Loft-Style Residential Income
111 Fulton Street 806, Manhattan, NY 10038
For Sale
$1,149,000
Two-bedroom configuration with high ceilings, dedicated office space, and premium kitchen and bath finishes.
Property Size1,213 SF
Price / SF$947.24
Days on Market98
Property Features for 111 Fulton Street 806
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
24/7 doorman and concierge
library lounge with fireplace
private screening room
billiards room
fitness center
indoor lap pool
cold plunge
spa Jacuzzi
steam bath
sauna
yoga/exercise class studio
Building Details
Building Size
Year Built
Listing Agency:
POWERED BY DMT LLC
Listed By:
William Kuchins
(301) 275-2640
Source:
Bondnyre
Added: Aug 4
Changed: Nov 9
Last Checked: Nov 8 at 3:11PM
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 POWERED BY DMT LLC
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Investment Insights
Based on property information with market context.
This 1,213-square-foot loft-style residence has 12-foot ceilings, oversized tilt-and-turn windows, central air conditioning, and an in-unit washer/dryer. The home is currently arranged with two bedrooms and includes an open kitchen fitted with Miele appliances, a Liebherr refrigerator and freezer, a Ceran electric stove, Caesarstone countertops, and back-painted glass cabinetry. The primary suite includes a double vanity, glass-enclosed shower, and soaking tub. A separate office with its own full bathroom provides additional flexibility and can be converted to a second bedroom.
Building amenities span 18,000 square feet and include 24/7 doorman and concierge service, a library lounge with fireplace, screening room, billiards room, fitness center, indoor lap pool, cold plunge, spa Jacuzzi, steam bath, sauna, and yoga/exercise studio. Parking is available across the street. The property is moments from the Fulton Street transit hub, with access to the A, C, J, Z, 4, and 5 subway lines.
Building amenities span 18,000 square feet and include 24/7 doorman and concierge service, a library lounge with fireplace, screening room, billiards room, fitness center, indoor lap pool, cold plunge, spa Jacuzzi, steam bath, sauna, and yoga/exercise studio. Parking is available across the street. The property is moments from the Fulton Street transit hub, with access to the A, C, J, Z, 4, and 5 subway lines.
Key Highlights
- 1,213‑square‑foot loft‑style residence with 12‑foot ceilings
- Currently configured as a 2‑bedroom home with a separate office and full bathroom
- Miele appliances, Liebherr refrigerator and freezer, Ceran stove, and Caesarstone countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,951
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$759,020
$759.0K
Cap Rate 7%
$542,157
$542.2K
Cap Rate 9%
$421,678
$421.7K
Market Conditions
NOI Build-Up for 1,213 SF
Gross rent
$72.6K $59.88/SF
− Vacancy
−$3.6K −$2.99/SF
EGI
$69.0K $56.89/SF
− OpEx
−$31.1K −$25.60/SF
NOI
$38.0K $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%
$759,020
Cap Rate 7%
$542,157
Cap Rate 9%
$421,678
Alternative Uses
Best Use
Apartment 5plus
$542.2K
$474.4K – $632.5K
NOI $37,951 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$848.0K
$742.0K – $989.4K
NOI $59,362 @ 7.0% cap · market cap 5.17%
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
38,192
Businesses Nearby
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Business Placement
Demographics for 10038, NY
25,332
Population
12,624
Households
2
Avg Household Size
33
Median Age
62%
College-Educated
83%
High-School Grad
0.3 sq mi
ZIP Area
84,440
Density / Sq Mi
$115,121
Median Household Income
$87,698
Median Earnings
$3,140
Median Rent
$865,700
Median Home Value
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Market
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom configuration with high ceilings, dedicated office space, and premium kitchen and bath finishes.
Where is this residential income property located?
The property is located at 111 Fulton Street 806 Manhattan, NY.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: 1,213‑square‑foot loft‑style residence with 12‑foot ceilings; Currently configured as a 2‑bedroom home with a separate office and full bathroom; Miele appliances, Liebherr refrigerator and freezer, Ceran stove, and Caesarstone countertops
