Residential Income Property with
2072 Frederick Douglass Boulevard 5C, Manhattan, NY 10026
For Sale
$499,000
The condominium includes deeded private storage, central air, and access to a building laundry room and bike storage.
Property Size511 SF
Price / SF$976.52
Days on Market221
Property Features for 2072 Frederick Douglass Boulevard 5C
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
keyless entry
video intercom
laundry room
bike storage
deeded private storage
central air
Building Details
Building Size
Year Built
Listing Agency:
Sothebys International Realty
Listed By:
Jeff Brenner
(212) 810-4988
Source:
Carlinwright
Added: Apr 3
Changed: Nov 9
Last Checked: Nov 8 at 7:39PM
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.
Residence 5C is a 511-square-foot condominium with west, east, and south exposures. The home has hardwood floors, central air, and a windowed kitchen with stainless steel appliances. Its renovated bathroom includes a walk-in shower. Deeded private storage is included.
The condominium is part of Jacob's Court One, a 13-unit building constructed in 1900. Building amenities include keyless entry, video intercom, a laundry room, and bike storage. Central Park and Morningside Park are nearby, as are B/C, 2/3, and 1 train service within a few blocks.
The condominium is part of Jacob's Court One, a 13-unit building constructed in 1900. Building amenities include keyless entry, video intercom, a laundry room, and bike storage. Central Park and Morningside Park are nearby, as are B/C, 2/3, and 1 train service within a few blocks.
Key Highlights
- 511‑square‑foot condominium with west, east, and south exposures
- Deeded private storage included
- Windowed kitchen with stainless steel appliances and renovated bathroom with walk‑in shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,988
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,760
$319.8K
Cap Rate 7%
$228,400
$228.4K
Cap Rate 9%
$177,644
$177.6K
Market Conditions
NOI Build-Up for 511 SF
Gross rent
$30.6K $59.88/SF
− Vacancy
−$1.5K −$2.99/SF
EGI
$29.1K $56.89/SF
− OpEx
−$13.1K −$25.60/SF
NOI
$16.0K $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%
$319,760
Cap Rate 7%
$228,400
Cap Rate 9%
$177,644
Alternative Uses
Best Use
Apartment 5plus
$228.4K
$199.9K – $266.5K
NOI $15,988 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$357.3K
$312.6K – $416.8K
NOI $25,008 @ 7.0% cap · market cap 5.01%
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
8,482
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
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - The condominium includes deeded private storage, central air, and access to a building laundry room and bike storage.
Where is this residential income property located?
The property is located at 2072 Frederick Douglass Boulevard 5C Manhattan, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 511‑square‑foot condominium with west, east, and south exposures; Deeded private storage included; Windowed kitchen with stainless steel appliances and renovated bathroom with walk‑in shower
