Refreshed Residential Income
For Sale
$808,000
2098 Frederick Douglass Boulevard 3E, New York City, NY 10026
Condominium residence with updated interior finishes and access to full-service building amenities.
Property Size936 SF
Price / SF$863.25
Days on Market58
Property Features for 2098 Frederick Douglass Boulevard 3E
General Information
Standard status
Active
Size
936 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
HOA Fee
$151
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$60
Amenities
community room
doorman/attended lobby
live-in superintendent
fitness center
resident roof deck
laundry facilities
storage availability for rent
pet-friendly
Building Details
Building Size
936 SF
Year Built
2007
Listing Agency:
Manhattan Realty Group
Listed By:
Andre Bourne
(917) 593-0540
Source:
Archpointadvisory
Added: Sep 8
Changed: Nov 2
Last Checked: Nov 4 at 6:01AM
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 Manhattan Realty Group
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Investment Insights
Based on property information with market context.
Residence 3E is a 936-square-foot condominium in The Gateway Tower, a full-service building completed in 2007. The home has refinished hardwood floors, fresh paint, updated lighting, switches and outlets, and new hardware. Its living and dining area is described as flexible, and the residence is situated on the building’s quieter side.
Building amenities include a doorman-attended lobby, live-in superintendent, fitness center, community room, roof deck, laundry facilities, elevator and pet-friendly policies. Storage is available for rent. Central Park and Morningside Park are nearby, along with Columbia University and the Cathedral of St. John the Divine. Subway service includes the B/C and 2/3 lines, with A/D express service at 125th Street.
The building’s 421-A tax abatement is scheduled to continue through June 30th, 2032.
Building amenities include a doorman-attended lobby, live-in superintendent, fitness center, community room, roof deck, laundry facilities, elevator and pet-friendly policies. Storage is available for rent. Central Park and Morningside Park are nearby, along with Columbia University and the Cathedral of St. John the Divine. Subway service includes the B/C and 2/3 lines, with A/D express service at 125th Street.
The building’s 421-A tax abatement is scheduled to continue through June 30th, 2032.
Key Highlights
- 936 SF condominium residence in The Gateway Tower
- Interior updates include refinished hardwood floors, fresh paint, and upgraded lighting
- Full‑service building with doorman‑attended lobby and live‑in superintendent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,285
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,700
$585.7K
Cap Rate 7%
$418,357
$418.4K
Cap Rate 9%
$325,389
$325.4K
Market Conditions
NOI Build-Up for 936 SF
Gross rent
$56.0K $59.88/SF
− Vacancy
−$2.8K −$2.99/SF
EGI
$53.2K $56.89/SF
− OpEx
−$24.0K −$25.60/SF
NOI
$29.3K $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%
$585,700
Cap Rate 7%
$418,357
Cap Rate 9%
$325,389
Alternative Uses
Best Use
Apartment 5plus
$418.4K
$366.1K – $488.1K
NOI $29,285 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.33M
$2.04M – $2.72M
NOI $163,089 @ 7.0% cap · market cap 20.18%
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 updated interior finishes and access to full-service building amenities.
Where is this residential income property located?
The property is located at 2098 Frederick Douglass Boulevard 3E New York City, NY.
What is the asking price?
The asking price for this property is $808,000.
What are key features of this property?
This property features: 936 SF condominium residence in The Gateway Tower; Interior updates include refinished hardwood floors, fresh paint, and upgraded lighting; Full‑service building with doorman‑attended lobby and live‑in superintendent
