Live-Work Loft With Private
138 Fulton Street 2, Manhattan, NY 10038
For Sale
$2,225,000
Flexible live-work configuration includes four bedrooms, a private outdoor area, and dedicated office space.
Property Size2,183 SF
Price / SF$1,019
Days on Market61
Property Features for 138 Fulton Street 2
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Public Transit
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Sothebys International Realty
Listed By:
Kathryn A Swift
(212) 810-4955
Source:
Irynaferenets
Added: Sep 10
Changed: Nov 8
Last Checked: Nov 8 at 7:53PM
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 Sothebys International Realty
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Investment Insights
Based on property information with market context.
This 2,183-square-foot live-work loft occupies the second level of a 1920 condominium and is arranged with four bedrooms. Exposed brick, wood beams, terrazzo flooring, and ceilings approximately 11.5 feet high define the interior. The kitchen has stainless-steel appliances and an island, while a utility room contains a side-by-side washer and dryer. Custom storage, two full bathrooms, a powder room, and a private patio round out the space. A home office area is incorporated into the main living space.
The property is less than 500 feet from the Fulton Street transit hub, served by the A, C, J, Z, 2, 3, 4, and 5 trains. The R/W and World Trade Center PATH station are also nearby. The Seaport District, Oculus, One World Trade Center, Wall Street, and the New York Stock Exchange are in the surrounding area.
The property is less than 500 feet from the Fulton Street transit hub, served by the A, C, J, Z, 2, 3, 4, and 5 trains. The R/W and World Trade Center PATH station are also nearby. The Seaport District, Oculus, One World Trade Center, Wall Street, and the New York Stock Exchange are in the surrounding area.
Key Highlights
- 2,183‑square‑foot live‑work loft with four bedrooms
- Private patio accessed from the primary bedroom
- Ceilings reach approximately 11.5 feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,583
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,391,660
$1.4M
Cap Rate 7%
$994,043
$994.0K
Cap Rate 9%
$773,144
$773.1K
Market Conditions
NOI Build-Up for 2,183 SF
Gross rent
$131.0K $60.00/SF
− Vacancy
−$19.6K −$9.00/SF
EGI
$111.3K $51.00/SF
− OpEx
−$41.7K −$19.13/SF
NOI
$69.6K $31.88/SF
Area
New York, NY
Vacancy
15.00%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,391,660
Cap Rate 7%
$994,043
Cap Rate 9%
$773,144
Alternative Uses
Best Use
Mixed Use
$994.0K
$869.8K – $1.16M
NOI $69,583 @ 7.0% cap · market cap 3.13%
Second Best
Office B
$976.5K
$854.5K – $1.14M
NOI $68,356 @ 7.0% cap · market cap 3.07%
Theoretical Best
Specialty Retail
$5.43M
$4.75M – $6.34M
NOI $380,366 @ 7.0% cap · market cap 17.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
35,791
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 Live-work space in New York County, NY
Properties on Market for Live-work space in New York County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Live-work space - Flexible live-work configuration includes four bedrooms, a private outdoor area, and dedicated office space.
Where is this live-work space located?
The property is located at 138 Fulton Street 2 Manhattan, NY.
What is the asking price?
The asking price for this property is $2,225,000.
What are key features of this property?
This property features: 2,183‑square‑foot live‑work loft with four bedrooms; Private patio accessed from the primary bedroom; Ceilings reach approximately 11.5 feet
