Two-Bedroom Residential Income
New
For Sale
$899,000
161 E 110th Street 5K, New York City, NY 10029
Fifth-floor corner apartment with two full bathrooms, in-unit laundry, and access to full-service building amenities.
Property Size970 SF
Price / SF$926.80
Days on Market6
Property Features for 161 E 110th Street 5K
General Information
Standard status
Active
Size
970 SF
Elevators
Yes
Property subtype
Apartment
Occupancy
100%
Financials
Gross Income
$50,400
Average Monthly Rent
$4,200
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$11,191
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
970 SF
Year Built
2008
Tenancy
Single
Listing Agency:
Compass
(808) 222-0372
Listed By:
Travonte' Taylor
(808) 222-0372
Source:
Bondnyre
Added: Aug 19
Changed: Aug 24
Last Checked: Aug 24 at 3:16PM
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
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 = 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
$36,991
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
4.11%
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%
$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
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
$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 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%
$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 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.46M
$3.03M – $4.04M
NOI $242,258 @ 7.0% cap · market cap 26.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
11,076
Businesses Nearby
Explore this area
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 $899,000.
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
