Brownstone
For Sale
$2,250,000
530 W 148th Street, New York City, NY 10031
Four-story brownstone offering three residential units, a finished basement, and outdoor space.
Property Size4,624 SF
Days on Market187
Property Features for 530 W 148th Street
General Information
Standard status
Active
Size
4,624 SF
Property subtype
Multi Family
Occupancy
100%
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$15,696
Building Details
Building Size
4,624 SF
Year Built
1900
Buildings
1
Stories
4
Construction
brownstone
Tenancy
Multi
Listing Agency:
Compass
(917) 443-9357
Listed By:
Naomi Watanabe James
(917) 443-9357
Source:
Serhant
Added: Feb 5
Changed: Aug 11
Last Checked: Aug 10 at 10:00AM
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
Investment Insights
Based on property information with market context.
This 18-foot-wide brownstone rises four stories and contains three residential units. The owner’s duplex occupies the parlor and garden levels, with high ceilings, bay windows, an open kitchen, home office, primary and guest bedrooms, cellar access, and a south-facing garden. Two additional floor-through apartments each provide two bedrooms, a full bath, living room, kitchen, and substantial closet storage. The top-floor residence also includes a private terrace, while triple front windows, a skylight, and rear openings bring natural light throughout the building. A finished basement and mechanical systems described as being in excellent condition add to the property’s physical profile. Located at 530 W 148th Street in Hamilton Heights, the property is near Broadway, Amsterdam Avenue, Riverside Drive, and subway lines A, B, C, D, and 1. All three apartments are tenant-occupied and non-stabilized; the property will not be delivered vacant.
Key Highlights
- 18‑foot‑wide brownstone with four stories and three residential units
- Duplex spans the parlor and garden levels and includes a south‑facing garden
- Two additional floor‑through apartments each offer two bedrooms and one full bath
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
$156,493
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
6.96%
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%
$3,129,860
$3.1M
Cap Rate 7%
$2,235,614
$2.2M
Cap Rate 9%
$1,738,811
$1.7M
Market Conditions
NOI Build-Up for 4,624 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
$235.8K $51.00/SF
− Vacancy
−$12.3K −$2.65/SF
EGI
$223.6K $48.35/SF
− OpEx
−$67.1K −$14.50/SF
NOI
$156.5K $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%
$3,129,860
Cap Rate 7%
$2,235,614
Cap Rate 9%
$1,738,811
Alternative Uses
Best Use
Multifamily LT 5
$2.24M
$1.96M – $2.61M
NOI $156,493 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$2.07M
$1.81M – $2.41M
NOI $144,672 @ 7.0% cap · market cap 6.43%
Theoretical Best
Specialty Retail
$11.51M
$10.07M – $13.43M
NOI $805,686 @ 7.0% cap · market cap 35.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,193
Businesses Nearby
Explore this area
Business Placement
Demographics for 10031, NY
56,363
Population
24,110
Households
2.3
Avg Household Size
36
Median Age
41%
College-Educated
79%
High-School Grad
0.7 sq mi
ZIP Area
80,519
Density / Sq Mi
$65,067
Median Household Income
$41,149
Median Earnings
$1,787
Median Rent
$678,000
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?
Triplex - Four-story brownstone offering three residential units, a finished basement, and outdoor space.
Where is this triplex located?
The property is located at 530 W 148th Street New York City, NY.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 18‑foot‑wide brownstone with four stories and three residential units; Duplex spans the parlor and garden levels and includes a south‑facing garden; Two additional floor‑through apartments each offer two bedrooms and one full bath
