Two-Bedroom Residential Income
For Sale
$675,000
220 W 111TH Street 2B, Manhattan, NY 10026
Renovated pre-war condominium with period detailing, updated finishes, and access to shared roof and laundry amenities.
Property Size610 SF
Price / SF$1,106
Days on Market52
Property Features for 220 W 111TH Street 2B
General Information
Standard status
Active
Size
610 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
$5,736
Amenities
roof deck
laundry
Building Details
Building Size
610 SF
Year Built
1910
Listing Agency:
Corcoran Group
Listed By:
Limor Nesher · License #40NE1029010 (NY)
(646) 319-6504
Source:
Miradorrealestate
Added: Sep 14
Changed: Nov 3
Last Checked: Nov 3 at 11:40AM
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 Corcoran Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 610-square-foot, two-bedroom, one-bath condominium occupies a restored pre-war residential building completed in 1910. The home combines a bright living room with a compact kitchen equipped with stainless steel appliances, a windowed bathroom, 9-ft ceilings, crown molding, and new hardwood flooring. The building contains 24 units and offers a marble-and-mosaic lobby, a common roof deck, and laundry facilities. Pets are welcome.
The property is located at 220 W 111TH Street 2B in New York City’s South Harlem area, one block from Central Park and near Morningside Park. The 2/3/B/C trains and Columbia University are also nearby, along with cafés, markets, and lounges.
The property is located at 220 W 111TH Street 2B in New York City’s South Harlem area, one block from Central Park and near Morningside Park. The 2/3/B/C trains and Columbia University are also nearby, along with cafés, markets, and lounges.
Key Highlights
- 610 SF two‑bedroom, one‑bath condominium
- Restored 24‑unit pre‑war building completed in 1910
- 9‑ft ceilings, crown molding, and new hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,085
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$381,700
$381.7K
Cap Rate 7%
$272,643
$272.6K
Cap Rate 9%
$212,056
$212.1K
Market Conditions
NOI Build-Up for 610 SF
Gross rent
$36.5K $59.88/SF
− Vacancy
−$1.8K −$2.99/SF
EGI
$34.7K $56.89/SF
− OpEx
−$15.6K −$25.60/SF
NOI
$19.1K $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%
$381,700
Cap Rate 7%
$272,643
Cap Rate 9%
$212,056
Alternative Uses
Best Use
Apartment 5plus
$272.6K
$238.6K – $318.1K
NOI $19,085 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.77M
NOI $106,286 @ 7.0% cap · market cap 15.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
8,482
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Renovated pre-war condominium with period detailing, updated finishes, and access to shared roof and laundry amenities.
Where is this residential income property located?
The property is located at 220 W 111TH Street 2B Manhattan, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 610 SF two‑bedroom, one‑bath condominium; Restored 24‑unit pre‑war building completed in 1910; 9‑ft ceilings, crown molding, and new hardwood floors
