Loft-Style Residential Income
New
For Sale
$1,350,000
1855 ADAM CLAYTON POWELL JR Boulevard 5C, New York City, NY 10026
Corner apartment with flexible rooms, abundant windows, high ceilings, and an open kitchen.
Property Size2,200 SF
Price / SF$613.64
Days on Market4
Property Features for 1855 ADAM CLAYTON POWELL JR Boulevard 5C
General Information
Standard status
Active
Size
2,200 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Building Details
Building Size
2,200 SF
Year Built
1915
Listing Agency:
Ann Ferguson LLC
Listed By:
Bart Platteau
(212) 582-3180
Source:
Nobleblackandpartners
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 11 at 10:21AM
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
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 = 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
$68,832
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
5.10%
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%
$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
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
$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 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%
$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 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.48M
$4.79M – $6.39M
NOI $383,328 @ 7.0% cap · market cap 28.39%
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
8,389
Businesses Nearby
Explore this area
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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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 New York City, NY.
What is the asking price?
The asking price for this property is $1,350,000.
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
