Triplex Residential Income
For Sale
$3,495,000
81 WHITE Street 1W, Manhattan, NY 10013
A flexible loft residence pairs a private outdoor area with a long lower level for additional uses.
Property Size4,730 SF
Price / SF$738.90
Days on Market34
Property Features for 81 WHITE Street 1W
General Information
Standard status
Active
Size
4,730 SF
Elevators
Yes
Property subtype
Triplex
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$15,996
Amenities
renovated lobby
virtual doorman
video intercom system
full-time superintendent
pet-friendly living
private outdoor space
central heating and air conditioning
Building Details
Building Size
4,730 SF
Year Built
1881
Buildings
1
Stories
5
Construction
cast-iron
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Nadia Bartolucci · License #10401204719
(646) 673-0614
Source:
Philipscheinfeld
Added: Sep 30
Changed: Nov 1
Last Checked: Nov 1 at 12:38PM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
This 4,730-square-foot triplex residence has a private White Street entrance, a great room with ceilings exceeding 18 feet, and distinct living and dining areas around a central kitchen. Its current layout includes two bedrooms, two mezzanine sleeping areas, and four bathrooms. The lower level extends nearly 100 feet, and private outdoor space adds another component to the property. Central heating and air conditioning serve the residence.
The unit is within a five-story cast-iron condominium building constructed in 1881. Building amenities include an elevator, renovated lobby, virtual doorman, video intercom, and full-time superintendent. The property is on a cobblestone block in Tribeca, near restaurants, galleries, cultural destinations, and SoHo shopping and dining. Subway access includes the 6, N, Q, R, W, J, and Z trains, with Citi Bike stations nearby.
The unit is within a five-story cast-iron condominium building constructed in 1881. Building amenities include an elevator, renovated lobby, virtual doorman, video intercom, and full-time superintendent. The property is on a cobblestone block in Tribeca, near restaurants, galleries, cultural destinations, and SoHo shopping and dining. Subway access includes the 6, N, Q, R, W, J, and Z trains, with Citi Bike stations nearby.
Key Highlights
- 4,730‑square‑foot triplex residence
- Great room ceilings rise more than 18 feet
- Two bedrooms, two mezzanine sleeping areas, and four bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,989
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,959,780
$3.0M
Cap Rate 7%
$2,114,129
$2.1M
Cap Rate 9%
$1,644,322
$1.6M
Market Conditions
NOI Build-Up for 4,730 SF
Gross rent
$283.2K $59.88/SF
− Vacancy
−$14.2K −$2.99/SF
EGI
$269.1K $56.89/SF
− OpEx
−$121.1K −$25.60/SF
NOI
$148.0K $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%
$2,959,780
Cap Rate 7%
$2,114,129
Cap Rate 9%
$1,644,322
Alternative Uses
Best Use
Apartment 5plus
$2.11M
$1.85M – $2.47M
NOI $147,989 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.77M
$10.30M – $13.74M
NOI $824,155 @ 7.0% cap · market cap 23.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
1
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
36,544
Businesses Nearby
Explore this area
Business Placement
Demographics for 10013, NY
31,042
Population
15,933
Households
1.9
Avg Household Size
36
Median Age
72%
College-Educated
89%
High-School Grad
0.5 sq mi
ZIP Area
62,084
Density / Sq Mi
$159,474
Median Household Income
$92,765
Median Earnings
$2,378
Median Rent
$2,000,001
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A flexible loft residence pairs a private outdoor area with a long lower level for additional uses.
Where is this residential income property located?
The property is located at 81 WHITE Street 1W Manhattan, NY.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: 4,730‑square‑foot triplex residence; Great room ceilings rise more than 18 feet; Two bedrooms, two mezzanine sleeping areas, and four bathrooms
