Renovated Townhouse with
For Sale
$2,395,000
307 W 136TH Street, New York City, NY 10030
Four-story, fully vacant townhouse featuring a parlor-level triplex, private deck, and a self-contained garden-level one-bedroom unit.
Property Size4,134 SF
Price / SF$579.34
Days on Market34
Property Features for 307 W 136TH Street
General Information
Standard status
Active
Size
4,134 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$12,060
Building Details
Building Size
4,134 SF
Year Built
1910
Stories
4
Construction
brownstone
Listing Agency:
Platinum Forbes Global Properties
(914) 502-7034
Listed By:
Mackenzie Kyle
(914) 502-7034
Source:
Howardhannanyc
Added: Jul 22
Changed: Aug 23
Last Checked: Aug 23 at 10:36AM
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 Platinum Forbes Global Properties
Investment Insights
Based on property information with market context.
This meticulously renovated four-story townhouse blends preserved historic details with modern systems and finishes. The home arrives fully vacant and updated with new plumbing, a new roof, a modern HVAC system, and white oak flooring throughout. The preserved brownstone facade, original cornice, and grand interior staircase set the tone, while the parlor level features soaring ceilings and oversized windows.
The spacious owner’s triplex includes a restored interior with original details such as a floor-to-ceiling mahogany mirror and a decorative fireplace, plus an open-concept chef’s kitchen with quartz countertops, a large center island, custom cabinetry, and premium stainless-steel appliances. The kitchen opens to a private deck that provides convenient access to the backyard. The upper floors include a primary suite with a marble-clad bathroom, soaking tub, and a glass-enclosed shower, along with three additional bedrooms and two full bathrooms. A large central skylight helps brighten the top floor.
For flexibility, the garden level offers a self-contained one-bedroom unit with its own entrance and an open-plan kitchen and living area. Additional usable space includes a finished 800-square-foot cellar suitable for storage or other uses. The property is located in West Harlem and is adjacent to Saint Nicholas Park and the historic Striver’s Row district, with nearby access to the B/C subway lines and the 2/3 express trains at 135th Street.
The spacious owner’s triplex includes a restored interior with original details such as a floor-to-ceiling mahogany mirror and a decorative fireplace, plus an open-concept chef’s kitchen with quartz countertops, a large center island, custom cabinetry, and premium stainless-steel appliances. The kitchen opens to a private deck that provides convenient access to the backyard. The upper floors include a primary suite with a marble-clad bathroom, soaking tub, and a glass-enclosed shower, along with three additional bedrooms and two full bathrooms. A large central skylight helps brighten the top floor.
For flexibility, the garden level offers a self-contained one-bedroom unit with its own entrance and an open-plan kitchen and living area. Additional usable space includes a finished 800-square-foot cellar suitable for storage or other uses. The property is located in West Harlem and is adjacent to Saint Nicholas Park and the historic Striver’s Row district, with nearby access to the B/C subway lines and the 2/3 express trains at 135th Street.
Key Highlights
- Four‑story townhouse built in 1910 with historic facade and original cornice, fully vacant and renovated
- Renovations include new plumbing, new roof, modern HVAC, and white oak flooring throughout
- Parlor‑level triplex includes soaring ceilings, oversized windows, restored original details, and a decorative fireplace
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
$139,909
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
5.84%
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%
$2,798,180
$2.8M
Cap Rate 7%
$1,998,700
$2.0M
Cap Rate 9%
$1,554,544
$1.6M
Market Conditions
NOI Build-Up for 4,134 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
$210.8K $51.00/SF
− Vacancy
−$11.0K −$2.65/SF
EGI
$199.9K $48.35/SF
− OpEx
−$60.0K −$14.50/SF
NOI
$139.9K $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 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%
$2,798,180
Cap Rate 7%
$1,998,700
Cap Rate 9%
$1,554,544
Alternative Uses
Best Use
Multifamily LT 5
$2.00M
$1.75M – $2.33M
NOI $139,909 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$1.85M
$1.62M – $2.16M
NOI $129,342 @ 7.0% cap · market cap 5.40%
Theoretical Best
Specialty Retail
$10.29M
$9.00M – $12.01M
NOI $720,308 @ 7.0% cap · market cap 30.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,546
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?
Duplex - Four-story, fully vacant townhouse featuring a parlor-level triplex, private deck, and a self-contained garden-level one-bedroom unit.
Where is this duplex located?
The property is located at 307 W 136TH Street New York City, NY.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: Four‑story townhouse built in 1910 with historic facade and original cornice, fully vacant and renovated; Renovations include new plumbing, new roof, modern HVAC, and white oak flooring throughout; Parlor‑level triplex includes soaring ceilings, oversized windows, restored original details, and a decorative fireplace
