Duplex Residential Income Property with
For Sale
$1,350,000
5 W 120TH Street 1, New York City, NY 10027
Townhouse-style condominium with private entrance, flexible lower-level space, renovated finishes, and access to shared rooftop amenities.
Property Size2,569 SF
Price / SF$525.50
Days on Market194
Property Features for 5 W 120TH Street 1
General Information
Standard status
Active
Size
2,569 SF
Property subtype
Duplex
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/3BA
Multifamily Units
1
Amenities
private garden
shared rooftop deck
central heating and air conditioning
in-unit washer dryer
Building Details
Building Size
2,569 SF
Year Built
1909
Construction
brownstone
Listing Agency:
Douglas Elliman Real Estate
(212) 531-7726
Listed By:
Brian A Phillips · License #10301208041
(212) 531-7726
Source:
Serhant
Added: Jan 28
Changed: Aug 8
Last Checked: Aug 10 at 10:01AM
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.
This townhouse-style duplex condo occupies approximately 2,569 square feet across two full floors in a meticulously renovated 1909 prewar brownstone. The two-bedroom, three-bathroom residence includes a private entrance, an open-concept kitchen, living, and dining area, hardwood floors, exposed brick, custom fixtures, and a decorative fireplace. The galley kitchen features a waterfall quartz island, Viking range, Fisher and Paykel refrigerator and freezer, and Bosch dishwasher.
The primary bedroom includes a sitting area, en suite bath, decorative fireplace, and direct access to a private garden patio. The second bedroom also opens to the garden through sliding doors. The lower level adds a separate closeted room, open recreation space, full bathroom, storage closet, and in-unit washer and dryer, with a second washer-dryer hookup on the main level. Central heating and air conditioning serve the residence.
The property is located within the Mount Morris Park Historic District on a permanently closed New York City Open Streets block. Outdoor features include a private garden and shared rooftop deck with open city views. Nearby transportation includes multiple subway lines, Metro North, Citi Bike stations, and bus routes.
The primary bedroom includes a sitting area, en suite bath, decorative fireplace, and direct access to a private garden patio. The second bedroom also opens to the garden through sliding doors. The lower level adds a separate closeted room, open recreation space, full bathroom, storage closet, and in-unit washer and dryer, with a second washer-dryer hookup on the main level. Central heating and air conditioning serve the residence.
The property is located within the Mount Morris Park Historic District on a permanently closed New York City Open Streets block. Outdoor features include a private garden and shared rooftop deck with open city views. Nearby transportation includes multiple subway lines, Metro North, Citi Bike stations, and bus routes.
Key Highlights
- Approximately 2,569 square feet across two full floors
- Two‑bedroom, three‑bathroom duplex condo with private entrance
- Private garden patio plus shared rooftop deck with open city views
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
$80,377
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
5.95%
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%
$1,607,540
$1.6M
Cap Rate 7%
$1,148,243
$1.1M
Cap Rate 9%
$893,078
$893.1K
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
$153.8K $59.88/SF
− Vacancy
−$7.7K −$2.99/SF
EGI
$146.1K $56.89/SF
− OpEx
−$65.8K −$25.60/SF
NOI
$80.4K $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%
$1,607,540
Cap Rate 7%
$1,148,243
Cap Rate 9%
$893,078
Alternative Uses
Best Use
Apartment 5plus
$1.15M
$1.00M – $1.34M
NOI $80,377 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
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
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Paved road access
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Townhouse-style condominium with private entrance, flexible lower-level space, renovated finishes, and access to shared rooftop amenities.
Where is this residential income property located?
The property is located at 5 W 120TH Street 1 New York City, 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: Approximately 2,569 square feet across two full floors; Two‑bedroom, three‑bathroom duplex condo with private entrance; Private garden patio plus shared rooftop deck with open city views
