Renovated Residential Income
For Sale
$215,000
36 W 138th Street 52, New York City, NY 10037
One-bedroom walk-up apartment with updated finishes, new appliances, and washer/dryer hookup in an HDFC cooperative building.
Property Size550 SF
Price / SF$390.91
Days on Market255
Property Features for 36 W 138th Street 52
General Information
Standard status
Active
Size
550 SF
Elevators
No
Property subtype
Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
HOA Fee
$477.50
Building Details
Building Size
550 SF
Year Built
1900
Listing Agency:
Harlem Lofts Inc
Listed By:
ROBERT D PAIR · License #31PA1003506
(212) 280-8866
Source:
Howardhannanyc
Added: Jan 26
Changed: Oct 3
Last Checked: Oct 7 at 3:49PM
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 Harlem Lofts Inc
Investment Insights
Based on property information with market context.
Apartment 14 is a renovated one-bedroom, one-bathroom walk-up residence within an HDFC cooperative building constructed in 1900. The 550-square-foot layout includes hardwood flooring, a tiled bathroom, and a kitchen outfitted with Caesarstone countertops and brand-new appliances. A washer/dryer hookup is also included. Income restrictions apply, and the purchase requires an all-cash transaction with proof of funds.
The property is near Harlem’s 125th Street commercial corridor, including Whole Foods, Trader Joe’s, Target, and Marshalls. The Schomburg Center for Research in Black Culture, Harlem YMCA, and Harlem Cycle Fitness Studio are within a short walk. Nearby transportation includes the 2/3 subway station at 135th Street and M1, M7, M98, and M102 bus service, with access to the Harlem River Drive and Madison Avenue Bridge.
The property is near Harlem’s 125th Street commercial corridor, including Whole Foods, Trader Joe’s, Target, and Marshalls. The Schomburg Center for Research in Black Culture, Harlem YMCA, and Harlem Cycle Fitness Studio are within a short walk. Nearby transportation includes the 2/3 subway station at 135th Street and M1, M7, M98, and M102 bus service, with access to the Harlem River Drive and Madison Avenue Bridge.
Key Highlights
- 550‑square‑foot one‑bedroom, one‑bathroom walk‑up apartment
- Renovated kitchen with Caesarstone countertops and brand‑new appliances
- Hardwood floors and tiled bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,208
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,160
$344.2K
Cap Rate 7%
$245,829
$245.8K
Cap Rate 9%
$191,200
$191.2K
Market Conditions
NOI Build-Up for 550 SF
Gross rent
$32.9K $59.88/SF
− Vacancy
−$1.6K −$2.99/SF
EGI
$31.3K $56.89/SF
− OpEx
−$14.1K −$25.60/SF
NOI
$17.2K $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%
$344,160
Cap Rate 7%
$245,829
Cap Rate 9%
$191,200
Alternative Uses
Best Use
Apartment 5plus
$245.8K
$215.1K – $286.8K
NOI $17,208 @ 7.0% cap · market cap 8.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.60M
NOI $95,832 @ 7.0% cap · market cap 44.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
6,405
Businesses Nearby
Explore this area
Business Placement
Demographics for 10037, NY
19,670
Population
11,218
Households
1.8
Avg Household Size
39
Median Age
43%
College-Educated
86%
High-School Grad
0.2 sq mi
ZIP Area
98,350
Density / Sq Mi
$51,250
Median Household Income
$54,349
Median Earnings
$1,406
Median Rent
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom walk-up apartment with updated finishes, new appliances, and washer/dryer hookup in an HDFC cooperative building.
Where is this residential income property located?
The property is located at 36 W 138th Street 52 New York City, NY.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: 550‑square‑foot one‑bedroom, one‑bathroom walk‑up apartment; Renovated kitchen with Caesarstone countertops and brand‑new appliances; Hardwood floors and tiled bathroom
