Historic Townhouse
New
For Sale
$3,900,000
473 W 143rd St TH, New York, NY 10031
A private-entry one-bedroom apartment adds a separate residential component with rental potential.
Property Size4,825 SF
Days on Market3
Property Features for 473 W 143rd St TH
General Information
Standard status
Active
Size
4,825 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$10,781
Building Details
Building Size
4,825 SF
Year Built
1920
Units
2
Listed By:
MARIANNE C SPRAGGINS
(646) 494-2865
Source:
Elliman
Added: Sep 29
Last Checked: Oct 1 at 11:57AM
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 MARIANNE C SPRAGGINS
Investment Insights
Based on property information with market context.
This five-story duplex townhouse contains 4,825 SF on a 17' x 100' lot. The owner's residence includes five bedrooms, three and a half baths, a finished lower level with another full bath, and original woodwork and pocket doors. Seven fireplaces remain, four of them operational. A separate one-bedroom apartment has its own entrance and can be incorporated into the main residence to create a six-bedroom home.
Two landscaped outdoor areas include a garden and a rooftop terrace, each equipped with an outdoor kitchen. The property is within the Hamilton Heights Historic District, near Hamilton Grange, Hamilton Terrace and City College's Gothic campus. Midtown is a 15-minute express subway ride away. WalkScore is 93, TransitScore is 100 and BikeScore is 77.
Two landscaped outdoor areas include a garden and a rooftop terrace, each equipped with an outdoor kitchen. The property is within the Hamilton Heights Historic District, near Hamilton Grange, Hamilton Terrace and City College's Gothic campus. Midtown is a 15-minute express subway ride away. WalkScore is 93, TransitScore is 100 and BikeScore is 77.
Key Highlights
- 5‑story townhouse with 4,825 SF on a 17' x 100' lot
- Separate one‑bedroom apartment with private entrance
- Seven fireplaces, including four that work
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
$163,295
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
4.19%
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%
$3,265,900
$3.3M
Cap Rate 7%
$2,332,786
$2.3M
Cap Rate 9%
$1,814,389
$1.8M
Market Conditions
NOI Build-Up for 4,825 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
$246.1K $51.00/SF
− Vacancy
−$12.8K −$2.65/SF
EGI
$233.3K $48.35/SF
− OpEx
−$70.0K −$14.50/SF
NOI
$163.3K $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 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%
$3,265,900
Cap Rate 7%
$2,332,786
Cap Rate 9%
$1,814,389
Alternative Uses
Best Use
Multifamily LT 5
$2.33M
$2.04M – $2.72M
NOI $163,295 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$2.16M
$1.89M – $2.52M
NOI $150,961 @ 7.0% cap · market cap 3.87%
Theoretical Best
Specialty Retail
$12.01M
$10.51M – $14.01M
NOI $840,708 @ 7.0% cap · market cap 21.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,962
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - A private-entry one-bedroom apartment adds a separate residential component with rental potential.
Where is this duplex located?
The property is located at 473 W 143rd St TH New York, NY.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 5‑story townhouse with 4,825 SF on a 17' x 100' lot; Separate one‑bedroom apartment with private entrance; Seven fireplaces, including four that work
