Two-Bedroom Residential Income
220 Avenue 4K, Manhattan, NY 10026
For Sale
$810,000
Two-bedroom, one-bath condominium with park and cathedral views, on-site amenities, and subway access at the corner.
Property Size849 SF
Price / SF$954.06
Days on Market53
Property Features for 220 Avenue 4K
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
laundry room
garden
community rooms
garage
bike storage
storage
Building Details
Building Size
Year Built
Listing Agency:
CHARNEY REAL ESTATE LLC
Listed By:
Jennifer A McClaren · License #10401315483
(646) 623-5900
Source:
Carlinwright
Added: Sep 16
Changed: Nov 7
Last Checked: Nov 6 at 5:51PM
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 CHARNEY REAL ESTATE LLC
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Investment Insights
Based on property information with market context.
This residential income property is a two-bedroom, one-bath condominium with an open living and dining area, a king-size primary bedroom, and a second bedroom sized for a queen bed. The home includes a double-deep primary closet, and all appliances were new as of September 2026. Views extend toward Morningside Park and St. John the Divine Cathedral.
Towers On The Park provides a large laundry room, garden, community rooms, bike storage, and general storage. An on-site garage is available with a waiting list. A full-size supermarket operates downstairs in the building. Morningside Park and Central Park are nearby, with restaurants and cafés along the surrounding blocks. C and B trains are at the corner, while the 2 and 3 trains are two blocks away. Bus service connects with Columbia, Barnard, Bank Street, Manhattan School of Music, and the East Side.
Towers On The Park provides a large laundry room, garden, community rooms, bike storage, and general storage. An on-site garage is available with a waiting list. A full-size supermarket operates downstairs in the building. Morningside Park and Central Park are nearby, with restaurants and cafés along the surrounding blocks. C and B trains are at the corner, while the 2 and 3 trains are two blocks away. Bus service connects with Columbia, Barnard, Bank Street, Manhattan School of Music, and the East Side.
Key Highlights
- Two‑bedroom, one‑bath condominium
- Views of Morningside Park and St. John the Divine Cathedral
- All appliances new as of September 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,563
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,260
$531.3K
Cap Rate 7%
$379,471
$379.5K
Cap Rate 9%
$295,144
$295.1K
Market Conditions
NOI Build-Up for 849 SF
Gross rent
$50.8K $59.88/SF
− Vacancy
−$2.5K −$2.99/SF
EGI
$48.3K $56.89/SF
− OpEx
−$21.7K −$25.60/SF
NOI
$26.6K $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%
$531,260
Cap Rate 7%
$379,471
Cap Rate 9%
$295,144
Alternative Uses
Best Use
Apartment 5plus
$379.5K
$332.0K – $442.7K
NOI $26,563 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.11M
$1.85M – $2.47M
NOI $147,930 @ 7.0% cap · market cap 18.26%
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 - Two-bedroom, one-bath condominium with park and cathedral views, on-site amenities, and subway access at the corner.
Where is this residential income property located?
The property is located at 220 Avenue 4K Manhattan, NY.
What is the asking price?
The asking price for this property is $810,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath condominium; Views of Morningside Park and St. John the Divine Cathedral; All appliances new as of September 2026
