Four-Unit
251 W 122nd Street, Manhattan, NY 10027
For Sale
$2,750,000
Each apartment has its own meter, and the building is delivered vacant.
Property Size3,780 SF
Days on Market53
Property Features for 251 W 122nd Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Compass
Listed By:
Beth Renee Gittleman
(646) 408-7785
Source:
Serhant
Added: Sep 16
Changed: Nov 7
Last Checked: Nov 6 at 3:49PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1910, this 3,780 SF townhouse contains four one-bedroom, floor-through apartments. The building is configured as a four-family property, with each apartment individually metered and no rent-stabilized units. It will be delivered vacant, allowing the next owner to establish the property’s occupancy strategy.
The property is located at 251 W 122nd Street in Harlem, New York City, within the 10027 ZIP code. Its residential townhouse format and four-apartment layout provide a straightforward multifamily configuration for an owner or investor evaluating a free-market asset.
The property is located at 251 W 122nd Street in Harlem, New York City, within the 10027 ZIP code. Its residential townhouse format and four-apartment layout provide a straightforward multifamily configuration for an owner or investor evaluating a free-market asset.
Key Highlights
- Four one‑bedroom floor‑through apartments
- 3,780 SF townhouse built in 1910
- Individually metered apartments
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,929
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,558,580
$2.6M
Cap Rate 7%
$1,827,557
$1.8M
Cap Rate 9%
$1,421,433
$1.4M
Market Conditions
NOI Build-Up for 3,780 SF
Gross rent
$192.8K $51.00/SF
− Vacancy
−$10.0K −$2.65/SF
EGI
$182.8K $48.35/SF
− OpEx
−$54.8K −$14.50/SF
NOI
$127.9K $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%
$2,558,580
Cap Rate 7%
$1,827,557
Cap Rate 9%
$1,421,433
Alternative Uses
Best Use
Multifamily LT 5
$1.83M
$1.60M – $2.13M
NOI $127,929 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$1.69M
$1.48M – $1.97M
NOI $118,266 @ 7.0% cap · market cap 4.30%
Theoretical Best
Specialty Retail
$9.41M
$8.23M – $10.98M
NOI $658,627 @ 7.0% cap · market cap 23.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
9,915
Businesses Nearby
Explore this area
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
$915,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Quadplexes in New York County, NY
Properties on Market for Quadplexes in New York County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Each apartment has its own meter, and the building is delivered vacant.
Where is this quadplex located?
The property is located at 251 W 122nd Street Manhattan, NY.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Four one‑bedroom floor‑through apartments; 3,780 SF townhouse built in 1910; Individually metered apartments
