Duplex Residential Income Property with
For Sale
$1,250,000
30 W 126TH Street 1, New York City, NY 10027
Two-bedroom condominium with private entry, recreation space, and a south-facing garden.
Property Size1,469 SF
Price / SF$850.92
Days on Market125
Property Features for 30 W 126TH Street 1
General Information
Standard status
Active
Size
1,469 SF
Property subtype
Duplex
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR+/2.5BA duplex
Multifamily Units
1
Amenities
private garden
exposed brick
decorative fireplace
refinished hardwood floors
private entrance
side-by-side vented washer and dryer
central air/heat unit
ample storage
separate deeded storage unit
lower-level rec room with heated floors
gazebo
grill
Building Details
Building Size
1,469 SF
Year Built
1909
Listing Agency:
Brown Harris Stevens Residential Sales LLC
(973) 454-6990
Listed By:
Dean E Dunbar
(973) 454-6990
Source:
Howardhannanyc
Added: Apr 8
Changed: Aug 10
Last Checked: Aug 10 at 9:56AM
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 Brown Harris Stevens Residential Sales LLC
Investment Insights
Based on property information with market context.
This 1,469-square-foot residential income property is a two-bedroom, 2.5-bath duplex condominium in a 1909 brownstone. The home combines exposed brick, a decorative fireplace, refinished hardwood floors, central air and heat, and a private entrance. A 585+ square-foot south-facing garden includes a gazebo and grill, while the lower level provides a recreation room with heated floors. Additional features include a side-by-side vented washer and dryer, ample storage, and a separate deeded storage unit.
The property is on West 126th Street between Lenox and Fifth Avenue in Harlem, near Marcus Garvey Park and its dog run. Whole Foods, Trader Joe’s, the 2/3 subway lines, and the M60 SBS bus are near 125th Street and Lenox Avenue. Metro-North trains are approximately five minutes away, and a parking garage is located on the block.
The residence is part of a self-managed, financially stable boutique brownstone condominium. Nearby cultural destinations include the Apollo Theater, Schomburg Center for Research in Black Culture, National Black Theater, National Jazz Museum, and Studio Museum.
The property is on West 126th Street between Lenox and Fifth Avenue in Harlem, near Marcus Garvey Park and its dog run. Whole Foods, Trader Joe’s, the 2/3 subway lines, and the M60 SBS bus are near 125th Street and Lenox Avenue. Metro-North trains are approximately five minutes away, and a parking garage is located on the block.
The residence is part of a self-managed, financially stable boutique brownstone condominium. Nearby cultural destinations include the Apollo Theater, Schomburg Center for Research in Black Culture, National Black Theater, National Jazz Museum, and Studio Museum.
Key Highlights
- 1,469 SF two‑bedroom, 2.5‑bath duplex condominium
- 585+ SF south‑facing private garden with gazebo and grill
- Lower‑level recreation room with heated floors
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
$45,961
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
3.68%
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%
$919,220
$919.2K
Cap Rate 7%
$656,586
$656.6K
Cap Rate 9%
$510,678
$510.7K
Market Conditions
NOI Build-Up for 1,469 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
$88.0K $59.88/SF
− Vacancy
−$4.4K −$2.99/SF
EGI
$83.6K $56.89/SF
− OpEx
−$37.6K −$25.60/SF
NOI
$46.0K $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%
$919,220
Cap Rate 7%
$656,586
Cap Rate 9%
$510,678
Alternative Uses
Best Use
Apartment 5plus
$656.6K
$574.5K – $766.0K
NOI $45,961 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.66M
$3.20M – $4.27M
NOI $255,959 @ 7.0% cap · market cap 20.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8,050
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with private entry, recreation space, and a south-facing garden.
Where is this residential income property located?
The property is located at 30 W 126TH Street 1 New York City, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 1,469 SF two‑bedroom, 2.5‑bath duplex condominium; 585+ SF south‑facing private garden with gazebo and grill; Lower‑level recreation room with heated floors
