Duplex with Detached
New
For Sale
$1,740,000
549 W 187th St, New York, NY 10033
A garden-level apartment, rear yard, and separate workshop add distinct living and work areas to the property.
Property Size3,080 SF
Days on Market1
Property Features for 549 W 187th St
General Information
Standard status
Active
Size
3,080 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Washington Heights
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$838
Amenities
rear garden
workshop/studio
Building Details
Building Size
3,080 SF
Year Built
1920
Buildings
1
Construction
brownstone
Listing Agency:
Find Properties
Listed By:
sonnie kim
(904) 772-5765
Source:
Elliman
Added: Oct 30
Last Checked: Oct 30 at 2:30PM
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 Find Properties
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Investment Insights
Based on property information with market context.
This two-family brownstone, built in 1920, has seven bedrooms and 3.5 bathrooms. The garden-level one-bedroom apartment has a separate entrance and access to the rear yard. A detached 225+ sq. ft. workshop at the rear features a window and 10-foot ceilings. Interior features include restored woodwork, fireplaces, updated kitchens, heated floors, skylights, and a washer and dryer.
The property is a 10-minute walk from the 1 train and five minutes from Harlem River Park, with access to the express A train. Restaurants and a Target are also nearby.
The property is a 10-minute walk from the 1 train and five minutes from Harlem River Park, with access to the express A train. Restaurants and a Target are also nearby.
Key Highlights
- Two‑family property with 7 bedrooms and 3.5 bathrooms
- Detached 225+sqft workshop with 10ft ceilings and a window
- Separate garden‑level 1‑bedroom apartment with its own entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,238
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,084,760
$2.1M
Cap Rate 7%
$1,489,114
$1.5M
Cap Rate 9%
$1,158,200
$1.2M
Market Conditions
NOI Build-Up for 3,080 SF
Gross rent
$157.1K $51.00/SF
− Vacancy
−$8.2K −$2.65/SF
EGI
$148.9K $48.35/SF
− OpEx
−$44.7K −$14.50/SF
NOI
$104.2K $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 Rate 5%
$2,084,760
Cap Rate 7%
$1,489,114
Cap Rate 9%
$1,158,200
Alternative Uses
Best Use
Multifamily LT 5
$1.49M
$1.30M – $1.74M
NOI $104,238 @ 7.0% cap · market cap 5.99%
Second Best
Mixed Use
$1.40M
$1.23M – $1.64M
NOI $98,175 @ 7.0% cap · market cap 5.64%
Theoretical Best
Specialty Retail
$7.67M
$6.71M – $8.94M
NOI $536,659 @ 7.0% cap · market cap 30.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,125
Businesses Nearby
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Business Placement
Demographics for 10033, NY
50,085
Population
21,338
Households
2.3
Avg Household Size
39
Median Age
41%
College-Educated
77%
High-School Grad
0.6 sq mi
ZIP Area
83,475
Density / Sq Mi
$75,585
Median Household Income
$41,655
Median Earnings
$1,742
Median Rent
$709,100
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A garden-level apartment, rear yard, and separate workshop add distinct living and work areas to the property.
Where is this duplex located?
The property is located at 549 W 187th St New York, NY.
What is the asking price?
The asking price for this property is $1,740,000.
What are key features of this property?
This property features: Two‑family property with 7 bedrooms and 3.5 bathrooms; Detached 225+sqft workshop with 10ft ceilings and a window; Separate garden‑level 1‑bedroom apartment with its own entrance
