Two-Bedroom Residential Income
For Sale
$725,000
Pending
220 Manhattan Avenue 7P, New York City, NY 10025
Condominium residence with renovated kitchen and bathroom, hardwood floors, northern exposure, and access to extensive building amenities.
Property Size700 SF
Days on Market115
Property Features for 220 Manhattan Avenue 7P
General Information
Standard status
Pending
Size
700 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$12,367
Amenities
24-hour doorman service
live-in superintendent
laundry facilities
community room
private garden courtyard
storage
bike room
on-site parking
Building Details
Building Size
700 SF
Year Built
1989
Listing Agency:
Compass
Listed By:
Dianne L Howard
(917) 549-3239
Source:
Nobleblackandpartners
Added: Jun 16
Changed: Sep 30
Last Checked: Oct 7 at 6:17PM
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 Compass
Investment Insights
Based on property information with market context.
This two-bedroom, one-bathroom condominium residence offers 700 square feet with northern exposure, hardwood floors, and combined living and dining areas. The kitchen and bathroom have been renovated, creating a ready-to-occupy interior within Towers on the Park, a condominium community established in 1989.
Building amenities include 24-hour doorman service, a live-in superintendent, laundry facilities, a community room, private garden courtyard, storage, bike room, and on-site parking. The property is positioned across from Morningside Park and Central Park, near grocery stores, restaurants, cafes, and everyday services. The B and C subway lines are nearby. Subletting is permitted with board approval after one year of ownership, and showings are by appointment only.
Building amenities include 24-hour doorman service, a live-in superintendent, laundry facilities, a community room, private garden courtyard, storage, bike room, and on-site parking. The property is positioned across from Morningside Park and Central Park, near grocery stores, restaurants, cafes, and everyday services. The B and C subway lines are nearby. Subletting is permitted with board approval after one year of ownership, and showings are by appointment only.
Key Highlights
- Two‑bedroom, one‑bathroom condominium with 700 square feet
- Renovated kitchen and bathroom with hardwood floors
- Northern exposure and combined living and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,042
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,840
$460.8K
Cap Rate 7%
$329,171
$329.2K
Cap Rate 9%
$256,022
$256.0K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$44.1K $63.00/SF
− Vacancy
−$2.2K −$3.15/SF
EGI
$41.9K $59.85/SF
− OpEx
−$18.9K −$26.93/SF
NOI
$23.0K $32.92/SF
Area
ZIP 10025
Vacancy
5.00%
Lease Rate
$63.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$460,840
Cap Rate 7%
$329,171
Cap Rate 9%
$256,022
Alternative Uses
Best Use
Apartment 5plus
$329.2K
$288.0K – $384.0K
NOI $23,042 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.76M
$2.42M – $3.23M
NOI $193,536 @ 7.0% cap · market cap 26.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
8,614
Businesses Nearby
Explore this area
Business Placement
Demographics for 10025, NY
95,424
Population
47,649
Households
2
Avg Household Size
41
Median Age
69%
College-Educated
92%
High-School Grad
0.9 sq mi
ZIP Area
106,027
Density / Sq Mi
$109,195
Median Household Income
$64,827
Median Earnings
$2,009
Median Rent
$1,125,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with renovated kitchen and bathroom, hardwood floors, northern exposure, and access to extensive building amenities.
Where is this residential income property located?
The property is located at 220 Manhattan Avenue 7P New York City, NY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bathroom condominium with 700 square feet; Renovated kitchen and bathroom with hardwood floors; Northern exposure and combined living and dining areas
