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Renovated Penthouse Residential Income Property

140 Cabrini Boulevard 103, Manhattan, NY 10033

For Sale
$540,000
Pending

Two-bedroom co-op residence with a private terrace, Hudson River vistas, and extensive building amenities.

Property Size850 SF
Days on Market179

Property Features for 140 Cabrini Boulevard 103

General Information

Standard status Pending
Size 850 SF
Property subtype Apartment

Units

Unit Mix 1 x 2BR/2BA
Multifamily Units 1

Additional Details

HOA Fee $4,058
Public Transit Yes

Amenities

private terrace
central air conditioning
fitness room
laundry room
indoor and outdoor play spaces
community garden
on-site garage
storage cabinets
bike storage
community room
roof decks
hi-speed internet
Wi-Fi hot spots

Building Details

Building Size 850 SF
Year Built 1939
Listing Agency: REAL BROKER LLC
Listed By: Francisco J Menendez
Source: Carlinwright
Added: May 15 Changed: Nov 7 Last Checked: Nov 8 at 11:35AM

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 REAL BROKER LLC

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Investment Insights

Based on property information with market context.

Penthouse #139 is a renovated two-bedroom, two-bath co-op residence with a private terrace and central air conditioning. The home includes an open kitchen with stainless-steel appliances, cherry cabinetry, granite countertops, and a peninsula opening to the dining area. The primary bedroom has a renovated ensuite shower bathroom, while the second bedroom is currently arranged as an office and den. Six closets and a second full bathroom with linen storage add practical utility. Recently replaced energy-efficient windows are installed throughout the apartment.

The residence is located within Castle Village, a five-building co-op completed in 1939 on 7.5 acres. Building and community amenities include a fitness room, laundry facilities, indoor and outdoor play areas, a community garden, bike storage, a large event room, roof decks, on-site management, part-time doormen, and 24-hour security guards. An on-site garage and storage cabinets are also available for an extra fee or subject to wait-list availability. The A train and #1 train are nearby, with Midtown approximately 20 minutes away. Fort Tryon Park, Riverside Park, and The Met Cloisters Museum are also nearby.

Key Highlights

  • Renovated two‑bedroom, two‑bath penthouse co‑op with a private terrace
  • Hudson River, George Washington Bridge, Manhattan skyline, and Palisades views
  • Open kitchen with stainless‑steel appliances, cherry cabinetry, granite counters, and peninsula

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$26,594
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,880 $531.9K
Cap Rate 7%
$379,914 $379.9K
Cap Rate 9%
$295,489 $295.5K
Market Conditions
NOI Build-Up for 850 SF
Gross rent
$50.9K $59.88/SF
− Vacancy
−$2.5K −$2.99/SF
EGI
$48.4K $56.89/SF
− OpEx
−$21.8K −$25.60/SF
NOI
$26.6K $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%
$531,880
Cap Rate 7%
$379,914
Cap Rate 9%
$295,489

Alternative Uses

Best Use
Apartment 5plus
$379.9K
$332.4K – $443.2K (±1% cap)
NOI $26,594 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$594.3K
$520.0K – $693.3K (±1% cap)
NOI $41,598 @ 7.0% cap · market cap 7.70%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

4,428
Businesses Nearby

Demographics for 10033, NY

50,085
Population
21,338
Households
2.3
Avg Household Size
39
Median Age
41%
College-Educated
77%
High-School Grad
0.6 sq mi
ZIP Area
83,475
Density / Sq Mi
$75,585
Median Household Income
$41,655
Median Earnings
$1,742
Median Rent
$709,100
Median Home Value

Market

Average Price Trend$/SF for Residential income properties in Manhattan, NY

$1,276 Jul
$727 Aug
$650 Sep
$877 Oct

Properties on Market for Residential income properties in Manhattan

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Residential income property - Two-bedroom co-op residence with a private terrace, Hudson River vistas, and extensive building amenities.
Where is this residential income property located?
The property is located at 140 Cabrini Boulevard 103 Manhattan, NY.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Renovated two‑bedroom, two‑bath penthouse co‑op with a private terrace; Hudson River, George Washington Bridge, Manhattan skyline, and Palisades views; Open kitchen with stainless‑steel appliances, cherry cabinetry, granite counters, and peninsula
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