Three-Unit Triplex with Private
410 E 50TH Street TH, New York City, NY
For Sale
$5,700,000
The three residences comprise two duplexes and a fifth-floor simplex, with the lower duplex opening onto a private garden.
Property Size5,181 SF
Price / SF$1,100
Days on Market146
Property Features for 410 E 50TH Street TH
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Leslie J Garfield & Co Inc
Listed By:
Thomas M Wexler
(212) 448-7474
Source:
Archpointadvisory
Added: Jun 17
Changed: Nov 7
Last Checked: Nov 8 at 1:59PM
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 Leslie J Garfield & Co Inc
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Investment Insights
Based on property information with market context.
This 5,181-square-foot, five-story triplex contains three residences: a two-bedroom duplex on the first and second floors, a three-bedroom duplex on the third and fourth floors, and a simplex on the fifth. The lower duplex connects directly to a private south-facing garden. A rear sunroom serves the upper duplex, while multiple skylights bring natural light into the top-floor residence. The building dates to 1910 and has approximately 3,600 square feet of unused FAR.
The property is in Turtle Bay, with the East River Esplanade, Grand Central Station, the United Nations headquarters, and the Chrysler Building among the area destinations noted. Bloomingdale’s and Central Park are also identified as nearby shopping and recreation options.
The property is in Turtle Bay, with the East River Esplanade, Grand Central Station, the United Nations headquarters, and the Chrysler Building among the area destinations noted. Bloomingdale’s and Central Park are also identified as nearby shopping and recreation options.
Key Highlights
- Three residences: two duplexes and a fifth‑floor simplex
- 5,181 square feet across five stories
- Approximately 3,600 square feet of unused FAR
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$175,344
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,506,880
$3.5M
Cap Rate 7%
$2,504,914
$2.5M
Cap Rate 9%
$1,948,267
$1.9M
Market Conditions
NOI Build-Up for 5,181 SF
Gross rent
$264.2K $51.00/SF
− Vacancy
−$13.7K −$2.65/SF
EGI
$250.5K $48.35/SF
− OpEx
−$75.1K −$14.50/SF
NOI
$175.3K $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%
$3,506,880
Cap Rate 7%
$2,504,914
Cap Rate 9%
$1,948,267
Alternative Uses
Best Use
Multifamily LT 5
$2.50M
$2.19M – $2.92M
NOI $175,344 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$2.32M
$2.03M – $2.70M
NOI $162,100 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$3.62M
$3.17M – $4.23M
NOI $253,550 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
38,138
Businesses Nearby
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in New York County, NY
Properties on Market for Triplexes in New York County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - The three residences comprise two duplexes and a fifth-floor simplex, with the lower duplex opening onto a private garden.
Where is this triplex located?
The property is located at 410 E 50TH Street TH New York City, NY.
What is the asking price?
The asking price for this property is $5,700,000.
What are key features of this property?
This property features: Three residences: two duplexes and a fifth‑floor simplex; 5,181 square feet across five stories; Approximately 3,600 square feet of unused FAR
