Vacant Triplex
80 W 119TH Street, Manhattan, NY 10026
For Sale
$2,450,000
Legal three-family configuration with available plans for conversion to a two-family residence.
Property Size3,328 SF
Days on Market51
Property Features for 80 W 119TH Street
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
garden level
exposed brick
original ceiling timbers
large backyard
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Serhant
Listed By:
Stanley P Montfort
(908) 414-6006
Source:
Serhant
Added: Sep 18
Changed: Nov 7
Last Checked: Nov 6 at 4:34PM
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 Serhant
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Investment Insights
Based on property information with market context.
Built in 1909, this vacant Harlem townhouse is arranged as a legal three-family residence across four floors with a finished basement. The property includes a renovated garden level, updated plumbing and electrical systems, approximately 10-foot parlor ceilings, exposed brick, original ceiling timbers, and a substantial south-facing backyard. Conversion plans are available for a two-family layout, offering flexibility for a future owner-occupant arrangement.
The property is located within the landmarked Mount Morris Park Historic District, approximately half a block from Marcus Garvey Park. Dining, shopping, cultural destinations, and transportation options are nearby, including Red Rooster, Barawine, Settepani, Sottocasa, Sylvia's, and Harlem's Restaurant Row. Central Park and Fifth Avenue are also within walking distance. Walk Score is 98, Transit Score is 100, and bikeScore is 81.
The property is located within the landmarked Mount Morris Park Historic District, approximately half a block from Marcus Garvey Park. Dining, shopping, cultural destinations, and transportation options are nearby, including Red Rooster, Barawine, Settepani, Sottocasa, Sylvia's, and Harlem's Restaurant Row. Central Park and Fifth Avenue are also within walking distance. Walk Score is 98, Transit Score is 100, and bikeScore is 81.
Key Highlights
- Legal three‑family residence delivered vacant
- Four floors plus a finished basement
- Conversion plans available for a two‑family layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,632
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,252,640
$2.3M
Cap Rate 7%
$1,609,029
$1.6M
Cap Rate 9%
$1,251,467
$1.3M
Market Conditions
NOI Build-Up for 3,328 SF
Gross rent
$169.7K $51.00/SF
− Vacancy
−$8.8K −$2.65/SF
EGI
$160.9K $48.35/SF
− OpEx
−$48.3K −$14.50/SF
NOI
$112.6K $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%
$2,252,640
Cap Rate 7%
$1,609,029
Cap Rate 9%
$1,251,467
Alternative Uses
Best Use
Multifamily LT 5
$1.61M
$1.41M – $1.88M
NOI $112,632 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$1.49M
$1.30M – $1.74M
NOI $104,124 @ 7.0% cap · market cap 4.25%
Theoretical Best
Specialty Retail
$8.28M
$7.25M – $9.66M
NOI $579,871 @ 7.0% cap · market cap 23.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
8,671
Businesses Nearby
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Business Placement
Demographics for 10026, NY
35,644
Population
17,648
Households
2
Avg Household Size
37
Median Age
54%
College-Educated
90%
High-School Grad
0.4 sq mi
ZIP Area
89,110
Density / Sq Mi
$74,140
Median Household Income
$56,919
Median Earnings
$1,546
Median Rent
$1,014,100
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in New York County, NY
Properties on Market for Triplexes in New York County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Legal three-family configuration with available plans for conversion to a two-family residence.
Where is this triplex located?
The property is located at 80 W 119TH Street Manhattan, NY.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Legal three‑family residence delivered vacant; Four floors plus a finished basement; Conversion plans available for a two‑family layout
