Historic Tudor Multifamily
For Sale
$2,095,000
465 W 144th Street New York, Manhattan, NY 10031
Vacant townhouse in Hamilton Heights with a new roof, period woodwork, stained glass, and multiple original fireplaces.
Property Size3,630 SF
Days on Market150
Property Features for 465 W 144th Street New York
General Information
Standard status
Active
Size
3,630 SF
Property subtype
Residential Income
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,318
Amenities
Oil
High Ceilings, Natural Woodwork
On Street
Building Details
Building Size
3,630 SF
Year Built
1886
Construction
Tudor
Listing Agency:
Harlem Lofts
Listed By:
Robert D. Pair · License #31PA1003506
(917) 791-6986
Source:
Evrealestate
Added: Apr 7
Changed: Aug 30
Last Checked: Sep 2 at 3:27PM
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
Investment Insights
Based on property information with market context.
Constructed in 1886, this Tudor red brick and ashlar townhouse retains an extensive collection of period features, including 16-foot ceilings, high windows, a central staircase, mahogany and tiger oak woodwork, stained glass, and five original fireplaces. A bay window, oculus, and distinctive gargoyles shape the façade, while a Certificate of Non-Harassment from the NYC Department of Housing Preservation and Development accompanies the vacant property. The roof has been replaced.
The property is located within the Hamilton Heights Historic District at 465 W 144th St in Manhattan. City College is a 10-minute walk away, and the Dance Theatre of Harlem, Jackie Robinson Park, Hudson River Greenway, Ten Mile River Playground, and Harlem River Drive are nearby. Broadway and Amsterdam Avenue provide access to shopping, restaurants, cafés, and bars. The A/B/C/D subway station at 145th Street is two short blocks away, with the A train reaching 34th St in 25 minutes.
The property is located within the Hamilton Heights Historic District at 465 W 144th St in Manhattan. City College is a 10-minute walk away, and the Dance Theatre of Harlem, Jackie Robinson Park, Hudson River Greenway, Ten Mile River Playground, and Harlem River Drive are nearby. Broadway and Amsterdam Avenue provide access to shopping, restaurants, cafés, and bars. The A/B/C/D subway station at 145th Street is two short blocks away, with the A train reaching 34th St in 25 minutes.
Key Highlights
- 1886‑built Tudor townhouse in the Hamilton Heights Historic District
- 16‑foot ceilings, high windows, and a central staircase
- Original mahogany and tiger oak woodwork with stained glass
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$113,573
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,271,460
$2.3M
Cap Rate 7%
$1,622,471
$1.6M
Cap Rate 9%
$1,261,922
$1.3M
Market Conditions
NOI Build-Up for 3,630 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$217.4K $59.88/SF
− Vacancy
−$10.9K −$2.99/SF
EGI
$206.5K $56.89/SF
− OpEx
−$92.9K −$25.60/SF
NOI
$113.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,271,460
Cap Rate 7%
$1,622,471
Cap Rate 9%
$1,261,922
Alternative Uses
Best Use
Apartment 5plus
$1.62M
$1.42M – $1.89M
NOI $113,573 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.04M
$7.91M – $10.54M
NOI $632,491 @ 7.0% cap · market cap 30.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,150
Businesses Nearby
Explore this area
Business Placement
Demographics for 10031, NY
56,363
Population
24,110
Households
2.3
Avg Household Size
36
Median Age
41%
College-Educated
79%
High-School Grad
0.7 sq mi
ZIP Area
80,519
Density / Sq Mi
$65,067
Median Household Income
$41,149
Median Earnings
$1,787
Median Rent
$678,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Vacant townhouse in Hamilton Heights with a new roof, period woodwork, stained glass, and multiple original fireplaces.
Where is this multifamily property located?
The property is located at 465 W 144th Street New York Manhattan, NY.
What is the asking price?
The asking price for this property is $2,095,000.
What are key features of this property?
This property features: 1886‑built Tudor townhouse in the Hamilton Heights Historic District; 16‑foot ceilings, high windows, and a central staircase; Original mahogany and tiger oak woodwork with stained glass
