Residential Income Property with Loft
119 FULTON Street 7A, Manhattan, NY 10038
For Sale
$1,398,000
Pending
Two-bedroom residence with 14-foot ceilings, custom finishes, and an in-unit washer and dryer.
Property Size1,471 SF
Days on Market218
Property Features for 119 FULTON Street 7A
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
part-time doorman
full-time superintendent
in-unit washer/dryer
Building Details
Building Size
Year Built
Stories
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Douglas M Bowen · License NY 30BO1013725
(646) 247-0822
Source:
Bondnyre
Added: Apr 6
Changed: Nov 7
Last Checked: Nov 8 at 4:41PM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
This residential income property is a 1,471-square-foot, south-facing loft residence within Fultonhaus, a 14-story condominium completed in 1919. The two-bedroom layout centers on an open kitchen, dining, and living area beneath 14-foot ceilings. Interior details include Poggenpohl cabinetry, marble counters, Viking and Bosch appliances, white oak flooring, a foyer walk-in closet, and an in-unit washer and dryer. The primary suite includes two large closets and a renovated en-suite bathroom with dual sinks and a walk-in shower. The secondary bedroom can also function as a home office.
Fultonhaus has two residences per floor, along with a part-time doorman and full-time superintendent. The property is near Fulton Center, with access to subway lines 2, 3, 4, 5, A, C, J, Z, and R/W, as well as the PATH. Westfield World Trade Center and the Oculus are nearby, along with restaurants, Eataly, and Whole Foods.
Fultonhaus has two residences per floor, along with a part-time doorman and full-time superintendent. The property is near Fulton Center, with access to subway lines 2, 3, 4, 5, A, C, J, Z, and R/W, as well as the PATH. Westfield World Trade Center and the Oculus are nearby, along with restaurants, Eataly, and Whole Foods.
Key Highlights
- 1,471 SF south‑facing two‑bedroom loft residence
- 14‑foot ceilings with open kitchen, dining, and living areas
- Poggenpohl cabinetry, marble countertops, and Viking and Bosch appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,024
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$920,480
$920.5K
Cap Rate 7%
$657,486
$657.5K
Cap Rate 9%
$511,378
$511.4K
Market Conditions
NOI Build-Up for 1,471 SF
Gross rent
$88.1K $59.88/SF
− Vacancy
−$4.4K −$2.99/SF
EGI
$83.7K $56.89/SF
− OpEx
−$37.7K −$25.60/SF
NOI
$46.0K $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%
$920,480
Cap Rate 7%
$657,486
Cap Rate 9%
$511,378
Alternative Uses
Best Use
Apartment 5plus
$657.5K
$575.3K – $767.1K
NOI $46,024 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$899.9K – $1.20M
NOI $71,989 @ 7.0% cap · market cap 5.15%
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
$865,700
Median Home Value
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Market
Average Price Trend$/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 - Two-bedroom residence with 14-foot ceilings, custom finishes, and an in-unit washer and dryer.
Where is this residential income property located?
The property is located at 119 FULTON Street 7A Manhattan, NY.
What is the asking price?
The asking price for this property is $1,398,000.
What are key features of this property?
This property features: 1,471 SF south‑facing two‑bedroom loft residence; 14‑foot ceilings with open kitchen, dining, and living areas; Poggenpohl cabinetry, marble countertops, and Viking and Bosch appliances
