Mid-Rise Residential Income
For Sale
$1,799,999
286 W 137th Street New York, Manhattan, NY 10030
Modern multifamily building with central air, separate meters, and updated interior finishes.
Property Size4,247 SF
Days on Market8
Property Features for 286 W 137th Street New York
General Information
Standard status
Active
Size
4,247 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$40,387
Amenities
Central Air, ENERGY STAR Qualified Equipment, Separate Meters
ENERGY STAR Qualified Equipment, Natural Gas, Separate Meters
Finished, Full, Storage Space, Walk-Out Access
Granite Counters, High Speed Internet, Open Floorplan, Master Downstairs, Recessed Lighting, Storage
On Street
Mid Rise, Modern
Building Details
Building Size
4,247 SF
Year Built
1910
Listing Agency:
Park Assets Real Estate Corp
(347) 549-5890
Listed By:
Ragib Bhuiya
(347) 549-5890
Source:
Evrealestate
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 10 at 3:25AM
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 Park Assets Real Estate Corp
Investment Insights
Based on property information with market context.
This mid-rise residential income property at 286 W 137th Street was built in 1910 and presents a modern exterior profile. Interior features include central air, natural gas service, separate meters, granite counters, recessed lighting, high-speed internet, storage areas, and an open floorplan. Finished space includes full storage and walk-out access, while ENERGY STAR Qualified Equipment is included among the building systems.
The property is located in New York County on Manhattan’s West 137th Street and includes on-street parking. The interior configuration also includes a downstairs primary bedroom and additional storage, providing a range of practical residential features within the multifamily asset.
The property is located in New York County on Manhattan’s West 137th Street and includes on-street parking. The interior configuration also includes a downstairs primary bedroom and additional storage, providing a range of practical residential features within the multifamily asset.
Key Highlights
- Mid‑rise residential income property at 286 W 137th Street
- Built in 1910 with a modern exterior
- Central air, natural gas, and separate meters
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
$132,877
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
7.38%
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%
$2,657,540
$2.7M
Cap Rate 7%
$1,898,243
$1.9M
Cap Rate 9%
$1,476,411
$1.5M
Market Conditions
NOI Build-Up for 4,247 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
$254.3K $59.88/SF
− Vacancy
−$12.7K −$2.99/SF
EGI
$241.6K $56.89/SF
− OpEx
−$108.7K −$25.60/SF
NOI
$132.9K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
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%
$2,657,540
Cap Rate 7%
$1,898,243
Cap Rate 9%
$1,476,411
Alternative Uses
Best Use
Apartment 5plus
$1.90M
$1.66M – $2.21M
NOI $132,877 @ 7.0% cap · market cap 7.38%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.57M
$9.25M – $12.33M
NOI $739,997 @ 7.0% cap · market cap 41.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,019
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?
Residential income property - Modern multifamily building with central air, separate meters, and updated interior finishes.
Where is this residential income property located?
The property is located at 286 W 137th Street New York Manhattan, NY.
What is the asking price?
The asking price for this property is $1,799,999.
What are key features of this property?
This property features: Mid‑rise residential income property at 286 W 137th Street; Built in 1910 with a modern exterior; Central air, natural gas, and separate meters
