Two-Bedroom Residential Income
108 W 138TH Street 2C, Manhattan, NY 10030
For Sale
$669,000
The home combines an open living and dining area with a separate kitchen and in-unit washer/dryer hookup.
Property Size1,018 SF
Price / SF$657.17
Days on Market166
Property Features for 108 W 138TH Street 2C
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
video intercom
fitness center
laundry facilities
private storage
shared garden
washer/dryer hookup
Building Details
Building Size
Year Built
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Whitney S Osentoski · License NY 40OS1071061
(212) 381-2560
Source:
Miradorrealestate
Added: May 28
Changed: Nov 9
Last Checked: Nov 8 at 3:09PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,018-square-foot, two-bedroom, two-bathroom residence has hardwood floors, oversized windows, and a north-facing exposure. The kitchen features stainless steel appliances and granite counters, with the living and dining space adjoining it. A walk-in closet serves the primary suite, and a washer/dryer hookup is provided. The property was built in 2010.
Building amenities include an elevator, video intercom, fitness center, laundry facilities, private storage, and a shared garden. The residence is three blocks from the 2/3 subway at Lenox Avenue and West 135th Street. Whole Foods on 125th Street, dining, parking, and essential services are also nearby.
Building amenities include an elevator, video intercom, fitness center, laundry facilities, private storage, and a shared garden. The residence is three blocks from the 2/3 subway at Lenox Avenue and West 135th Street. Whole Foods on 125th Street, dining, parking, and essential services are also nearby.
Key Highlights
- 1,018‑square‑foot residence with two bedrooms and two bathrooms
- Renovated interior with hardwood floors and oversized windows
- Kitchen includes stainless steel appliances and granite counters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,850
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,000
$637.0K
Cap Rate 7%
$455,000
$455.0K
Cap Rate 9%
$353,889
$353.9K
Market Conditions
NOI Build-Up for 1,018 SF
Gross rent
$61.0K $59.88/SF
− Vacancy
−$3.0K −$2.99/SF
EGI
$57.9K $56.89/SF
− OpEx
−$26.1K −$25.60/SF
NOI
$31.9K $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%
$637,000
Cap Rate 7%
$455,000
Cap Rate 9%
$353,889
Alternative Uses
Best Use
Apartment 5plus
$455.0K
$398.1K – $530.8K
NOI $31,850 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$711.7K
$622.7K – $830.3K
NOI $49,819 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,506
Businesses Nearby
Explore this area
Business Placement
Demographics for 10030, NY
29,686
Population
14,602
Households
2
Avg Household Size
36
Median Age
35%
College-Educated
78%
High-School Grad
0.3 sq mi
ZIP Area
98,953
Density / Sq Mi
$42,738
Median Household Income
$37,388
Median Earnings
$1,204
Median Rent
$810,100
Median Home Value
Market
Average Price Trend$/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 - The home combines an open living and dining area with a separate kitchen and in-unit washer/dryer hookup.
Where is this residential income property located?
The property is located at 108 W 138TH Street 2C Manhattan, NY.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: 1,018‑square‑foot residence with two bedrooms and two bathrooms; Renovated interior with hardwood floors and oversized windows; Kitchen includes stainless steel appliances and granite counters
