Historic Two-Family
For Sale
$3,000,000
Pending
352 W 122nd Street, New York City, NY 10027
Legal two-family residence with a separate garden apartment and restored period details.
Property Size3,840 SF
Days on Market61
Property Features for 352 W 122nd Street
General Information
Standard status
Pending
Size
3,840 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
put the finishing touches
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 4BR/2BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,699
Amenities
fireplaces
laundry room
cellar
Building Details
Building Size
3,840 SF
Buildings
1
Listing Agency:
Compass
Listed By:
Colin F Turek
(646) 912-4058
Source:
Miradorrealestate
Added: Sep 5
Changed: Oct 31
Last Checked: Nov 3 at 12:16PM
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 Compass
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Investment Insights
Based on property information with market context.
This legal two-family townhouse combines a 4BR/2BA triplex with a separate 1BR/1BA garden apartment. The upper residence includes a grand parlor, formal dining room, six fireplaces, period woodwork, vintage hardware, and a top-floor laundry room. A full cellar adds an extra bathroom. Recent work includes updated plumbing, upgraded electrical, a new boiler, replacement flooring, and restoration of the interior woodwork.
Located at 352 W 122nd St in New York, the property is a half block from Morningside Park and near Columbia University, neighborhood restaurants, cafés, bakeries, and fitness options. Subway service includes the A, B, C, D, 2, and 3 lines. Walk Score is 93, Transit Score is 100, and bikeScore is 77.
Located at 352 W 122nd St in New York, the property is a half block from Morningside Park and near Columbia University, neighborhood restaurants, cafés, bakeries, and fitness options. Subway service includes the A, B, C, D, 2, and 3 lines. Walk Score is 93, Transit Score is 100, and bikeScore is 77.
Key Highlights
- Legal two‑family townhouse with a 4BR/2BA triplex and separate 1BR/1BA garden apartment
- 60‑foot building depth with an expansive townhouse layout
- Six fireplaces, restored period woodwork, vintage hardware, and ornate trim
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,959
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,599,180
$2.6M
Cap Rate 7%
$1,856,557
$1.9M
Cap Rate 9%
$1,443,989
$1.4M
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$195.8K $51.00/SF
− Vacancy
−$10.2K −$2.65/SF
EGI
$185.7K $48.35/SF
− OpEx
−$55.7K −$14.50/SF
NOI
$130.0K $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%
$2,599,180
Cap Rate 7%
$1,856,557
Cap Rate 9%
$1,443,989
Alternative Uses
Best Use
Multifamily LT 5
$1.86M
$1.62M – $2.17M
NOI $129,959 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$1.72M
$1.50M – $2.00M
NOI $120,143 @ 7.0% cap · market cap 4.00%
Theoretical Best
Specialty Retail
$9.56M
$8.36M – $11.15M
NOI $669,082 @ 7.0% cap · market cap 22.30%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
9,585
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family residence with a separate garden apartment and restored period details.
Where is this duplex located?
The property is located at 352 W 122nd Street New York City, NY.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Legal two‑family townhouse with a 4BR/2BA triplex and separate 1BR/1BA garden apartment; 60‑foot building depth with an expansive townhouse layout; Six fireplaces, restored period woodwork, vintage hardware, and ornate trim
