Predominantly Free-Market Apartment
314 W 142nd St, New York, NY 10030
For Sale
$4,950,000
Walk-up apartment property in Harlem with a predominantly free-market unit mix and long-term family ownership.
Property Size8,400 SF
Price / SF$589.29
Days on Market103
Property Features for 314 W 142nd St
General Information
Standard status
Size
Property subtype
Financials
Cap Rate
Average Monthly Rent
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
314 West 142nd Street is a 20-unit 5 story walk-up spanning 8,400 SF.
90% Free Market | Tax Class: 2B | Zoning; R7-2
314 W 142nd Street is ideally located near the City College of New York, St. Nicholas Park, and the 145th Street train station for A,C,B, & D subway lines.
Building Details
Building Size
Units
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Seth Glasser · License #License(s): NY: 10301209629
(212) 430-5136
Source:
Marcusmillichap
Added: Jul 30
Changed: Oct 26
Last Checked: Nov 8 at 2:17AM
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 Marcus & Millichap - Manhattan
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Investment Insights
Based on property information with market context.
314 West 142nd Street is a predominantly free-market walk-up apartment building in Harlem, located between Frederick Douglass Boulevard and Bradhurst Avenue. The property contains 20 apartments across 8,400 square feet and has been professionally owned and operated by the same family for nearly 40 years.
The unit mix includes 10 studios, 1 one-bedroom apartment, and 9 two-bedroom apartments. Approximately 90% of the property is free market, with 18 of the 20 apartments unencumbered by rent stabilization. The building offers a largely unrestricted rent roll within a residential multifamily configuration.
The unit mix includes 10 studios, 1 one-bedroom apartment, and 9 two-bedroom apartments. Approximately 90% of the property is free market, with 18 of the 20 apartments unencumbered by rent stabilization. The building offers a largely unrestricted rent roll within a residential multifamily configuration.
Key Highlights
- 20‑apartment walk‑up building at 314 West 142nd Street, New York, NY 10030
- 8,400 square feet across 20 apartments
- 90% free‑market property with 18 of 20 units unencumbered by rent stabilization
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$262,813
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,256,260
$5.3M
Cap Rate 7%
$3,754,471
$3.8M
Cap Rate 9%
$2,920,144
$2.9M
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$503.0K $59.88/SF
− Vacancy
−$25.1K −$2.99/SF
EGI
$477.8K $56.89/SF
− OpEx
−$215.0K −$25.60/SF
NOI
$262.8K $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 Rate 5%
$5,256,260
Cap Rate 7%
$3,754,471
Cap Rate 9%
$2,920,144
Alternative Uses
Best Use
Apartment 5plus
$3.75M
$3.29M – $4.38M
NOI $262,813 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.87M
$5.14M – $6.85M
NOI $411,083 @ 7.0% cap · market cap 8.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
6,628
Businesses Nearby
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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
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Market
Properties on Market for Apartment buildings in New York
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Walk-up apartment property in Harlem with a predominantly free-market unit mix and long-term family ownership.
Where is this apartment building located?
The property is located at 314 W 142nd St New York, NY.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: 20‑apartment walk‑up building at 314 West 142nd Street, New York, NY 10030; 8,400 square feet across 20 apartments; 90% free‑market property with 18 of 20 units unencumbered by rent stabilization
