Renovated Brownstone
For Sale
$2,450,000
246 W 132nd Street TH, Manhattan, NY 10027
Four-unit layout includes a garden duplex, two floor-through apartments, and a finished owner’s studio.
Property Size4,860 SF
Price / SF$504.12
Days on Market41
Property Features for 246 W 132nd Street TH
General Information
Standard status
Active
Size
4,860 SF
Property subtype
Triplex
Units
Unit Mix
1 x 2BR garden duplex, 2 x 1BR floor-through, 1 x studio
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$14,844
Amenities
exposed brick
hardwood floors
high ceilings
central HVAC
in-unit laundry
open kitchen
private deck
private backyard
Building Details
Building Size
4,860 SF
Year Built
1900
Year Renovated
2005
Construction
Neo-Grec
Listing Agency:
Harlem Lofts Inc
Listed By:
ROBERT D PAIR · License #NY 31PA1003506
(212) 280-8866
Source:
Miradorrealestate
Added: Sep 21
Changed: Oct 29
Last Checked: Oct 30 at 8:28PM
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 Harlem Lofts Inc
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Investment Insights
Based on property information with market context.
This brownstone quadplex contains approximately 4,860 SF of finished space and was renovated in 2005. The configuration includes a two-bedroom garden duplex with exposed brick, hardwood floors, high ceilings, central HVAC, in-unit laundry, an open kitchen with granite counters and dishwasher, and access to the backyard. Two one-bedroom floor-through apartments offer updated kitchens and baths, central HVAC, in-unit laundry, hardwood floors, and exposed brick. A finished owner’s studio includes a full bath, kitchenette, windows, finished interiors, and backyard access.
Outdoor features include a private deck and planted backyard. The property is located at 246 W 132nd Street in New York City, just outside the Central Harlem West Historic District and near 125th Street, Harlem’s Restaurant Row, shopping, transportation, Mount Morris Park, and Morningside Park.
Outdoor features include a private deck and planted backyard. The property is located at 246 W 132nd Street in New York City, just outside the Central Harlem West Historic District and near 125th Street, Harlem’s Restaurant Row, shopping, transportation, Mount Morris Park, and Morningside Park.
Key Highlights
- Approximately 4,860 SF of finished space in a four‑unit brownstone configuration
- Renovated in 2005
- Two‑bedroom garden duplex with backyard access and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,480
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,289,600
$3.3M
Cap Rate 7%
$2,349,714
$2.3M
Cap Rate 9%
$1,827,556
$1.8M
Market Conditions
NOI Build-Up for 4,860 SF
Gross rent
$247.9K $51.00/SF
− Vacancy
−$12.9K −$2.65/SF
EGI
$235.0K $48.35/SF
− OpEx
−$70.5K −$14.50/SF
NOI
$164.5K $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%
$3,289,600
Cap Rate 7%
$2,349,714
Cap Rate 9%
$1,827,556
Alternative Uses
Best Use
Multifamily LT 5
$2.35M
$2.06M – $2.74M
NOI $164,480 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$2.17M
$1.90M – $2.53M
NOI $152,056 @ 7.0% cap · market cap 6.21%
Theoretical Best
Specialty Retail
$12.10M
$10.59M – $14.11M
NOI $846,806 @ 7.0% cap · market cap 34.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
8,305
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?
Quadplex - Four-unit layout includes a garden duplex, two floor-through apartments, and a finished owner’s studio.
Where is this quadplex located?
The property is located at 246 W 132nd Street TH Manhattan, NY.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Approximately 4,860 SF of finished space in a four‑unit brownstone configuration; Renovated in 2005; Two‑bedroom garden duplex with backyard access and in‑unit laundry
