Residential Income Property with Roof
For Sale
$675,000
220 W 111th Street 3C, New York City, NY 10026
A two-bedroom condominium offers renovated interiors and shared building amenities near Central Park.
Property Size647 SF
Price / SF$1,043
Days on Market50
Property Features for 220 W 111th Street 3C
General Information
Standard status
Active
Size
647 SF
Elevators
Yes
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,469
Amenities
video-intercom security system
laundry facilities
bicycle storage room
roof deck
Building Details
Building Size
647 SF
Year Built
1910
Listing Agency:
Compass
Listed By:
Michelle Flikerski
(917) 671-6343
Source:
Dallien
Added: Sep 8
Changed: Oct 26
Last Checked: Oct 26 at 1:15PM
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
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Investment Insights
Based on property information with market context.
Residence 3C is a 647-square-foot, two-bedroom condominium in a building completed in 1910. The apartment has hardwood floors, southern exposure, two windows in each bedroom, custom closets, and a kitchen with stone counters and full-size stainless steel appliances. Its bathroom includes a soaking tub and a west-facing window.
Building amenities include an elevator, laundry facilities, bicycle storage, video intercom, and a furnished roof deck. The lobby features marble mosaic flooring, wainscoting, and a tin ceiling; the building is pet-friendly.
The property is one block from Central Park and one block from Morningside Park. Nearby transit includes the express 2 and 3 trains and the B and C lines. Columbia University and Harlem Meer are also nearby.
Building amenities include an elevator, laundry facilities, bicycle storage, video intercom, and a furnished roof deck. The lobby features marble mosaic flooring, wainscoting, and a tin ceiling; the building is pet-friendly.
The property is one block from Central Park and one block from Morningside Park. Nearby transit includes the express 2 and 3 trains and the B and C lines. Columbia University and Harlem Meer are also nearby.
Key Highlights
- 647‑square‑foot, two‑bedroom condominium in a 1910 building
- Renovated kitchen with stone counters and full‑size stainless steel appliances
- Furnished shared roof deck, laundry facilities, elevator, and bicycle storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,243
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,860
$404.9K
Cap Rate 7%
$289,186
$289.2K
Cap Rate 9%
$224,922
$224.9K
Market Conditions
NOI Build-Up for 647 SF
Gross rent
$38.7K $59.88/SF
− Vacancy
−$1.9K −$2.99/SF
EGI
$36.8K $56.89/SF
− OpEx
−$16.6K −$25.60/SF
NOI
$20.2K $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%
$404,860
Cap Rate 7%
$289,186
Cap Rate 9%
$224,922
Alternative Uses
Best Use
Apartment 5plus
$289.2K
$253.0K – $337.4K
NOI $20,243 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,733 @ 7.0% cap · market cap 16.70%
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
8,482
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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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom condominium offers renovated interiors and shared building amenities near Central Park.
Where is this residential income property located?
The property is located at 220 W 111th Street 3C New York City, 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: 647‑square‑foot, two‑bedroom condominium in a 1910 building; Renovated kitchen with stone counters and full‑size stainless steel appliances; Furnished shared roof deck, laundry facilities, elevator, and bicycle storage
