Pre-War Apartment
For Sale
$2,000,000
621 W 138th Street, New York, NY 10031
Commercial Sale, New York, NY
Property Size2,535 SF
Price / SF$788.95
Days on Market155
Property Features for 621 W 138th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
8
Bathrooms
8
Full bathrooms
8
Rooms
Bathroom 1, Bathroom 7, Bedroom 7, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 3, Bathroom 5, Bathroom 6, Bathroom 8, Bedroom 3, Bathroom 4, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 8
Subdivision
Hamilton Heights
High school district
000000
Standard status
Active
Size
2,535 SF
Additional Details
Tenant in Place
Yes
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
Mitchell Simmons
Added: Jun 3
Changed: Nov 4
Last Checked: Nov 4 at 9:06AM
MLS# 11801399
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This pre-war multifamily property at 621 W 138th Street contains eight residential units within approximately 2,535 square feet. Constructed in 1920, the townhouse-style apartment building features classic architectural character and solid brick construction.
The property occupies a tree-lined residential block in Hamilton Heights, positioned between Broadway and Riverside Drive. Columbia University's Manhattanville Campus, The City College of New York, NewYork-Presbyterian Hospital, the 1 subway line at 137th St-City College, Riverside Park, and Riverbank State Park are identified in the surrounding area.
The property occupies a tree-lined residential block in Hamilton Heights, positioned between Broadway and Riverside Drive. Columbia University's Manhattanville Campus, The City College of New York, NewYork-Presbyterian Hospital, the 1 subway line at 137th St-City College, Riverside Park, and Riverbank State Park are identified in the surrounding area.
Key Highlights
- Eight residential units in a multifamily apartment building
- Approximately 2,535 square feet of property area
- Built in 1920 with pre‑war architectural character
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,313
Cap Rate
3.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,586,260
$1.6M
Cap Rate 7%
$1,133,043
$1.1M
Cap Rate 9%
$881,256
$881.3K
Market Conditions
NOI Build-Up for 2,535 SF
Gross rent
$151.8K $59.88/SF
− Vacancy
−$7.6K −$2.99/SF
EGI
$144.2K $56.89/SF
− OpEx
−$64.9K −$25.60/SF
NOI
$79.3K $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 Rate 5%
$1,586,260
Cap Rate 7%
$1,133,043
Cap Rate 9%
$881,256
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$991.4K – $1.32M
NOI $79,313 @ 7.0% cap · market cap 3.97%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.31M
$5.52M – $7.36M
NOI $441,698 @ 7.0% cap · market cap 22.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
4,496
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Brick multifamily property with eight residential units in a townhouse-style configuration.
Where is this apartment building located?
The property is located at 621 W 138th Street New York, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Eight residential units in a multifamily apartment building; Approximately 2,535 square feet of property area; Built in 1920 with pre‑war architectural character
