Romanesque Revival Four-Unit
531 West 149th Street Manhattan, NY 10031
531 West 149th Street, Manhattan, NY, 10031
$2,200,000
For Sale
$2,200,000
Four free-market residences in a Romanesque Revival building with recent roof replacement and a skylit central stair hall.
Property Size4,300 SF
Price / SF$511.63
Days on Market9
Property Features for 531 West 149th Street
General Information
- Standard status
- Active
- Size
- 4,300 SF
- Property subtype
- Multi Family Townhouse
Building Details
- Year Built
- 1920
Listing agency
Corcoran Group
(516) 443-0171
Listed by
Stefania Cardinali · License #10301201130
(516) 443-0171
Source
Compass
Added: Jul 14 Updated: Jul 21 at 3:20AM Checked: Jul 21 at 3:20AM
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 Corcoran Group
Investment Insights
Based on property information with market context.
Located at 531 West 149th Street, this Romanesque Revival building is currently arranged as four free-market residences. Interiors feature mosaic tile floors, rich wood paneling, wainscoting, transoms, millwork, and carved fireplace ensembles throughout key rooms, including carved wood mantels with overmantel mirrors, patterned ceramic tile surrounds, and sculptural cast-iron fireboxes. Elevated ceilings, moldings, trim, and tall windows with interior shutters add to the period character, while a galvanized steel skylight illuminates the central stair hall with changing light. Each full-floor residence includes both front and rear entrances, offering flexibility while preserving the home’s original flow. A roof replacement has been completed as part of ongoing maintenance.
Set in the historic Sugar Hill area of Hamilton Heights, the property is described as being within blocks of Riverside Park and Riverbank State Park, and within minutes of institutions including Columbia University and City College. The surrounding area also provides access to essential amenities, with convenient bridge, tunnel, train, bus, and highway options for travel in and out of Manhattan.
Set in the historic Sugar Hill area of Hamilton Heights, the property is described as being within blocks of Riverside Park and Riverbank State Park, and within minutes of institutions including Columbia University and City College. The surrounding area also provides access to essential amenities, with convenient bridge, tunnel, train, bus, and highway options for travel in and out of Manhattan.
Key Highlights
- Romanesque Revival building with four free‑market residences
- Recent roof replacement
- Skylit central stair hall with galvanized steel skylight
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $219.3k | $51.00 |
| − Vacancy | −$11.4k | −$2.65 |
| EGI | $207.9k | $48.35 |
| − OpEx | −$62.4k | −$14.50 |
| NOI | $145.5k | $33.84 |
4,300 SF · lease $51.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.08M
$1.82M – $2.43M
NOI $145,527 @ 7.0% cap · market cap 6.61%
Second Best
Apartment 5plus
$1.92M
$1.68M – $2.24M
NOI $134,535 @ 7.0% cap · market cap 6.12%
Theoretical Best
Specialty Retail
$10.70M
$9.37M – $12.49M
NOI $749,232 @ 7.0% cap · market cap 34.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four free-market residences in a Romanesque Revival building with recent roof replacement and a skylit central stair hall.
Where is this quadplex located?
The property is located at 531 West 149th Street Manhattan, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Romanesque Revival building with four free‑market residences; Recent roof replacement; Skylit central stair hall with galvanized steel skylight
