Renovated Residential Income
220 Avenue 2N, Manhattan, NY 10026
For Sale
$875,000
Updated two-bedroom residence with a redesigned kitchen, contemporary baths, and full-service building amenities.
Property Size839 SF
Price / SF$1,042
Days on Market59
Property Features for 220 Avenue 2N
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
24-hour doorman and concierge
live-in superintendent
private gardens
laundry facilities
bike storage
Building Details
Building Size
Year Built
Listing Agency:
ICONIC PROS
Listed By:
Shail Barot · License #10401343910
(929) 273-8757
Source:
Miradorrealestate
Added: Sep 10
Changed: Oct 31
Last Checked: Nov 6 at 3:33PM
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 ICONIC PROS
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Investment Insights
Based on property information with market context.
Residence 2N is an 839-square-foot, two-bedroom, one-and-a-half-bath home in a building completed in 1988. The interior has been renovated with Mirage semi-hardwood flooring, refreshed baseboards and electrical outlets, and a redesigned U-shaped kitchen featuring custom cabinetry, quartz countertops and backsplash, a Bertazzoni gas range, and stainless steel appliances. The bathrooms include porcelain tile, a quartz-topped custom vanity, an LED medicine cabinet, and an updated half bath.
Building services include a 24-hour doorman and concierge, live-in superintendent, private gardens, laundry facilities, and bike storage on both sides of the property. Additional parking is available through a waitlist. Access is provided through both 220 and 300 Manhattan Avenue, with the B and C subway lines nearby. Central Park, Morningside Park, Whole Foods, Trader Joe's, Columbia University, and the Cathedral of St. John the Divine are also in the surrounding area.
Building services include a 24-hour doorman and concierge, live-in superintendent, private gardens, laundry facilities, and bike storage on both sides of the property. Additional parking is available through a waitlist. Access is provided through both 220 and 300 Manhattan Avenue, with the B and C subway lines nearby. Central Park, Morningside Park, Whole Foods, Trader Joe's, Columbia University, and the Cathedral of St. John the Divine are also in the surrounding area.
Key Highlights
- 839 SF two‑bedroom, one‑and‑a‑half‑bath residence
- Renovated U‑shaped kitchen with quartz surfaces and Bertazzoni gas range
- Mirage semi‑hardwood flooring throughout the living areas and bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,250
Cap Rate
3.00%
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 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.09M
$1.83M – $2.44M
NOI $146,187 @ 7.0% cap · market cap 16.71%
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
9,289
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 - Updated two-bedroom residence with a redesigned kitchen, contemporary baths, and full-service building amenities.
Where is this residential income property located?
The property is located at 220 Avenue 2N Manhattan, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 839 SF two‑bedroom, one‑and‑a‑half‑bath residence; Renovated U‑shaped kitchen with quartz surfaces and Bertazzoni gas range; Mirage semi‑hardwood flooring throughout the living areas and bedrooms
