Renovated Two-Residence
For Sale
$4,695,000
236 W 112th Street New York, Manhattan, NY 10026
Two separately deeded homes provide townhouse-scale living with flexibility for combined or independent use.
Property Size4,828 SF
Days on Market12
Property Features for 236 W 112th Street New York
General Information
Standard status
Active
Size
4,828 SF
Property subtype
Duplex
Additional Details
Asking Price
$4,695,000
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$19,087
Amenities
private outdoor space
balconies
private roof terrace
Building Details
Building Size
4,828 SF
Year Built
1900
Buildings
1
Listing Agency:
Link NY Realty
(646) 321-9428
Listed By:
Valon Nikci · License #10491202180
Source:
Serhant
Added: Aug 14
Changed: Aug 24
Last Checked: Aug 24 at 3:17PM
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 Link NY Realty
Investment Insights
Based on property information with market context.
This offering combines two independently deeded condominium residences within a boutique building completed in 1900. The larger home provides approximately 4,828 square feet of interior living space along with private outdoor space. A newly renovated penthouse duplex adds four bedrooms, three-and-a-half baths, three balconies, and an approximately 785-square-foot private roof terrace.
The residences can function as one expansive private compound while retaining separate ownership. Their configuration also supports extended-family accommodations, guest space, a dedicated home office, or continued separation between the homes. The property is located at 236 W 112th Street in Manhattan’s South Harlem, near Central Park and Morningside Park.
The residences can function as one expansive private compound while retaining separate ownership. Their configuration also supports extended-family accommodations, guest space, a dedicated home office, or continued separation between the homes. The property is located at 236 W 112th Street in Manhattan’s South Harlem, near Central Park and Morningside Park.
Key Highlights
- Two independently deeded condominium residences in a boutique building
- Approximately 4,828 square feet in the townhouse‑scale residence
- Penthouse duplex with four bedrooms and three‑and‑a‑half baths
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
$163,397
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
3.48%
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%
$3,267,940
$3.3M
Cap Rate 7%
$2,334,243
$2.3M
Cap Rate 9%
$1,815,522
$1.8M
Market Conditions
NOI Build-Up for 4,828 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
$246.2K $51.00/SF
− Vacancy
−$12.8K −$2.65/SF
EGI
$233.4K $48.35/SF
− OpEx
−$70.0K −$14.50/SF
NOI
$163.4K $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%
$3,267,940
Cap Rate 7%
$2,334,243
Cap Rate 9%
$1,815,522
Alternative Uses
Best Use
Multifamily LT 5
$2.33M
$2.04M – $2.72M
NOI $163,397 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$2.16M
$1.89M – $2.52M
NOI $151,055 @ 7.0% cap · market cap 3.22%
Theoretical Best
Specialty Retail
$12.02M
$10.52M – $14.02M
NOI $841,231 @ 7.0% cap · market cap 17.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,953
Businesses Nearby
Explore this area
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
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 - Two separately deeded homes provide townhouse-scale living with flexibility for combined or independent use.
Where is this duplex located?
The property is located at 236 W 112th Street New York Manhattan, NY.
What is the asking price?
The asking price for this property is $4,695,000.
What are key features of this property?
This property features: Two independently deeded condominium residences in a boutique building; Approximately 4,828 square feet in the townhouse‑scale residence; Penthouse duplex with four bedrooms and three‑and‑a‑half baths
