Manhattan Valley 1-Bedroom
For Sale
$484,900
Pending
4 W 109 St 4F, New York, NY 10025
Sophisticated 1-bedroom co-op in Manhattan Valley with modern amenities.
Property Size650 SF
Days on Market269
Property Features for 4 W 109 St 4F
General Information
Standard status
Pending
Size
650 SF
Property subtype
Residential
Building Details
Building Size
650 SF
Year Built
1890
Listing Agency:
ICONIC PROS
(929) 273-8757
Listed By:
Shail Barot · License #10401343910
(929) 273-8757
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 15
Last Checked: Aug 24 at 8:31AM
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 ICONIC PROS
Investment Insights
Based on property information with market context.
Located in Manhattan Valley, this 1-bedroom co-op features a spacious living room with natural light and a generously sized bedroom. The recently renovated kitchen includes modern appliances and a spacious pantry. The property also features a well-maintained bathroom. Building amenities include a part-time doorman, a roof deck with a grill, a curated garden, a central laundry room, a children's playroom, a fitness center, storage, and a bike room. The building is pet and pied-a-terre friendly.
Key Highlights
- Prime Manhattan Valley location.
- Recently renovated kitchen with modern appliances and spacious pantry.**
- Roof deck with grill and curated garden.**
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
$21,396
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
4.41%
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%
$427,920
$427.9K
Cap Rate 7%
$305,657
$305.7K
Cap Rate 9%
$237,733
$237.7K
Market Conditions
NOI Build-Up for 650 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
$41.0K $63.00/SF
− Vacancy
−$2.0K −$3.15/SF
EGI
$38.9K $59.85/SF
− OpEx
−$17.5K −$26.93/SF
NOI
$21.4K $32.92/SF
Area
ZIP 10025
Vacancy
5.00%
Lease Rate
$63.00 /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%
$427,920
Cap Rate 7%
$305,657
Cap Rate 9%
$237,733
Alternative Uses
Best Use
Apartment 5plus
$305.7K
$267.5K – $356.6K
NOI $21,396 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.57M
$2.25M – $3.00M
NOI $179,712 @ 7.0% cap · market cap 37.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,614
Businesses Nearby
Explore this area
Business Placement
Demographics for 10025, NY
95,424
Population
47,649
Households
2
Avg Household Size
41
Median Age
69%
College-Educated
92%
High-School Grad
0.9 sq mi
ZIP Area
106,027
Density / Sq Mi
$109,195
Median Household Income
$64,827
Median Earnings
$2,009
Median Rent
$1,125,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Sophisticated 1-bedroom co-op in Manhattan Valley with modern amenities.
Where is this apartment building located?
The property is located at 4 W 109 St 4F New York, NY.
What is the asking price?
The asking price for this property is $484,900.
What are key features of this property?
This property features: Prime Manhattan Valley location.; Recently renovated kitchen with modern appliances and spacious pantry.**; Roof deck with grill and curated garden.**
