Loft-Style Residential Income
New
For Sale
$1,149,000
111 Fulton Street 806, New York City, NY 10038
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 Market7
Property Features for 111 Fulton Street 806
General Information
Standard status
Active
Size
1,213 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$16,032
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
1,213 SF
Year Built
1940
Listing Agency:
POWERED BY DMT LLC
(301) 275-2640
Listed By:
William Kuchins
(301) 275-2640
Source:
Bondnyre
Added: Aug 4
Changed: Aug 10
Last Checked: Aug 10 at 9:44AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,951
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Specialty Retail
$3.02M
$2.64M – $3.52M
NOI $211,353 @ 7.0% cap · market cap 18.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
38,192
Businesses Nearby
Explore this area
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 New York City, 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
