Four-Story Duplex
For Sale
$1,999,000
318 E 120TH Street, New York City, NY 10035
Two-family brownstone with five bedrooms, private outdoor areas, and a renovated-style kitchen with direct courtyard access.
Property Size3,800 SF
Price / SF$526.05
Days on Market63
Property Features for 318 E 120TH Street
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,792
Amenities
fireplace
courtyard
private terrace
backyard
built-ins
chef's kitchen with island
washer + dryer
Building Details
Building Size
3,800 SF
Year Built
1899
Buildings
1
Stories
4
Construction
brownstone
Listing Agency:
Corcoran Group
Listed By:
Eliety Lopes
(212) 470-8891
Source:
Miradorrealestate
Added: Aug 13
Changed: Oct 10
Last Checked: Oct 13 at 3:18AM
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 Corcoran Group
Investment Insights
Based on property information with market context.
This four-story duplex brownstone at 318 E 120th St provides 3,850 square feet across a two-family layout with five bedrooms. Interior features include high ceilings, hardwood flooring, built-in shelving, a fireplace, and rooms with north and south exposures. The kitchen includes an island, stove, and washer and dryer, with doors leading directly to the courtyard.
Outdoor areas include a private terrace and a tree-lined backyard surrounded by greenery. The property is in East Harlem and records a Walk Score of 96, Transit Score of 100, and Bike Score of 83. Constructed in 1899, the building offers a distinctive residential configuration with substantial interior space and multiple outdoor areas.
Outdoor areas include a private terrace and a tree-lined backyard surrounded by greenery. The property is in East Harlem and records a Walk Score of 96, Transit Score of 100, and Bike Score of 83. Constructed in 1899, the building offers a distinctive residential configuration with substantial interior space and multiple outdoor areas.
Key Highlights
- 3,850 square feet in a four‑floor, two‑family brownstone
- Five bedrooms with flexible room configuration
- Private terrace and backyard with courtyard access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,606
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,572,120
$2.6M
Cap Rate 7%
$1,837,229
$1.8M
Cap Rate 9%
$1,428,956
$1.4M
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$193.8K $51.00/SF
− Vacancy
−$10.1K −$2.65/SF
EGI
$183.7K $48.35/SF
− OpEx
−$55.1K −$14.50/SF
NOI
$128.6K $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%
$2,572,120
Cap Rate 7%
$1,837,229
Cap Rate 9%
$1,428,956
Alternative Uses
Best Use
Multifamily LT 5
$1.84M
$1.61M – $2.14M
NOI $128,606 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$1.70M
$1.49M – $1.98M
NOI $118,892 @ 7.0% cap · market cap 5.95%
Theoretical Best
Specialty Retail
$9.46M
$8.28M – $11.04M
NOI $662,112 @ 7.0% cap · market cap 33.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,598
Businesses Nearby
Explore this area
Business Placement
Demographics for 10035, NY
35,980
Population
16,340
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
25,700
Density / Sq Mi
$40,556
Median Household Income
$44,042
Median Earnings
$1,283
Median Rent
$663,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family brownstone with five bedrooms, private outdoor areas, and a renovated-style kitchen with direct courtyard access.
Where is this duplex located?
The property is located at 318 E 120TH Street New York City, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: 3,850 square feet in a four‑floor, two‑family brownstone; Five bedrooms with flexible room configuration; Private terrace and backyard with courtyard access
