Triplex With Three-Car
New
For Sale
$2,495,000
195 W 30th St, New York, NY 10001
Fully vacant three-unit residential property with free-market apartments and backyard access.
Property Size3,498 SF
Price / SF$713.26
Days on Market3
Property Features for 195 W 30th St
General Information
Standard status
Active
Size
3,498 SF
Total Parking Spaces
3
Property subtype
Multifamily
Units
Unit Mix
1 x 4BR duplex, 2 x 1BR
Multifamily Units
3
Amenities
195 30th Street, built in 1920, is a 3-unit 100% Free Market asset spanning 2 stories, and is approximately 3,498 SF.
Unused Air Rights: 2,500 SF | Tax Class: 1 | Zoning: R6B | Delivered 100% Vacant + 3-Car Garage
Transit access for 195 30th Street is exceptional. The D, N, and R trains at 36th Street and the N and W trains at 25th Street provide direct service to Midtown Manhattan in roughly 20 to 25 minutes.
Building Details
Building Size
3,498 SF
Buildings
1
Units
3
Listing Agency:
New York City Office
(718) 475-4369
Listed By:
Shaun Riney · License #License(s): NY: 10491208207, NY: 10301215754
(718) 475-4369
Source:
Marcusmillichap
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 2:26AM
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 New York City Office
Investment Insights
Based on property information with market context.
This triplex contains 3,498 gross square feet across three free-market residential units: a four-bedroom duplex with backyard access and two one-bedroom apartments. The property also includes a large three-car garage, creating additional on-site utility for the residential layout.
All three apartments are delivered vacant at closing. The building includes 2,500 square feet of unused air rights, adding a documented development component to the existing three-unit configuration.
All three apartments are delivered vacant at closing. The building includes 2,500 square feet of unused air rights, adding a documented development component to the existing three-unit configuration.
Key Highlights
- Three‑unit multifamily property delivered fully vacant
- 3,498 gross square feet across three residential units
- Unit mix includes a 4‑bedroom duplex and two 1‑bedroom apartments
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
$118,385
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
4.74%
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%
$2,367,700
$2.4M
Cap Rate 7%
$1,691,214
$1.7M
Cap Rate 9%
$1,315,389
$1.3M
Market Conditions
NOI Build-Up for 3,498 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
$178.4K $51.00/SF
− Vacancy
−$9.3K −$2.65/SF
EGI
$169.1K $48.35/SF
− OpEx
−$50.7K −$14.50/SF
NOI
$118.4K $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%
$2,367,700
Cap Rate 7%
$1,691,214
Cap Rate 9%
$1,315,389
Alternative Uses
Best Use
Multifamily LT 5
$1.69M
$1.48M – $1.97M
NOI $118,385 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$1.56M
$1.37M – $1.82M
NOI $109,443 @ 7.0% cap · market cap 4.39%
Theoretical Best
Specialty Retail
$8.71M
$7.62M – $10.16M
NOI $609,492 @ 7.0% cap · market cap 24.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
84,203
Businesses Nearby
Explore this area
Business Placement
Demographics for 10001, NY
32,612
Population
17,554
Households
1.9
Avg Household Size
35
Median Age
72%
College-Educated
93%
High-School Grad
0.6 sq mi
ZIP Area
54,353
Density / Sq Mi
$123,393
Median Household Income
$97,848
Median Earnings
$3,024
Median Rent
$793,000
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?
Triplex - Fully vacant three-unit residential property with free-market apartments and backyard access.
Where is this triplex located?
The property is located at 195 W 30th St New York, NY.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Three‑unit multifamily property delivered fully vacant; 3,498 gross square feet across three residential units; Unit mix includes a 4‑bedroom duplex and two 1‑bedroom apartments
