Townhouse-Style Duplex
For Sale
$1,350,000
5 120TH ST, New York, NY 10027
Townhouse-style duplex condo with private entrance, recreation room, office flexibility, and outdoor space including a private garden.
Property Size2,569 SF
Price / SF$525.50
Days on Market215
Property Features for 5 120TH ST
General Information
Standard status
Active
Size
2,569 SF
Property subtype
Duplex
Amenities
Central Air
Dishwasher
High Ceiling
3
Deck, Patio
Deck. Storage Area.
Garden, Extra Storage. Other.
Building Details
Year Built
1909
Stories
2
Listing Agency:
(718) 884-5815
Listed By:
Douglas Elliman Real Estate
(212) 531-7726
Source:
Xome
Added: Jan 7
Changed: Aug 8
Last Checked: Aug 9 at 5:10AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
Townhouse-scale duplex condominium in a renovated prewar brownstone, configured as a full-floor residence across two full levels. The layout includes an open concept living, dining, and kitchen area, hardwood floors, exposed brick, and a decorative fireplace, along with a chef’s kitchen featuring an island and premium appliances. The home offers two bedrooms and three bathrooms, with updated bathrooms including rainfall showerheads and a deep soaking tub on the second full bath. Additional highlights include central heating and air conditioning, in-unit washer/dryer on the lower level, and a second washer/dryer hookup on the main living level. The lower level adds flexible space with a recreation area and a separate closeted room suitable for a home office or additional sleeping, plus a full bathroom and storage. Outdoor space includes a private garden and a shared rooftop deck.
The street is part of the New York City Open Streets program and is permanently closed to through traffic, with access limited to residents only, creating a quieter, more residential setting. The property is in the Mount Morris Park Historic District. Open houses are by appointment only, with advance scheduling required.
Access to transit is described as nearby subway service for 2, 3, 4, 5, 6, and A, B, C, D subway lines, along with Metro-North, Citi Bike stations, and multiple bus routes. Nearby retail and neighborhood amenities are also referenced throughout the surrounding area.
The street is part of the New York City Open Streets program and is permanently closed to through traffic, with access limited to residents only, creating a quieter, more residential setting. The property is in the Mount Morris Park Historic District. Open houses are by appointment only, with advance scheduling required.
Access to transit is described as nearby subway service for 2, 3, 4, 5, 6, and A, B, C, D subway lines, along with Metro-North, Citi Bike stations, and multiple bus routes. Nearby retail and neighborhood amenities are also referenced throughout the surrounding area.
Key Highlights
- Townhouse‑style duplex condo with private entrance in a renovated 1909 prewar brownstone in the Mount Morris Park Historic District
- Approximately 2,569 SF across two full floors; the largest 2‑bedroom, 3‑bath residence in the building
- Two outdoor spaces: private garden patio plus a shared rooftop deck
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
$86,944
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
6.44%
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%
$1,738,880
$1.7M
Cap Rate 7%
$1,242,057
$1.2M
Cap Rate 9%
$966,044
$966.0K
Market Conditions
NOI Build-Up for 2,569 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
$131.0K $51.00/SF
− Vacancy
−$6.8K −$2.65/SF
EGI
$124.2K $48.35/SF
− OpEx
−$37.3K −$14.50/SF
NOI
$86.9K $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%
$1,738,880
Cap Rate 7%
$1,242,057
Cap Rate 9%
$966,044
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.09M – $1.45M
NOI $86,944 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$1.15M
$1.00M – $1.34M
NOI $80,377 @ 7.0% cap · market cap 5.95%
Theoretical Best
Specialty Retail
$6.39M
$5.60M – $7.46M
NOI $447,623 @ 7.0% cap · market cap 33.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,671
Businesses Nearby
Explore this area
Business Placement
Demographics for 10027, NY
64,037
Population
28,038
Households
2.3
Avg Household Size
32
Median Age
52%
College-Educated
87%
High-School Grad
0.9 sq mi
ZIP Area
71,152
Density / Sq Mi
$64,220
Median Household Income
$44,231
Median Earnings
$1,609
Median Rent
$915,000
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?
Duplex - Townhouse-style duplex condo with private entrance, recreation room, office flexibility, and outdoor space including a private garden.
Where is this duplex located?
The property is located at 5 120TH ST New York, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Townhouse‑style duplex condo with private entrance in a renovated 1909 prewar brownstone in the Mount Morris Park Historic District; Approximately 2,569 SF across two full floors; the largest 2‑bedroom, 3‑bath residence in the building; Two outdoor spaces: private garden patio plus a shared rooftop deck
