3-Unit
513 1/2 E 118th Street, New York City, NY 10035
For Sale
$1,595,000
Three market-rate residences include a ground-level duplex and two upper-floor units.
Property Size3,072 SF
Lot Size0.04 Acres
Price / SF$519.21
Days on Market155
Property Features for 513 1/2 E 118th Street
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
back yard
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Compass
Listed By:
Jon S Millhollon
(917) 488-8096
Source:
Dallien
Added: Jun 8
Changed: Nov 8
Last Checked: Nov 8 at 8:46PM
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 Compass
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,072-square-foot townhouse is arranged as three market-rate residences: a duplex at ground level and one full-floor unit on each of the two floors above. The building has a new roof and a rear yard. Built in 1899, it occupies a 1,682-square-foot lot and measures 16.67 feet wide by 48 feet deep.
Key Highlights
- Three market‑rate units: a ground‑floor duplex and two full‑floor residences above
- 3,072‑square‑foot building on a 1,682‑square‑foot lot
- Building measures 16.67 feet wide by 48 feet deep
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,968
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,079,360
$2.1M
Cap Rate 7%
$1,485,257
$1.5M
Cap Rate 9%
$1,155,200
$1.2M
Market Conditions
NOI Build-Up for 3,072 SF
Gross rent
$156.7K $51.00/SF
− Vacancy
−$8.1K −$2.65/SF
EGI
$148.5K $48.35/SF
− OpEx
−$44.6K −$14.50/SF
NOI
$104.0K $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%
$2,079,360
Cap Rate 7%
$1,485,257
Cap Rate 9%
$1,155,200
Alternative Uses
Best Use
Multifamily LT 5
$1.49M
$1.30M – $1.73M
NOI $103,968 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $96,115 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,339 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,661
Businesses Nearby
Explore this area
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
$663,500
Median Home Value
Market
Average Price Trend$/SF for Triplexes in New York County, NY
Properties on Market for Triplexes in New York County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three market-rate residences include a ground-level duplex and two upper-floor units.
Where is this triplex located?
The property is located at 513 1/2 E 118th Street New York City, NY.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Three market‑rate units: a ground‑floor duplex and two full‑floor residences above; 3,072‑square‑foot building on a 1,682‑square‑foot lot; Building measures 16.67 feet wide by 48 feet deep
