Residential Income Property with
1919 Madison Avenue 202, Manhattan, NY 10035
For Sale
$405,000
Two-bedroom home with doorman service, parking, and landscaped common grounds.
Property Size941 SF
Price / SF$430.39
Days on Market105
Property Features for 1919 Madison Avenue 202
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
24-hour doorman
fitness center
private storage
on-site parking
landscaped courtyard
video intercom system
live-in superintendent
bicycle storage
children's playroom
private balcony
Building Details
Building Size
Year Built
Listing Agency:
Sothebys International Realty
Listed By:
Jose A Davila
(212) 755-1500
Source:
Nobleblackandpartners
Added: Jul 28
Changed: Nov 3
Last Checked: Nov 8 at 2:25PM
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 Sothebys International Realty
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Investment Insights
Based on property information with market context.
This true two-bedroom residence is located in a 1997 building and includes a private balcony, galley kitchen, stainless steel appliances, generous counters, and room for a full dining table. The interior combines ceramic and hardwood floors with a freshly painted bathroom featuring a tub. Southwest exposure provides natural light, while private storage and bicycle storage add practical convenience.
Building amenities include a 24-hour doorman, video intercom, live-in superintendent, fitness center, children's playroom, landscaped courtyard, on-site parking, and maintained common areas. Whole Foods, Trader Joe's, Staples, and the fine dining of Harlem's Best - Red Rooster are only blocks away.
The residence is offered through the Owner-Occupant Program, with primary-residence buyers permitted to submit offers during the first 30 days of the listing period. After that period, offers from all buyer types will be considered.
Building amenities include a 24-hour doorman, video intercom, live-in superintendent, fitness center, children's playroom, landscaped courtyard, on-site parking, and maintained common areas. Whole Foods, Trader Joe's, Staples, and the fine dining of Harlem's Best - Red Rooster are only blocks away.
The residence is offered through the Owner-Occupant Program, with primary-residence buyers permitted to submit offers during the first 30 days of the listing period. After that period, offers from all buyer types will be considered.
Key Highlights
- True two‑bedroom residence with a private balcony
- 1997 building with 24‑hour doorman, live‑in superintendent, and video intercom
- Galley kitchen with stainless steel appliances and space for a full dining table
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,441
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,820
$588.8K
Cap Rate 7%
$420,586
$420.6K
Cap Rate 9%
$327,122
$327.1K
Market Conditions
NOI Build-Up for 941 SF
Gross rent
$56.3K $59.88/SF
− Vacancy
−$2.8K −$2.99/SF
EGI
$53.5K $56.89/SF
− OpEx
−$24.1K −$25.60/SF
NOI
$29.4K $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%
$588,820
Cap Rate 7%
$420,586
Cap Rate 9%
$327,122
Alternative Uses
Best Use
Apartment 5plus
$420.6K
$368.0K – $490.7K
NOI $29,441 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$657.9K
$575.6K – $767.5K
NOI $46,051 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
7,202
Businesses Nearby
Explore this area
Business Placement
Demographics for 10035, NY
35,980
Population
16,340
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
25,700
Density / Sq Mi
$40,556
Median Household Income
$44,042
Median Earnings
$1,283
Median Rent
$663,500
Median Home Value
Market
Average Price Trend$/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 - Two-bedroom home with doorman service, parking, and landscaped common grounds.
Where is this residential income property located?
The property is located at 1919 Madison Avenue 202 Manhattan, NY.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: True two‑bedroom residence with a private balcony; 1997 building with 24‑hour doorman, live‑in superintendent, and video intercom; Galley kitchen with stainless steel appliances and space for a full dining table
