Three-Family Townhouse with Private
For Sale
Contact for pricing
51 East 130th Street, New York, NY 10037
Turnkey three-family townhouse includes a duplex owner layout with private rear garden and two one-bedroom rental units.
Property Size3,375 SF
Price / SF$696.30
Days on Market63
Property Features for 51 East 130th Street
General Information
Standard status
Active
Size
3,375 SF
Property subtype
Mixed Use
Listing Agency:
THE RICKY HADZOVIC GROUP LLC
Listed By:
Ujkan Hadzovic
(469) 323-3699
Source:
Crexi
Added: Jul 7
Changed: Sep 3
Last Checked: Sep 6 at 1:05PM
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 THE RICKY HADZOVIC GROUP LLC
Investment Insights
Based on property information with market context.
This turnkey three-family townhouse features a duplex owner layout with two bedrooms, two full bathrooms, and a dedicated home office with direct access to a private landscaped rear garden. The home also includes high ceilings, oversized windows, renovated interiors, and in-unit washer/dryers. The second and third floors are each configured as a one-bedroom, one-bathroom residence.
The property was originally constructed in 1920 and comprehensively rebuilt by New York City in 1997. It is supported by a legal three-family Certificate of Occupancy and has undergone significant capital improvements, including Mitsubishi Hyper-Heat heating and cooling systems throughout, independent 200-amp electrical service for each apartment, updated electrical panels and wiring, updated plumbing systems with independent shutoffs, and new roof (2021). Additional updates include multiple apartment renovations, dedicated water heaters for each unit (2024–2026), interconnected smoke detection, and a digital keypad entry system.
The owner-occupied duplex provides direct indoor-outdoor access, while the upper apartments provide independent rental residences as currently configured. Architectural plans exploring a potential conversion to a single-family residence are commissioned but not filed or approved by the City.
The property was originally constructed in 1920 and comprehensively rebuilt by New York City in 1997. It is supported by a legal three-family Certificate of Occupancy and has undergone significant capital improvements, including Mitsubishi Hyper-Heat heating and cooling systems throughout, independent 200-amp electrical service for each apartment, updated electrical panels and wiring, updated plumbing systems with independent shutoffs, and new roof (2021). Additional updates include multiple apartment renovations, dedicated water heaters for each unit (2024–2026), interconnected smoke detection, and a digital keypad entry system.
The owner-occupied duplex provides direct indoor-outdoor access, while the upper apartments provide independent rental residences as currently configured. Architectural plans exploring a potential conversion to a single-family residence are commissioned but not filed or approved by the City.
Key Highlights
- Renovated legal three‑family townhouse with Certificate of Occupancy, delivering three free‑market residences
- Duplex owner unit features 2 bedrooms, 2 full bathrooms, dedicated home office, and direct access to a private rear garden
- Two additional units: second and third floors each offer 1‑bedroom, 1‑bathroom apartments
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
$114,222
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
4.86%
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%
$2,284,440
$2.3M
Cap Rate 7%
$1,631,743
$1.6M
Cap Rate 9%
$1,269,133
$1.3M
Market Conditions
NOI Build-Up for 3,375 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
$172.1K $51.00/SF
− Vacancy
−$9.0K −$2.65/SF
EGI
$163.2K $48.35/SF
− OpEx
−$49.0K −$14.50/SF
NOI
$114.2K $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%
$2,284,440
Cap Rate 7%
$1,631,743
Cap Rate 9%
$1,269,133
Alternative Uses
Best Use
Multifamily LT 5
$1.63M
$1.43M – $1.90M
NOI $114,222 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$1.51M
$1.32M – $1.76M
NOI $105,595 @ 7.0% cap · market cap 4.49%
Theoretical Best
Specialty Retail
$8.40M
$7.35M – $9.80M
NOI $588,060 @ 7.0% cap · market cap 25.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,168
Businesses Nearby
Explore this area
Business Placement
Demographics for 10037, NY
19,670
Population
11,218
Households
1.8
Avg Household Size
39
Median Age
43%
College-Educated
86%
High-School Grad
0.2 sq mi
ZIP Area
98,350
Density / Sq Mi
$51,250
Median Household Income
$54,349
Median Earnings
$1,406
Median Rent
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Turnkey three-family townhouse includes a duplex owner layout with private rear garden and two one-bedroom rental units.
Where is this triplex located?
The property is located at 51 East 130th Street New York, NY.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Renovated legal three‑family townhouse with Certificate of Occupancy, delivering three free‑market residences; Duplex owner unit features 2 bedrooms, 2 full bathrooms, dedicated home office, and direct access to a private rear garden; Two additional units: second and third floors each offer 1‑bedroom, 1‑bathroom apartments
