High-Floor One-Bedroom Residential
New
For Sale
$795,000
181 E 101ST Street 808, New York City, NY 10029
One-bedroom condominium residence with Italian finishes, custom storage, and access to extensive building amenities.
Property Size623 SF
Price / SF$1,276
Days on Market7
Property Features for 181 E 101ST Street 808
General Information
Standard status
Active
Size
623 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
part-time attended lobby
package and mail rooms
bicycle storage
fitness center
residents' lounge
courtyard garden
outdoor fireplace
rooftop terrace
barbecue
Building Details
Building Size
623 SF
Year Built
2021
Listing Agency:
The Agency Brokerage
Listed By:
Michael R Holt
(917) 407-0287
Source:
Carlinwright
Added: Sep 18
Changed: Sep 20
Last Checked: Sep 22 at 8:38PM
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 The Agency Brokerage
Investment Insights
Based on property information with market context.
Residence 808 is a 623-square-foot, high-floor one-bedroom condominium completed in 2021. The open interior features wide-plank oak flooring, high ceilings, oversized operable windows, upgraded soundproofing, and integrated storage. A foyer opens to the living and dining area, while the kitchen includes Alta Cucine cabinetry, Marmi Scala terrazzo surfaces, Newform fixtures, a Falmec Virgola recirculating hood, and Bertazzoni and Blomberg appliances. A concealed Miele washer and dryer and 3M water filtration system add practical functionality. The bedroom includes a custom Santalucia Mobili wardrobe and direct bathroom access. The bathroom is finished with terrazzo, an integrated sink, Newform fixtures, and a glass-enclosed walk-in rain shower.
Building amenities include a part-time attended lobby, package and mail rooms, bicycle storage, fitness center, residents' lounge, courtyard garden with outdoor fireplace, and rooftop terrace with barbecue and open city views. The property is near Central Park, Museum Mile, neighborhood restaurants, cafés, shops, the Conservatory Garden, Museum of the City of New York, and El Museo del Barrio. The Q and 6 subway lines provide citywide connections.
Building amenities include a part-time attended lobby, package and mail rooms, bicycle storage, fitness center, residents' lounge, courtyard garden with outdoor fireplace, and rooftop terrace with barbecue and open city views. The property is near Central Park, Museum Mile, neighborhood restaurants, cafés, shops, the Conservatory Garden, Museum of the City of New York, and El Museo del Barrio. The Q and 6 subway lines provide citywide connections.
Key Highlights
- 623‑square‑foot one‑bedroom residence in a 2021 condominium building
- High‑floor layout with oversized operable windows, treetop views, and upgraded soundproofing
- Kitchen with Alta Cucine cabinetry, Marmi Scala terrazzo surfaces, and Bertazzoni and Blomberg appliances
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
$23,758
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
2.99%
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%
$475,160
$475.2K
Cap Rate 7%
$339,400
$339.4K
Cap Rate 9%
$263,978
$264.0K
Market Conditions
NOI Build-Up for 623 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
$44.9K $72.00/SF
− Vacancy
−$1.7K −$2.66/SF
EGI
$43.2K $69.34/SF
− OpEx
−$19.4K −$31.20/SF
NOI
$23.8K $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%
$475,160
Cap Rate 7%
$339,400
Cap Rate 9%
$263,978
Alternative Uses
Best Use
Apartment 5plus
$339.4K
$297.0K – $396.0K
NOI $23,758 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.22M
$1.94M – $2.59M
NOI $155,594 @ 7.0% cap · market cap 19.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
11,974
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
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condominium residence with Italian finishes, custom storage, and access to extensive building amenities.
Where is this residential income property located?
The property is located at 181 E 101ST Street 808 New York City, NY.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 623‑square‑foot one‑bedroom residence in a 2021 condominium building; High‑floor layout with oversized operable windows, treetop views, and upgraded soundproofing; Kitchen with Alta Cucine cabinetry, Marmi Scala terrazzo surfaces, and Bertazzoni and Blomberg appliances
