional storage, washer/dryer, and even a bathroom. Built in 1910, the home is near the A/B/C/D and 2/3 trains and convenient to shopping and restaurants in Central Harlem.
Key Highlights
- Limestone facade with original prewar details from the early 1900s
- 17 ft wide with 3,340 SF above‑grade living space plus a full‑height basement
- Landscaped private back yard with raised deck seating area and pergola
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
$116,084
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
5.05%
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%
$2,321,680
$2.3M
Cap Rate 7%
$1,658,343
$1.7M
Cap Rate 9%
$1,289,822
$1.3M
Market Conditions
NOI Build-Up for 3,430 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
$174.9K $51.00/SF
− Vacancy
−$9.1K −$2.65/SF
EGI
$165.8K $48.35/SF
− OpEx
−$49.8K −$14.50/SF
NOI
$116.1K $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%
$2,321,680
Cap Rate 7%
$1,658,343
Cap Rate 9%
$1,289,822
Alternative Uses
Best Use
Multifamily LT 5
$1.66M
$1.45M – $1.93M
NOI $116,084 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$1.53M
$1.34M – $1.79M
NOI $107,315 @ 7.0% cap · market cap 4.67%
Theoretical Best
Specialty Retail
$8.54M
$7.47M – $9.96M
NOI $597,643 @ 7.0% cap · market cap 25.98%
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
9,349
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-family duplex with limestone facade, private yard, and in-unit washer/dryer across both levels.
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 $2,300,000.
What are key features of this property?
This property features: Limestone facade with original prewar details from the early 1900s; 17 ft wide with 3,340 SF above‑grade living space plus a full‑height basement; Landscaped private back yard with raised deck seating area and pergola
