Loft-Style Residential Income
1855 ADAM CLAYTON POWELL JR Boulevard 5C, Manhattan, NY 10026
For Sale
$1,250,000
Corner apartment with flexible rooms, abundant windows, high ceilings, and an open kitchen.
Property Size2,200 SF
Price / SF$568.18
Days on Market62
Property Features for 1855 ADAM CLAYTON POWELL JR Boulevard 5C
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
Public Transit
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Ann Ferguson LLC
Listed By:
Bart Platteau
(212) 582-3180
Source:
Nobleblackandpartners
Added: Sep 9
Changed: Nov 8
Last Checked: Nov 8 at 1:35PM
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 Ann Ferguson LLC
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Investment Insights
Based on property information with market context.
Apartment 5C is a corner residence in a 1915 pre-war elevator building, offering approximately 2,200 square feet of loft-style space. The current configuration includes three bedrooms, two bathrooms, a storage room, an open kitchen, and in-unit washer/dryer. Eighteen windows, high ceilings, open views, and strong natural light define the expansive interior. The layout was originally arranged as five bedrooms and retains flexibility for alternative use within the residence.
The property is located three blocks from Central Park and Morningside Park, with Columbia University approximately a 10-minute walk away. Marcus Garvey Park is also nearby. Transportation access includes the 2/3 express trains at 110th Street and B/C trains a few blocks away. The building is described as well maintained and pet friendly. HDFC income restrictions apply, with eligibility requirements governing occupancy.
The property is located three blocks from Central Park and Morningside Park, with Columbia University approximately a 10-minute walk away. Marcus Garvey Park is also nearby. Transportation access includes the 2/3 express trains at 110th Street and B/C trains a few blocks away. The building is described as well maintained and pet friendly. HDFC income restrictions apply, with eligibility requirements governing occupancy.
Key Highlights
- Approximately 2,200 square feet in a loft‑style apartment
- Corner residence with 18 windows, high ceilings, and open views
- Current layout includes 3 bedrooms, 2 bathrooms, storage, and open kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,832
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,376,640
$1.4M
Cap Rate 7%
$983,314
$983.3K
Cap Rate 9%
$764,800
$764.8K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$131.7K $59.88/SF
− Vacancy
−$6.6K −$2.99/SF
EGI
$125.1K $56.89/SF
− OpEx
−$56.3K −$25.60/SF
NOI
$68.8K $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%
$1,376,640
Cap Rate 7%
$983,314
Cap Rate 9%
$764,800
Alternative Uses
Best Use
Apartment 5plus
$983.3K
$860.4K – $1.15M
NOI $68,832 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.79M
NOI $107,665 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
8,389
Businesses Nearby
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Business Placement
Demographics for 10026, NY
35,644
Population
17,648
Households
2
Avg Household Size
37
Median Age
54%
College-Educated
90%
High-School Grad
0.4 sq mi
ZIP Area
89,110
Density / Sq Mi
$74,140
Median Household Income
$56,919
Median Earnings
$1,546
Median Rent
$1,014,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
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Frequently Asked Questions
What type of property is this?
Residential income property - Corner apartment with flexible rooms, abundant windows, high ceilings, and an open kitchen.
Where is this residential income property located?
The property is located at 1855 ADAM CLAYTON POWELL JR Boulevard 5C Manhattan, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 2,200 square feet in a loft‑style apartment; Corner residence with 18 windows, high ceilings, and open views; Current layout includes 3 bedrooms, 2 bathrooms, storage, and open kitchen
