Two-Unit Brick
For Sale
$1,080,000
305 127th Street, New York, NY 11356
The upper residence has three bedrooms and two full bathrooms; the other contains two bedrooms and one full bathroom.
Property Size2,254 SF
Lot Size0.06 Acres
Price / SF$479.15
Days on Market39
Property Features for 305 127th Street
General Information
Standard status
Active
Size
2,254 SF
Lot size
0.06 Acres
Property subtype
Duplex
Site & Location
Neighborhood
Harlem
Additional Details
HOA Fee
$765
Multifamily Units
2
Building Details
Year Built
1980
Construction
brick
Listing Agency:
P R O Links Realty Inc
(718) 487-9992
Listed By:
Siang Liu · License #10311209596
(917) 418-8233
Source:
Neilcharlesrealestate
Added: Sep 28
Changed: Nov 1
Last Checked: Nov 5 at 9:24AM
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 P R O Links Realty Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1980, this brick duplex condominium contains approximately 2,254 square feet of living space on a 26' x 100' lot. Its two residences have distinct layouts: the upper unit includes three bedrooms and two full bathrooms, while the second unit has two bedrooms and one full bathroom. A family room in the first unit offers additional flexible space.
The property is located at 305 127th Street in New York, NY 11356.
The property is located at 305 127th Street in New York, NY 11356.
Key Highlights
- Approximately 2,254 SF of living space
- 26' x 100' lot
- Upper residence with 3 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,283
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,525,660
$1.5M
Cap Rate 7%
$1,089,757
$1.1M
Cap Rate 9%
$847,589
$847.6K
Market Conditions
NOI Build-Up for 2,254 SF
Gross rent
$115.0K $51.00/SF
− Vacancy
−$6.0K −$2.65/SF
EGI
$109.0K $48.35/SF
− OpEx
−$32.7K −$14.50/SF
NOI
$76.3K $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%
$1,525,660
Cap Rate 7%
$1,089,757
Cap Rate 9%
$847,589
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$953.5K – $1.27M
NOI $76,283 @ 7.0% cap · market cap 7.06%
Second Best
Apartment 5plus
$1.01M
$881.5K – $1.18M
NOI $70,522 @ 7.0% cap · market cap 6.53%
Theoretical Best
Specialty Retail
$5.61M
$4.91M – $6.55M
NOI $392,737 @ 7.0% cap · market cap 36.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
9,418
Businesses Nearby
Explore this area
Business Placement
Demographics for 11356, NY
28,310
Population
9,003
Households
3.1
Avg Household Size
37
Median Age
25%
College-Educated
78%
High-School Grad
1.6 sq mi
ZIP Area
17,694
Density / Sq Mi
$91,445
Median Household Income
$40,928
Median Earnings
$2,160
Median Rent
$893,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The upper residence has three bedrooms and two full bathrooms; the other contains two bedrooms and one full bathroom.
Where is this duplex located?
The property is located at 305 127th Street New York, NY.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Approximately 2,254 SF of living space; 26' x 100' lot; Upper residence with 3 bedrooms and 2 full bathrooms
