Renovated 10-Unit Apartment
For Sale
$5,200,000
56 E 130th Street, New York, NY 10037
Commercial Sale, New York, NY
Property Size7,230 SF
Lot Size0.06 Acres
Price / SF$719.23
Days on Market355
Property Features for 56 E 130th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
14
Bathrooms
10
Full bathrooms
10
Rooms
Bathroom 6, Bathroom 9, Bedroom 7, Bedroom 4, Bedroom 14, Bedroom 10, Bedroom 12, Bathroom 3, Bedroom 2, Bathroom 4, Bedroom 13, Bathroom 1, Bathroom 8, Bathroom 10, Bedroom 5, Bathroom 5, Bedroom 9, Bedroom 1, Bedroom 6, Bedroom 8, Bedroom 11, Bedroom 3, Bathroom 2, Bathroom 7
Subdivision
East Harlem
View
City
High school district
000000
Standard status
Active
Size
7,230 SF
Lot size
0.06 Acres
Amenities
central air
in-unit laundry
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
Chris Halliburton
Added: Sep 1, 2025
Changed: Aug 21
Last Checked: Aug 21 at 7:06PM
MLS# 11567147
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 56 E 130th Street in Central Harlem, this four-story apartment building contains 10 renovated free-market residential units with one- and two-bedroom layouts. The 7,230-square-foot property was built in 1900 with brick and masonry construction.
Each residence includes central air and in-unit laundry, while electric service is separately metered. The building measures 25 ft x 60 ft on a 25 ft x 100 ft lot and is zoned R7B and C1. The property is near restaurants, bars, shops, Morningside Park, Marcus Garvey Park, and train options.
Each residence includes central air and in-unit laundry, while electric service is separately metered. The building measures 25 ft x 60 ft on a 25 ft x 100 ft lot and is zoned R7B and C1. The property is near restaurants, bars, shops, Morningside Park, Marcus Garvey Park, and train options.
Key Highlights
- 10 renovated free‑market residential units with 1‑2 bed layouts
- 7,230 square feet across a 4‑story apartment building
- 25 ft x 100 ft lot with a 25 ft x 60 ft building footprint
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
$226,207
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
4.35%
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%
$4,524,140
$4.5M
Cap Rate 7%
$3,231,529
$3.2M
Cap Rate 9%
$2,513,411
$2.5M
Market Conditions
NOI Build-Up for 7,230 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
$432.9K $59.88/SF
− Vacancy
−$21.6K −$2.99/SF
EGI
$411.3K $56.89/SF
− OpEx
−$185.1K −$25.60/SF
NOI
$226.2K $31.29/SF
Area
New York, NY
Vacancy
5.00%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
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%
$4,524,140
Cap Rate 7%
$3,231,529
Cap Rate 9%
$2,513,411
Alternative Uses
Best Use
Apartment 5plus
$3.23M
$2.83M – $3.77M
NOI $226,207 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$18.00M
$15.75M – $21.00M
NOI $1,259,755 @ 7.0% cap · market cap 24.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
7,266
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Four-story brick building with free-market residences, central air, and in-unit laundry.
Where is this apartment building located?
The property is located at 56 E 130th Street New York, NY.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: 10 renovated free‑market residential units with 1‑2 bed layouts; 7,230 square feet across a 4‑story apartment building; 25 ft x 100 ft lot with a 25 ft x 60 ft building footprint
