Duplex Residence with Private
118 Suffolk Street 1B, Manhattan, NY 10002
For Sale
$649,000
A lower-level bedroom, renovated kitchen, and washer and dryer add practical features to this two-level home.
Property Size750 SF
Price / SF$865.33
Days on Market33
Property Features for 118 Suffolk Street 1B
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Amenities
private patio
decorative fireplace
in-unit washer/dryer
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Nichole Thompson-Adams
(917) 548-6196
Source:
Philipscheinfeld
Added: Oct 8
Changed: Nov 9
Last Checked: Nov 8 at 3:14PM
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
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This 750-square-foot, one-bedroom duplex includes a private 11x15 patio. Exposed brick and a decorative fireplace distinguish the living room, while the renovated kitchen has walnut-stained cabinetry, Silestone countertops, a Verona range, a Blomberg refrigerator, and a Monogram dishwasher. The lower-level bedroom includes a custom 10-foot Elfa closet system, and the bathroom features Porcelanosa Firenze Nacar tile. A washer and dryer is positioned just outside the lower-level door. The property is in a townhouse built in 1910, identified as the former home of Baby Jane Holzer.
The home is at 118 Suffolk Street on Manhattan’s Lower East Side. Essex Market, Katz’s Delicatessen, Russ & Daughters, and the Tenement Museum are nearby, along with restaurants, galleries, and nightlife on Orchard, Ludlow, and Rivington Streets. Delancey St-Essex St station, served by the F, J, M, and Z trains, is a short walk away.
The home is at 118 Suffolk Street on Manhattan’s Lower East Side. Essex Market, Katz’s Delicatessen, Russ & Daughters, and the Tenement Museum are nearby, along with restaurants, galleries, and nightlife on Orchard, Ludlow, and Rivington Streets. Delancey St-Essex St station, served by the F, J, M, and Z trains, is a short walk away.
Key Highlights
- One‑bedroom duplex with 750 square feet of living space
- Private 11x15 patio
- Renovated kitchen with Verona range, Blomberg refrigerator, and Monogram dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,540
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,800
$470.8K
Cap Rate 7%
$336,286
$336.3K
Cap Rate 9%
$261,556
$261.6K
Market Conditions
NOI Build-Up for 750 SF
Gross rent
$44.9K $59.88/SF
− Vacancy
−$2.1K −$2.81/SF
EGI
$42.8K $57.07/SF
− OpEx
−$19.3K −$25.68/SF
NOI
$23.5K $31.39/SF
Area
ZIP 10002
Vacancy
4.70%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,800
Cap Rate 7%
$336,286
Cap Rate 9%
$261,556
Alternative Uses
Best Use
Apartment 5plus
$336.3K
$294.3K – $392.3K
NOI $23,540 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$524.3K
$458.8K – $611.7K
NOI $36,704 @ 7.0% cap · market cap 5.66%
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
19,434
Businesses Nearby
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Business Placement
Demographics for 10002, NY
82,155
Population
39,646
Households
2.1
Avg Household Size
41
Median Age
39%
College-Educated
71%
High-School Grad
0.8 sq mi
ZIP Area
102,694
Density / Sq Mi
$46,525
Median Household Income
$51,425
Median Earnings
$1,207
Median Rent
$808,500
Median Home Value
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Market
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Frequently Asked Questions
What type of property is this?
Residential income property - A lower-level bedroom, renovated kitchen, and washer and dryer add practical features to this two-level home.
Where is this residential income property located?
The property is located at 118 Suffolk Street 1B Manhattan, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: One‑bedroom duplex with 750 square feet of living space; Private 11x15 patio; Renovated kitchen with Verona range, Blomberg refrigerator, and Monogram dishwasher
