Six-Story Duplex
For Sale
$3,885,000
245 E 52nd Street, New York City, NY 10022
Two triplex residences combine private outdoor areas, elevator access, and restored period details in a well-maintained building.
Property Size5,940 SF
Price / SF$654.04
Days on Market353
Property Features for 245 E 52nd Street
General Information
Standard status
Active
Size
5,940 SF
Elevators
Yes
Property subtype
Triplex
Units
Unit Mix
2 x 4BR/2.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$77,496
Amenities
roof terrace
backyard
patio
hardwood floors
decorative fireplaces
ceiling medallions
Building Details
Building Size
5,940 SF
Year Built
1930
Buildings
1
Stories
6
Construction
stucco
Listing Agency:
Compass
Listed By:
Kevin H Geloso · License #10301216181
(646) 387-6606
Source:
Lenasimpson
Added: Oct 7, 2025
Changed: Sep 22
Last Checked: Sep 22 at 1:56PM
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.
This six-story duplex townhouse contains 5,940 square feet arranged as two separate triplex residences. Each unit includes 4 bedrooms, 2.5 bathrooms, elevator access to its floors, and dedicated outdoor space. The upper residence has a south-facing roof terrace, while the lower residence includes a backyard and patio. Updated systems, a restored white stucco exterior, refinished hardwood flooring, ceiling medallions, and decorative fireplaces with original marble mantels add to the building’s physical character.
Located at 245 E 52nd Street in Midtown East, the property sits between 2nd and 3rd Avenue on a quiet block. Grand Central Terminal, the Museum of Modern Art, and the United Nations Headquarters are within walking distance. Transit access includes the E, M, and 6 trains, along with Metro-North.
The two-residence configuration supports owner occupancy with a second unit, or rental of both triplexes, including furnished short-term arrangements as described in the property information.
Located at 245 E 52nd Street in Midtown East, the property sits between 2nd and 3rd Avenue on a quiet block. Grand Central Terminal, the Museum of Modern Art, and the United Nations Headquarters are within walking distance. Transit access includes the E, M, and 6 trains, along with Metro-North.
The two-residence configuration supports owner occupancy with a second unit, or rental of both triplexes, including furnished short-term arrangements as described in the property information.
Key Highlights
- 5,940‑square‑foot six‑story duplex townhouse
- Two triplex units, each with 4 bedrooms and 2.5 bathrooms
- Upper unit includes a south‑facing open roof terrace
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
$201,031
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
5.17%
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%
$4,020,620
$4.0M
Cap Rate 7%
$2,871,871
$2.9M
Cap Rate 9%
$2,233,678
$2.2M
Market Conditions
NOI Build-Up for 5,940 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
$302.9K $51.00/SF
− Vacancy
−$15.8K −$2.65/SF
EGI
$287.2K $48.35/SF
− OpEx
−$86.2K −$14.50/SF
NOI
$201.0K $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 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%
$4,020,620
Cap Rate 7%
$2,871,871
Cap Rate 9%
$2,233,678
Alternative Uses
Best Use
Multifamily LT 5
$2.87M
$2.51M – $3.35M
NOI $201,031 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$2.65M
$2.32M – $3.10M
NOI $185,847 @ 7.0% cap · market cap 4.78%
Theoretical Best
Specialty Retail
$14.79M
$12.94M – $17.25M
NOI $1,034,986 @ 7.0% cap · market cap 26.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,411
Businesses Nearby
Explore this area
Business Placement
Demographics for 10022, NY
36,708
Population
25,686
Households
1.4
Avg Household Size
45
Median Age
84%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
91,770
Density / Sq Mi
$171,038
Median Household Income
$119,657
Median Earnings
$2,928
Median Rent
$1,116,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two triplex residences combine private outdoor areas, elevator access, and restored period details in a well-maintained building.
Where is this duplex located?
The property is located at 245 E 52nd Street New York City, NY.
What is the asking price?
The asking price for this property is $3,885,000.
What are key features of this property?
This property features: 5,940‑square‑foot six‑story duplex townhouse; Two triplex units, each with 4 bedrooms and 2.5 bathrooms; Upper unit includes a south‑facing open roof terrace
