One-Bedroom Residential Income
For Sale
$525,000
2098 Frederick Douglass Boulevard 4H, Manhattan, NY 10026
Condominium residence with park access, building amenities, and convenient subway connections.
Property Size596 SF
Price / SF$880.87
Days on Market52
Property Features for 2098 Frederick Douglass Boulevard 4H
General Information
Standard status
Active
Size
596 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$48
Amenities
full-time attended lobby
fitness club
central laundry
landscaped courtyard
community room
roof deck
Building Details
Building Size
596 SF
Year Built
1900
Listing Agency:
Howard Hanna NYC
Listed By:
Adam Feinberg
(914) 261-9594
Source:
Howardhannanyc
Added: Sep 14
Changed: Nov 3
Last Checked: Nov 3 at 12:11PM
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 Howard Hanna NYC
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Investment Insights
Based on property information with market context.
Apartment 4-H is a 596-square-foot, one-bedroom condominium in the Gateway, a residential building completed in 1900. The home includes hardwood flooring, recessed lighting, mini-split A/C, four west-facing windows, and a windowed kitchen with maple cabinetry and full-size stainless-steel appliances, including a dishwasher. Pets are permitted.
Building amenities include a full-time attended lobby, fitness club, central laundry, landscaped courtyard, community room, and roof deck with open city and Central Park views. The property is located three blocks from Central Park and less than two blocks from Morningside Park, with access to the B, C, 2, and 3 subway lines and multiple bus routes. Nearby conveniences include restaurants, cafés, supermarkets, a farmers' market, Museum Mile, Columbia University, Barnard College, and the Apollo Theater. A 421-A tax abatement is in place through 2032, and the apartment is described as producing a nearly 5% cap rate.
Building amenities include a full-time attended lobby, fitness club, central laundry, landscaped courtyard, community room, and roof deck with open city and Central Park views. The property is located three blocks from Central Park and less than two blocks from Morningside Park, with access to the B, C, 2, and 3 subway lines and multiple bus routes. Nearby conveniences include restaurants, cafés, supermarkets, a farmers' market, Museum Mile, Columbia University, Barnard College, and the Apollo Theater. A 421-A tax abatement is in place through 2032, and the apartment is described as producing a nearly 5% cap rate.
Key Highlights
- 596‑square‑foot one‑bedroom condominium
- Four oversized west‑facing windows provide afternoon sunlight
- Windowed kitchen with maple cabinetry and full‑size stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,647
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,940
$372.9K
Cap Rate 7%
$266,386
$266.4K
Cap Rate 9%
$207,189
$207.2K
Market Conditions
NOI Build-Up for 596 SF
Gross rent
$35.7K $59.88/SF
− Vacancy
−$1.8K −$2.99/SF
EGI
$33.9K $56.89/SF
− OpEx
−$15.3K −$25.60/SF
NOI
$18.6K $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 Rate 5%
$372,940
Cap Rate 7%
$266,386
Cap Rate 9%
$207,189
Alternative Uses
Best Use
Apartment 5plus
$266.4K
$233.1K – $310.8K
NOI $18,647 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.48M
$1.30M – $1.73M
NOI $103,847 @ 7.0% cap · market cap 19.78%
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
9,113
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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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with park access, building amenities, and convenient subway connections.
Where is this residential income property located?
The property is located at 2098 Frederick Douglass Boulevard 4H Manhattan, NY.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 596‑square‑foot one‑bedroom condominium; Four oversized west‑facing windows provide afternoon sunlight; Windowed kitchen with maple cabinetry and full‑size stainless‑steel appliances
