Legal 3-Family Brick
For Sale
$1,698,888
Pending
5 E 117th St, New York, NY 10035
Brick legal three-family built in 2000, with a renovated first-floor 2 bed/1 bath unit and two upper apartments.
Property Size3,600 SF
Days on Market96
Property Features for 5 E 117th St
General Information
Standard status
Pending
Size
3,600 SF
Property subtype
Investment
Site & Location
Neighborhood
Harlem
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$13,769
Building Details
Building Size
3,600 SF
Year Built
2000
Units
3
Construction
brick
Tenancy
Multi
Listing Agency:
Realty Trends Corp
Listed By:
Cheryl Rosenthal · License #10311207324
(516) 312-3223
Source:
Elliman
Added: Jul 21
Changed: Oct 13
Last Checked: Oct 23 at 9:04AM
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 Realty Trends Corp
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Investment Insights
Based on property information with market context.
This brick legal 3-family residence was built in 2000 and is maintained in attractive condition. The first-floor apartment is a completely renovated 2-bedroom, 1-bath home. The second-floor offers an owner duplex with 3 bedrooms and 2 full baths. The final unit is a 2-bedroom, 1-bath apartment located above the owner duplex.
The property is located close to Central Park, described as within a two-block walk, and sits between Park Ave and 5th Ave.
With a total of three separate residential units arranged across the lower and upper floors, the building presents a straightforward multi-family configuration.
The property is located close to Central Park, described as within a two-block walk, and sits between Park Ave and 5th Ave.
With a total of three separate residential units arranged across the lower and upper floors, the building presents a straightforward multi-family configuration.
Key Highlights
- Legal 3‑family brick home built in 2000
- 1st‑floor unit: 2 bed, 1 bath apartment, completely renovated
- Owner duplex spans the 2nd and upper levels with 3 bedrooms and 2 full baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,837
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,436,740
$2.4M
Cap Rate 7%
$1,740,529
$1.7M
Cap Rate 9%
$1,353,744
$1.4M
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$183.6K $51.00/SF
− Vacancy
−$9.5K −$2.65/SF
EGI
$174.1K $48.35/SF
− OpEx
−$52.2K −$14.50/SF
NOI
$121.8K $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%
$2,436,740
Cap Rate 7%
$1,740,529
Cap Rate 9%
$1,353,744
Alternative Uses
Best Use
Multifamily LT 5
$1.74M
$1.52M – $2.03M
NOI $121,837 @ 7.0% cap · market cap 7.17%
Second Best
Apartment 5plus
$1.61M
$1.41M – $1.88M
NOI $112,634 @ 7.0% cap · market cap 6.63%
Theoretical Best
Specialty Retail
$8.96M
$7.84M – $10.45M
NOI $627,264 @ 7.0% cap · market cap 36.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8,504
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Brick legal three-family built in 2000, with a renovated first-floor 2 bed/1 bath unit and two upper apartments.
Where is this triplex located?
The property is located at 5 E 117th St New York, NY.
What is the asking price?
The asking price for this property is $1,698,888.
What are key features of this property?
This property features: Legal 3‑family brick home built in 2000; 1st‑floor unit: 2 bed, 1 bath apartment, completely renovated; Owner duplex spans the 2nd and upper levels with 3 bedrooms and 2 full baths
