Residential Income Property with
For Sale
$700,000
204 W 140th Street 4D, New York City, NY 10030
Two-bedroom condominium residence with abundant natural light, exposed brick, hardwood flooring, and contemporary kitchen finishes.
Property Size882 SF
Price / SF$793.65
Days on Market453
Property Features for 204 W 140th Street 4D
General Information
Standard status
Active
Size
882 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$7,824
Amenities
private balcony
in-unit washer/dryer
split-system heating and cooling
exposed brick
hardwood floors
virtual doorman
package room
free bike storage
optional storage room
Building Details
Building Size
882 SF
Year Built
1926
Year Renovated
2006
Listing Agency:
Compass
(917) 502-1084
Listed By:
Brandon James Turner
(917) 502-1084
Source:
Miradorrealestate
Added: May 29, 2025
Changed: Aug 23
Last Checked: Aug 23 at 8:18AM
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 Compass
Investment Insights
Based on property information with market context.
Residence 4D is an 882-square-foot, two-bedroom, one-bath condominium home with a generous entry foyer, windowed living areas, and a private balcony. The kitchen includes custom cabinetry, substantial counter space, and Bosch appliances, including a dishwasher, oven, and refrigerator. Exposed brick, hardwood floors, split-system heating and cooling, an in-unit washer/dryer, and two spacious closets add functional and architectural detail.
The home is located at 204 W 140th Street in New York City’s Central Harlem. Strivers North is a condominium building originally constructed in 1926 and fully renovated in 2006, with 29 residences. Building features include a virtual doorman, package room, complimentary bike storage, an optional storage room for rent, and recently updated lobby and hallway areas served by a glass elevator bank.
The home is located at 204 W 140th Street in New York City’s Central Harlem. Strivers North is a condominium building originally constructed in 1926 and fully renovated in 2006, with 29 residences. Building features include a virtual doorman, package room, complimentary bike storage, an optional storage room for rent, and recently updated lobby and hallway areas served by a glass elevator bank.
Key Highlights
- 882‑square‑foot two‑bedroom, one‑bath residence
- Private balcony with direct access from light‑filled living areas
- Bosch dishwasher, oven, and refrigerator in the windowed 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
$27,595
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
3.94%
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%
$551,900
$551.9K
Cap Rate 7%
$394,214
$394.2K
Cap Rate 9%
$306,611
$306.6K
Market Conditions
NOI Build-Up for 882 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
$52.8K $59.88/SF
− Vacancy
−$2.6K −$2.99/SF
EGI
$50.2K $56.89/SF
− OpEx
−$22.6K −$25.60/SF
NOI
$27.6K $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%
$551,900
Cap Rate 7%
$394,214
Cap Rate 9%
$306,611
Alternative Uses
Best Use
Apartment 5plus
$394.2K
$344.9K – $459.9K
NOI $27,595 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.20M
$1.92M – $2.56M
NOI $153,680 @ 7.0% cap · market cap 21.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,069
Businesses Nearby
Explore this area
Business Placement
Demographics for 10030, NY
29,686
Population
14,602
Households
2
Avg Household Size
36
Median Age
35%
College-Educated
78%
High-School Grad
0.3 sq mi
ZIP Area
98,953
Density / Sq Mi
$42,738
Median Household Income
$37,388
Median Earnings
$1,204
Median Rent
$810,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium residence with abundant natural light, exposed brick, hardwood flooring, and contemporary kitchen finishes.
Where is this residential income property located?
The property is located at 204 W 140th Street 4D New York City, NY.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 882‑square‑foot two‑bedroom, one‑bath residence; Private balcony with direct access from light‑filled living areas; Bosch dishwasher, oven, and refrigerator in the windowed kitchen
