Two-Bedroom Condominium
220 Avenue 1U, Manhattan, NY 10026
For Sale
$799,000
An updated kitchen and bathroom complement through-wall air conditioning and ample storage in this courtyard-facing residence.
Property Size839 SF
Price / SF$952.32
Days on Market257
Property Features for 220 Avenue 1U
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24-hour staffed front desk
full supermarket in the building
private landscaped gardens
recreation room
two reservable party rooms
Building Details
Building Size
Year Built
Listing Agency:
Argo Residential
Listed By:
Ronald Hornsby · License NY #10401267140
(985) 855-0678
Source:
Irynaferenets
Added: Feb 26
Changed: Nov 8
Last Checked: Nov 9 at 8:47AM
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 Argo Residential
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Investment Insights
Based on property information with market context.
This 839-square-foot, second-floor condominium apartment has two bedrooms and faces south toward the complex’s landscaped courtyard. The kitchen and bathroom have been updated, and new through-wall air-conditioning units serve each room. New closet doors, a toilet, and a vanity were installed before listing. The building dates to 1988 and has a staffed front desk, an on-site management office, a supermarket, private landscaped gardens, a recreation room, and two reservable party rooms.
The condominium is at the northwest corner of Central Park. Morningside Park is behind the building, while Columbia University and Mount Sinai are nearby. Dining options are located along Frederick Douglass Boulevard, Columbus Avenue, Broadway, and Amsterdam Avenue.
The condominium is at the northwest corner of Central Park. Morningside Park is behind the building, while Columbia University and Mount Sinai are nearby. Dining options are located along Frederick Douglass Boulevard, Columbus Avenue, Broadway, and Amsterdam Avenue.
Key Highlights
- 839‑square‑foot, two‑bedroom residence on the second floor
- South‑facing outlook over the landscaped courtyard
- Updated kitchen and bathroom; new through‑wall AC units in each room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,250
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,000
$525.0K
Cap Rate 7%
$375,000
$375.0K
Cap Rate 9%
$291,667
$291.7K
Market Conditions
NOI Build-Up for 839 SF
Gross rent
$50.2K $59.88/SF
− Vacancy
−$2.5K −$2.99/SF
EGI
$47.7K $56.89/SF
− OpEx
−$21.5K −$25.60/SF
NOI
$26.3K $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%
$525,000
Cap Rate 7%
$375,000
Cap Rate 9%
$291,667
Alternative Uses
Best Use
Apartment 5plus
$375.0K
$328.1K – $437.5K
NOI $26,250 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$586.6K
$513.2K – $684.3K
NOI $41,059 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
9,289
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 - An updated kitchen and bathroom complement through-wall air conditioning and ample storage in this courtyard-facing residence.
Where is this residential income property located?
The property is located at 220 Avenue 1U Manhattan, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 839‑square‑foot, two‑bedroom residence on the second floor; South‑facing outlook over the landscaped courtyard; Updated kitchen and bathroom; new through‑wall AC units in each room
