Residential Income Property with Loft
100 W 15th Street 4BC, Manhattan, NY 10011
For Sale
$995,000
Open residential layout combines classic architectural details with flexible room configuration and full-service building amenities.
Property Size900 SF
Price / SF$1,105
Days on Market69
Property Features for 100 W 15th Street 4BC
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
video intercom
laundry room
delivery locker
Building Details
Building Size
Year Built
Stories
Listing Agency:
Compass
Listed By:
Leeann Jaffee
(917) 626-2497
Source:
Nobleblackandpartners
Added: Sep 2
Changed: Nov 2
Last Checked: Nov 8 at 2:42PM
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
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Investment Insights
Based on property information with market context.
This 900-square-foot residential income property combines two studio layouts into one expansive loft-style residence. The interior includes 12-foot ceilings, two large arched windows extending from floor to ceiling, hardwood flooring, exposed brick, a cast iron column, and two full bathrooms. Additional rooms provide flexible space for storage, dressing, or pantry use, while the current plan can be reconfigured into a one-bedroom layout with a windowed partition.
The 1920 building contains 44 units across five stories and is equipped with an elevator, video intercom with remote access, a renovated laundry room, and a lobby delivery locker. A private storage cage may be rented subject to a waiting list. Pets and subletting are permitted with board approval. The property is one block from the 1/2/3/F/M/L/Path trains and sits between the Flatiron and Meatpacking Districts, with access to Union Square subway lines nearby.
The 1920 building contains 44 units across five stories and is equipped with an elevator, video intercom with remote access, a renovated laundry room, and a lobby delivery locker. A private storage cage may be rented subject to a waiting list. Pets and subletting are permitted with board approval. The property is one block from the 1/2/3/F/M/L/Path trains and sits between the Flatiron and Meatpacking Districts, with access to Union Square subway lines nearby.
Key Highlights
- 900 square feet with an open loft‑style configuration
- 12‑foot ceilings and two floor‑to‑ceiling arched windows
- Two full bathrooms plus flexible pantry, dressing, or storage rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,159
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,180
$563.2K
Cap Rate 7%
$402,271
$402.3K
Cap Rate 9%
$312,878
$312.9K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$53.9K $59.88/SF
− Vacancy
−$2.7K −$2.99/SF
EGI
$51.2K $56.89/SF
− OpEx
−$23.0K −$25.60/SF
NOI
$28.2K $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%
$563,180
Cap Rate 7%
$402,271
Cap Rate 9%
$312,878
Alternative Uses
Best Use
Apartment 5plus
$402.3K
$352.0K – $469.3K
NOI $28,159 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$629.2K
$550.6K – $734.1K
NOI $44,045 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,737
Businesses Nearby
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Business Placement
Demographics for 10011, NY
53,318
Population
35,049
Households
1.5
Avg Household Size
39
Median Age
79%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
88,863
Density / Sq Mi
$146,571
Median Household Income
$113,503
Median Earnings
$2,868
Median Rent
$1,165,800
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - Open residential layout combines classic architectural details with flexible room configuration and full-service building amenities.
Where is this residential income property located?
The property is located at 100 W 15th Street 4BC Manhattan, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 900 square feet with an open loft‑style configuration; 12‑foot ceilings and two floor‑to‑ceiling arched windows; Two full bathrooms plus flexible pantry, dressing, or storage rooms
