Duplex with Two Three-Bed
For Sale
$1,888,000
77 Park Terrace W, New York City, NY 10034
Two three-bedroom apartments in a 1920 duplex with hardwood floors, finished basement, and a private two-car garage.
Property Size2,036 SF
Price / SF$927.31
Days on Market28
Property Features for 77 Park Terrace W
General Information
Standard status
Active
Size
2,036 SF
Total Parking Spaces
2
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$6,576
Amenities
Hardwood floors throughout
Finished basement
Unfinished attic with expansion possibilities
Excellent storage space
Building Details
Building Size
2,036 SF
Year Built
1920
Buildings
1
Tenancy
Multi
Listing Agency:
Compass
(347) 556-2910
Listed By:
Evelyn Jerez
(347) 556-2910
Source:
Miradorrealestate
Added: Jul 28
Changed: Aug 23
Last Checked: Aug 22 at 11:27AM
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 Compass
Investment Insights
Based on property information with market context.
77 Park Ter W is a duplex configured as two generous three-bedroom apartments within a home built in 1920. Hardwood floors throughout add to the classic interior character, while spacious room layouts support flexible day-to-day living for families, professionals, or multi-generational households.
The property includes a finished basement that provides additional bonus space, along with an unfinished attic that offers potential for future expansion, customization, or extra storage. A private two-car garage adds secure parking and further storage—an important convenience for a duplex home.
BikeScore of 61 (Bikeable), WalkScore of 85 (Very Walkable), and a TransitScore of 100 (Rider’s Paradise) reflect strong non-vehicular access to local destinations. The home is near parks and the Hudson River Greenway, and it is positioned close to restaurants, cafés, shopping, and transportation.
The property includes a finished basement that provides additional bonus space, along with an unfinished attic that offers potential for future expansion, customization, or extra storage. A private two-car garage adds secure parking and further storage—an important convenience for a duplex home.
BikeScore of 61 (Bikeable), WalkScore of 85 (Very Walkable), and a TransitScore of 100 (Rider’s Paradise) reflect strong non-vehicular access to local destinations. The home is near parks and the Hudson River Greenway, and it is positioned close to restaurants, cafés, shopping, and transportation.
Key Highlights
- Duplex configured as two three‑bedroom apartments
- Finished basement adds usable bonus space
- Unfinished attic offers expansion, customization, or storage potential
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
$68,906
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
3.65%
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%
$1,378,120
$1.4M
Cap Rate 7%
$984,371
$984.4K
Cap Rate 9%
$765,622
$765.6K
Market Conditions
NOI Build-Up for 2,036 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
$103.8K $51.00/SF
− Vacancy
−$5.4K −$2.65/SF
EGI
$98.4K $48.35/SF
− OpEx
−$29.5K −$14.50/SF
NOI
$68.9K $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 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%
$1,378,120
Cap Rate 7%
$984,371
Cap Rate 9%
$765,622
Alternative Uses
Best Use
Multifamily LT 5
$984.4K
$861.3K – $1.15M
NOI $68,906 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$910.0K
$796.3K – $1.06M
NOI $63,701 @ 7.0% cap · market cap 3.37%
Theoretical Best
Specialty Retail
$5.07M
$4.43M – $5.91M
NOI $354,753 @ 7.0% cap · market cap 18.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,857
Businesses Nearby
Explore this area
Business Placement
Demographics for 10034, NY
36,778
Population
16,599
Households
2.2
Avg Household Size
39
Median Age
39%
College-Educated
80%
High-School Grad
1.0 sq mi
ZIP Area
36,778
Density / Sq Mi
$69,786
Median Household Income
$47,553
Median Earnings
$1,621
Median Rent
$518,000
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?
Duplex - Two three-bedroom apartments in a 1920 duplex with hardwood floors, finished basement, and a private two-car garage.
Where is this duplex located?
The property is located at 77 Park Terrace W New York City, NY.
What is the asking price?
The asking price for this property is $1,888,000.
What are key features of this property?
This property features: Duplex configured as two three‑bedroom apartments; Finished basement adds usable bonus space; Unfinished attic offers expansion, customization, or storage potential
