Two-Bedroom Residential Income
106 W 116th Street 5A, Manhattan, NY 10026
For Sale
$899,000
Bright apartment offers an open kitchen, in-unit laundry, deeded storage, and access to fitness and outdoor building amenities.
Property Size1,064 SF
Price / SF$844.92
Days on Market61
Property Features for 106 W 116th Street 5A
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
gym
bike room
common garden
landscaped terrace
roof deck
video intercom
in-unit washer/dryer
deeded storage unit
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Emily Mencke
(917) 975-0619
Source:
Bondnyre
Added: Sep 8
Changed: Nov 7
Last Checked: Nov 6 at 3:56PM
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 1,064-square-foot apartment at 106 W 116th Street 5A includes two bedrooms and two full bathrooms. The interior combines a generous living and dining area with built-in shelving, an open kitchen with breakfast bar, full-sized appliances, and substantial cabinet and closet storage. Additional features include an in-unit washer and dryer, city-quiet windows, PTAC units for zoned heating and air conditioning, and a deeded storage unit. The primary bedroom has an en-suite bathroom and extensive closet space.
Built in 2006, the building provides a roof deck, landscaped terrace, common garden courtyard, gym, bike room, video intercom, and pet-friendly policies. The property is adjacent to the 2/3 train and within walking distance of the B/C and 4/6 trains, Central Park, Morningside Park, Marcus Garvey Park, and the 125th shopping district. A tax abatement remains in place until 2033.
Built in 2006, the building provides a roof deck, landscaped terrace, common garden courtyard, gym, bike room, video intercom, and pet-friendly policies. The property is adjacent to the 2/3 train and within walking distance of the B/C and 4/6 trains, Central Park, Morningside Park, Marcus Garvey Park, and the 125th shopping district. A tax abatement remains in place until 2033.
Key Highlights
- 1,064‑square‑foot apartment with two bedrooms and two full bathrooms
- Open kitchen with breakfast bar, full‑sized appliances, and extensive cabinet storage
- Deeded storage unit plus in‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,290
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,800
$665.8K
Cap Rate 7%
$475,571
$475.6K
Cap Rate 9%
$369,889
$369.9K
Market Conditions
NOI Build-Up for 1,064 SF
Gross rent
$63.7K $59.88/SF
− Vacancy
−$3.2K −$2.99/SF
EGI
$60.5K $56.89/SF
− OpEx
−$27.2K −$25.60/SF
NOI
$33.3K $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%
$665,800
Cap Rate 7%
$475,571
Cap Rate 9%
$369,889
Alternative Uses
Best Use
Apartment 5plus
$475.6K
$416.1K – $554.8K
NOI $33,290 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,391 @ 7.0% cap · market cap 20.62%
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
8,927
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 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 - Bright apartment offers an open kitchen, in-unit laundry, deeded storage, and access to fitness and outdoor building amenities.
Where is this residential income property located?
The property is located at 106 W 116th Street 5A Manhattan, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 1,064‑square‑foot apartment with two bedrooms and two full bathrooms; Open kitchen with breakfast bar, full‑sized appliances, and extensive cabinet storage; Deeded storage unit plus in‑unit washer and dryer
