Updated Residential Income
211 Madison Avenue 4-B, Manhattan, NY 10016
For Sale
$1,095,000
A 1,077-square-foot condominium combines an open living and dining area with two bedrooms and in-unit laundry.
Property Size1,077 SF
Price / SF$1,016
Days on Market139
Property Features for 211 Madison Avenue 4-B
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24-hour doorman
courtyard
in-unit washer/dryer
Building Details
Building Size
Year Built
Listing Agency:
Nest Seekers LLC
Listed By:
Christopher Rassam
(201) 741-9048
Source:
Dallien
Added: Jun 24
Changed: Nov 8
Last Checked: Nov 8 at 8:40PM
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 Nest Seekers LLC
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Investment Insights
Based on property information with market context.
This 1,077-square-foot condominium at Morgan Court has a living and dining area with oversized windows, engineered wood floors, custom electric blinds and an electric fireplace. The refreshed kitchen connects to the main living space. The home includes a primary suite with an en-suite bathroom, a second bathroom, and an in-unit washer and dryer. Recent improvements include renovated bathroom finishes, two replacement HVAC units and Nest controls. The building dates to 1985 and provides a 24-hour doorman and courtyard.
The property is on Madison Avenue in New York City, near Madison Square Park, restaurants, shopping and transportation. Its location is described as between NoMad and Murray Hill.
The property is on Madison Avenue in New York City, near Madison Square Park, restaurants, shopping and transportation. Its location is described as between NoMad and Murray Hill.
Key Highlights
- 1,077‑square‑foot condominium with an open living and dining area
- Two bedrooms, including a primary suite with an en‑suite bathroom
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,696
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,920
$673.9K
Cap Rate 7%
$481,371
$481.4K
Cap Rate 9%
$374,400
$374.4K
Market Conditions
NOI Build-Up for 1,077 SF
Gross rent
$64.5K $59.88/SF
− Vacancy
−$3.2K −$2.99/SF
EGI
$61.3K $56.89/SF
− OpEx
−$27.6K −$25.60/SF
NOI
$33.7K $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%
$673,920
Cap Rate 7%
$481,371
Cap Rate 9%
$374,400
Alternative Uses
Best Use
Apartment 5plus
$481.4K
$421.2K – $561.6K
NOI $33,696 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$753.0K
$658.8K – $878.5K
NOI $52,707 @ 7.0% cap · market cap 4.81%
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
46,936
Businesses Nearby
Explore this area
Business Placement
Demographics for 10016, NY
62,336
Population
36,985
Households
1.7
Avg Household Size
34
Median Age
82%
College-Educated
97%
High-School Grad
0.5 sq mi
ZIP Area
124,672
Density / Sq Mi
$153,065
Median Household Income
$107,691
Median Earnings
$3,321
Median Rent
$928,400
Median Home Value
Market
Average Price Trend$/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 - A 1,077-square-foot condominium combines an open living and dining area with two bedrooms and in-unit laundry.
Where is this residential income property located?
The property is located at 211 Madison Avenue 4-B Manhattan, NY.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: 1,077‑square‑foot condominium with an open living and dining area; Two bedrooms, including a primary suite with an en‑suite bathroom; In‑unit washer and dryer
