Three-Unit
For Sale
$1,800,000
248 W 136th Street New York, Manhattan, NY 10030
Legal three-family brownstone with original details and soaring high ceilings, delivered vacant and ready for an owner-occupant or investor.
Days on Market75
Property Features for 248 W 136th Street New York
General Information
Standard status
Active
Property subtype
Triplex
Building Details
Building Size
3,500 SF
Year Built
1910
Buildings
1
Construction
brownstone
Tenancy
Multi
Listing Agency:
Charles Rutenberg Realty, Inc.
(516) 575-7500
Listed By:
Natasha Dantzler · License #10401235328
Source:
Serhant
Added: May 19
Changed: Jul 31
Last Checked: Jul 31 at 11:16AM
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 Charles Rutenberg Realty, Inc.
Investment Insights
Based on property information with market context.
A legal three-family brownstone offering classic architectural character with original details throughout. The building features soaring high ceilings and residential layouts designed to capture abundant natural light. Built in 1910, this three-unit property provides flexibility for an owner-occupant and income-producing use.
The brownstone is being delivered vacant, allowing you to showcase the space and tailor it to your plans. With three residential units under one roof, the property supports a range of occupancy and tenancy strategies while preserving the distinctive feel of a traditional brownstone.
Ideal for buyers seeking a three-unit New York brownstone with authentic period features and the ability to move in or lease out, the home is positioned to support both owner-occupancy and income-producing goals.
The brownstone is being delivered vacant, allowing you to showcase the space and tailor it to your plans. With three residential units under one roof, the property supports a range of occupancy and tenancy strategies while preserving the distinctive feel of a traditional brownstone.
Ideal for buyers seeking a three-unit New York brownstone with authentic period features and the ability to move in or lease out, the home is positioned to support both owner-occupancy and income-producing goals.
Key Highlights
- Legal three‑family brownstone with original details
- Soaring high ceilings throughout
- Three residential units for flexible occupancy
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $178.5k | $51.00 |
| − Vacancy | −$9.3k | −$2.65 |
| EGI | $169.2k | $48.35 |
| − OpEx | −$50.8k | −$14.50 |
| NOI | $118.5k | $33.84 |
3,500 SF · lease $51.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.69M
$1.48M – $1.97M
NOI $118,453 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$1.56M
$1.37M – $1.83M
NOI $109,506 @ 7.0% cap · market cap 6.08%
Theoretical Best
Specialty Retail
$8.71M
$7.62M – $10.16M
NOI $609,840 @ 7.0% cap · market cap 33.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,375
Businesses Nearby
Explore this area
Business Placement
Demographics for 10030, NY
29,686
Population
14,602
Households
2
Avg Household Size
36
Median Age
35%
College-Educated
78%
High-School Grad
0.3 sq mi
ZIP Area
98,953
Density / Sq Mi
$42,738
Median Household Income
$37,388
Median Earnings
$1,204
Median Rent
$810,100
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?
Triplex - Legal three-family brownstone with original details and soaring high ceilings, delivered vacant and ready for an owner-occupant or investor.
Where is this triplex located?
The property is located at 248 W 136th Street New York Manhattan, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Legal three‑family brownstone with original details; Soaring high ceilings throughout; Three residential units for flexible occupancy
