Corner Residential Income
18 W 48TH Street 11B, Manhattan, NY 10036
For Sale
$990,000
One-bedroom condominium residence with floor-to-ceiling windows, 10-foot ceilings, and an in-unit washer/dryer.
Property Size952 SF
Price / SF$1,039
Days on Market68
Property Features for 18 W 48TH Street 11B
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
doorman
concierge
live-in resident manager
fitness room
laundry room
resident lounge
catering kitchen
bar
business center
conference rooms
courtyard garden
in-unit washer/dryer
Building Details
Building Size
Year Built
Stories
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Emma Y Hao
(917) 975-9162
Source:
Lenasimpson
Added: Sep 3
Changed: Nov 7
Last Checked: Nov 8 at 11:51AM
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 Brown Harris Stevens Residential Sales LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This one-bedroom residential income property is a corner condominium residence within The Centria, a 35-story glass building completed in 2007. The home features floor-to-ceiling windows, 10-foot ceilings, a modern Italian stainless steel kitchen, an in-unit washer/dryer, a powder room, and a marble primary bathroom with Waterworks double sinks, a soaking tub, and mosaic-tiled shower.
Building amenities include 24-hour doorman and concierge service, a live-in resident manager, a 1,300-square-foot fitness room, resident laundry facilities, and a lounge overlooking Rockefeller Plaza. Residents also have access to a catering kitchen and bar, Wi-Fi-equipped business center, two conference rooms, and a courtyard garden.
The property is located at 18 W 48th Street in New York City, behind Rockefeller Center and near Fifth Avenue, Broadway theaters, luxury shopping, fine dining, and transportation.
Building amenities include 24-hour doorman and concierge service, a live-in resident manager, a 1,300-square-foot fitness room, resident laundry facilities, and a lounge overlooking Rockefeller Plaza. Residents also have access to a catering kitchen and bar, Wi-Fi-equipped business center, two conference rooms, and a courtyard garden.
The property is located at 18 W 48th Street in New York City, behind Rockefeller Center and near Fifth Avenue, Broadway theaters, luxury shopping, fine dining, and transportation.
Key Highlights
- Corner one‑bedroom residence with floor‑to‑ceiling windows and 10‑foot ceilings
- Located within The Centria, a 35‑story glass condominium completed in 2007
- Modern Italian stainless steel kitchen and in‑unit washer/dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,786
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,720
$595.7K
Cap Rate 7%
$425,514
$425.5K
Cap Rate 9%
$330,956
$331.0K
Market Conditions
NOI Build-Up for 952 SF
Gross rent
$57.0K $59.88/SF
− Vacancy
−$2.9K −$2.99/SF
EGI
$54.2K $56.89/SF
− OpEx
−$24.4K −$25.60/SF
NOI
$29.8K $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%
$595,720
Cap Rate 7%
$425,514
Cap Rate 9%
$330,956
Alternative Uses
Best Use
Apartment 5plus
$425.5K
$372.3K – $496.4K
NOI $29,786 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$665.6K
$582.4K – $776.5K
NOI $46,589 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
87,472
Businesses Nearby
Explore this area
Business Placement
Demographics for 10036, NY
33,868
Population
22,473
Households
1.5
Avg Household Size
37
Median Age
69%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
84,670
Density / Sq Mi
$100,225
Median Household Income
$86,122
Median Earnings
$2,301
Median Rent
$988,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condominium residence with floor-to-ceiling windows, 10-foot ceilings, and an in-unit washer/dryer.
Where is this residential income property located?
The property is located at 18 W 48TH Street 11B Manhattan, NY.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Corner one‑bedroom residence with floor‑to‑ceiling windows and 10‑foot ceilings; Located within The Centria, a 35‑story glass condominium completed in 2007; Modern Italian stainless steel kitchen and in‑unit washer/dryer
