Renovated Residential Income
For Sale
$595,000
105 BENNETT Avenue 55B, New York City, NY 10033
A two-bedroom, one-bath residence occupies the fifth floor of a pre-war building with a live-in superintendent.
Property Size800 SF
Price / SF$743.75
Days on Market9
Property Features for 105 BENNETT Avenue 55B
General Information
Standard status
Active
Size
800 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,560
Building Details
Building Size
800 SF
Year Built
1939
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Ian McGowan
(212) 906-0500
Source:
Carlinwright
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 21 at 5:24AM
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 Brown Harris Stevens Residential Sales LLC
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Investment Insights
Based on property information with market context.
This renovated fifth-floor residence in a 1939 pre-war building offers two bedrooms and one bathroom across 800 square feet. The layout includes an entry hall with two closets and a combined living and dining area. The kitchen is equipped with a range, refrigerator, dishwasher, and microwave, alongside Corian and granite counters and white lacquer cabinetry. Both bedrooms have closets; additional interior features include hardwood floors, recessed lighting, new windows, and a windowed bathroom with subway tile. The building has a live-in superintendent.
The property is in Washington Heights, with access to the A and 1 subway lines and M4 and M98 bus routes. The Met Cloisters and Fort Tryon Park are nearby; the park has approximately eight miles of walking and running paths and a dog run. Local restaurants, cafes, and shops are also part of the surrounding neighborhood.
The property is in Washington Heights, with access to the A and 1 subway lines and M4 and M98 bus routes. The Met Cloisters and Fort Tryon Park are nearby; the park has approximately eight miles of walking and running paths and a dog run. Local restaurants, cafes, and shops are also part of the surrounding neighborhood.
Key Highlights
- 800‑square‑foot, two‑bedroom residence on the fifth floor
- Renovated interior in a 1939 pre‑war building
- Kitchen includes range, refrigerator, dishwasher, and microwave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,030
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,600
$500.6K
Cap Rate 7%
$357,571
$357.6K
Cap Rate 9%
$278,111
$278.1K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$47.9K $59.88/SF
− Vacancy
−$2.4K −$2.99/SF
EGI
$45.5K $56.89/SF
− OpEx
−$20.5K −$25.60/SF
NOI
$25.0K $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%
$500,600
Cap Rate 7%
$357,571
Cap Rate 9%
$278,111
Alternative Uses
Best Use
Apartment 5plus
$357.6K
$312.9K – $417.2K
NOI $25,030 @ 7.0% cap · market cap 4.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,392 @ 7.0% cap · market cap 23.43%
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
4,665
Businesses Nearby
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Business Placement
Demographics for 10033, NY
50,085
Population
21,338
Households
2.3
Avg Household Size
39
Median Age
41%
College-Educated
77%
High-School Grad
0.6 sq mi
ZIP Area
83,475
Density / Sq Mi
$75,585
Median Household Income
$41,655
Median Earnings
$1,742
Median Rent
$709,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom, one-bath residence occupies the fifth floor of a pre-war building with a live-in superintendent.
Where is this residential income property located?
The property is located at 105 BENNETT Avenue 55B New York City, NY.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 800‑square‑foot, two‑bedroom residence on the fifth floor; Renovated interior in a 1939 pre‑war building; Kitchen includes range, refrigerator, dishwasher, and microwave
