Multi-Family
For Sale
$2,200,000
596 W 152nd Street, New York, NY 10031
Commercial Sale, New York, NY
Property Size3,328 SF
Price / SF$661.06
Days on Market150
Property Features for 596 W 152nd Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 5, Bathroom 4, Bedroom 7, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 6, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2
Subdivision
Hamilton Heights
High school district
000000
Standard status
Active
Size
3,328 SF
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
Udi Eliasi · License #10301200058
Added: Mar 24
Changed: Aug 20
Last Checked: Aug 20 at 11:06AM
MLS# 11679933
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.
596 W 152nd Street is a classic Hamilton Heights multi-family townhouse delivered vacant. The property is positioned for immediate occupancy control, with the flexibility to renovate, reposition, and lease the space following applicable approvals and regulations. The layout includes seven bedrooms and five bathrooms.
Located just off Broadway in Upper Manhattan, the address provides convenient access to public transportation, including the nearby 1 train for travel throughout Manhattan. The property is also well-positioned near major higher-education and healthcare employers, including Columbia University’s Manhattanville campus, Columbia University Irving Medical Center, and The City College of New York.
For prospective tenants or buyers seeking a multi-family asset with on-day flexibility and a strong nearby demand base, this vacant delivery can support a straightforward path to leasing and ongoing management in a dense, transit-connected area.
Located just off Broadway in Upper Manhattan, the address provides convenient access to public transportation, including the nearby 1 train for travel throughout Manhattan. The property is also well-positioned near major higher-education and healthcare employers, including Columbia University’s Manhattanville campus, Columbia University Irving Medical Center, and The City College of New York.
For prospective tenants or buyers seeking a multi-family asset with on-day flexibility and a strong nearby demand base, this vacant delivery can support a straightforward path to leasing and ongoing management in a dense, transit-connected area.
Key Highlights
- Delivered vacant multi‑family townhouse on W 152nd Street
- Near the 1 train with access via public transportation
- Just off Broadway in Upper Manhattan
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
$104,124
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
4.73%
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%
$2,082,480
$2.1M
Cap Rate 7%
$1,487,486
$1.5M
Cap Rate 9%
$1,156,933
$1.2M
Market Conditions
NOI Build-Up for 3,328 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
$199.3K $59.88/SF
− Vacancy
−$10.0K −$2.99/SF
EGI
$189.3K $56.89/SF
− OpEx
−$85.2K −$25.60/SF
NOI
$104.1K $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%
$2,082,480
Cap Rate 7%
$1,487,486
Cap Rate 9%
$1,156,933
Alternative Uses
Best Use
Apartment 5plus
$1.49M
$1.30M – $1.74M
NOI $104,124 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.28M
$7.25M – $9.66M
NOI $579,871 @ 7.0% cap · market cap 26.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,977
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?
Multifamily property - Vacant multi-family townhome near the 1 train with 7 bedrooms and 5 bathrooms in Upper Manhattan.
Where is this multifamily property located?
The property is located at 596 W 152nd Street New York, 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: Delivered vacant multi‑family townhouse on W 152nd Street; Near the 1 train with access via public transportation; Just off Broadway in Upper Manhattan
