Harlem Townhouse with Owner's
For Sale
$1,850,000
Pending
429 E 118th St, New York, NY 10035
Charming 3-family townhouse in Harlem with owner's duplex.
Property Size3,360 SF
Days on Market321
Property Features for 429 E 118th St
General Information
Standard status
Pending
Size
3,360 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$3,894
Building Details
Building Size
3,360 SF
Year Built
1899
Units
3
Listing Agency:
Faze One Real Estate, LLC
Listed By:
Faisal Jabbour · License #10491212635
(914) 772-7330
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 2
Last Checked: Oct 14 at 11:53PM
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 Faze One Real Estate, LLC
Investment Insights
Based on property information with market context.
Located in Harlem, this 3-family townhouse, spanning 5 floors, presents an opportunity for home ownership and investment. The property features a spacious duplex unit, suitable as an owner's residence, with 3 bedrooms, a deck, and a private yard. The townhouse offers a blend of modern comforts and timeless appeal. The property is located near eateries such as RAO's and Patsy's Pizzeria.
Key Highlights
- Spacious 3‑bedroom duplex owner's unit with private deck and yard.
- Income‑generating 3‑family townhouse in Harlem.
- Lovingly maintained with thoughtful updates over 60 years.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,714
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,274,280
$2.3M
Cap Rate 7%
$1,624,486
$1.6M
Cap Rate 9%
$1,263,489
$1.3M
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$171.4K $51.00/SF
− Vacancy
−$8.9K −$2.65/SF
EGI
$162.4K $48.35/SF
− OpEx
−$48.7K −$14.50/SF
NOI
$113.7K $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%
$2,274,280
Cap Rate 7%
$1,624,486
Cap Rate 9%
$1,263,489
Alternative Uses
Best Use
Multifamily LT 5
$1.62M
$1.42M – $1.90M
NOI $113,714 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$1.50M
$1.31M – $1.75M
NOI $105,125 @ 7.0% cap · market cap 5.68%
Theoretical Best
Specialty Retail
$8.36M
$7.32M – $9.76M
NOI $585,446 @ 7.0% cap · market cap 31.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,965
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Charming 3-family townhouse in Harlem with owner's duplex.
Where is this triplex located?
The property is located at 429 E 118th St New York, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Spacious 3‑bedroom duplex owner's unit with private deck and yard.; Income‑generating 3‑family townhouse in Harlem.; Lovingly maintained with thoughtful updates over 60 years.
