Two-Bedroom Residential Income
161 E 110th Street 5K, New York City, NY 10029
For Sale
$845,000
Fifth-floor corner apartment with two full bathrooms, in-unit laundry, and access to full-service building amenities.
Property Size970 SF
Price / SF$871.13
Days on Market83
Property Features for 161 E 110th Street 5K
General Information
Standard status
Size
Elevators
Property subtype
Occupancy
Financials
Gross Income
Average Monthly Rent
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
24-hour doorman and concierge
fitness center
rooftop terrace
bike storage
garage parking
pet friendly
smoke-free
in-unit washer/dryer
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Compass
Listed By:
Travonte' Taylor
(808) 222-0372
Source:
Bondnyre
Added: Aug 19
Changed: Oct 31
Last Checked: Nov 8 at 2:10PM
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
Based on property information with market context.
This 970-square-foot, fifth-floor corner apartment at The Mirada includes two bedrooms, two full bathrooms, and a living area connected to an open pass-through kitchen. Ten-foot ceilings, oversized windows, Brazilian teak flooring, recessed lighting, and southern and western exposures define the interior. The primary suite includes an en suite bathroom and walk-in closet, while five closets provide additional storage. A stacked washer and dryer is located in the apartment.
Building amenities include a 24-hour doorman and concierge, fitness center, rooftop terrace, bike storage, and secured garage parking. The building permits pets and maintains a smoke-free policy. The property is on the same block as the #6 train, with Central Park, Museum Mile, Thomas Jefferson Park, and neighborhood retail and services nearby. The apartment is furnished with virtual staging, and the current tenant is in place until March 2027.
Building amenities include a 24-hour doorman and concierge, fitness center, rooftop terrace, bike storage, and secured garage parking. The building permits pets and maintains a smoke-free policy. The property is on the same block as the #6 train, with Central Park, Museum Mile, Thomas Jefferson Park, and neighborhood retail and services nearby. The apartment is furnished with virtual staging, and the current tenant is in place until March 2027.
Key Highlights
- 970 SF fifth‑floor corner apartment with two bedrooms and two full bathrooms
- Ten‑foot ceilings, oversized windows, Brazilian teak hardwood floors, and recessed lighting
- Primary suite with en suite bathroom and custom walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,991
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,820
$739.8K
Cap Rate 7%
$528,443
$528.4K
Cap Rate 9%
$411,011
$411.0K
Market Conditions
NOI Build-Up for 970 SF
Gross rent
$69.8K $72.00/SF
− Vacancy
−$2.6K −$2.66/SF
EGI
$67.3K $69.34/SF
− OpEx
−$30.3K −$31.20/SF
NOI
$37.0K $38.13/SF
Area
ZIP 10029
Vacancy
3.70%
Lease Rate
$72.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,820
Cap Rate 7%
$528,443
Cap Rate 9%
$411,011
Alternative Uses
Best Use
Apartment 5plus
$528.4K
$462.4K – $616.5K
NOI $36,991 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$678.1K
$593.4K – $791.2K
NOI $47,470 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
11,076
Businesses Nearby
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Business Placement
Demographics for 10029, NY
78,141
Population
36,955
Households
2.1
Avg Household Size
36
Median Age
36%
College-Educated
78%
High-School Grad
1.2 sq mi
ZIP Area
65,118
Density / Sq Mi
$38,308
Median Household Income
$41,951
Median Earnings
$1,183
Median Rent
$818,100
Median Home Value
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Market
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Frequently Asked Questions
What type of property is this?
Residential income property - Fifth-floor corner apartment with two full bathrooms, in-unit laundry, and access to full-service building amenities.
Where is this residential income property located?
The property is located at 161 E 110th Street 5K New York City, NY.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: 970 SF fifth‑floor corner apartment with two bedrooms and two full bathrooms; Ten‑foot ceilings, oversized windows, Brazilian teak hardwood floors, and recessed lighting; Primary suite with en suite bathroom and custom walk‑in closet
