Residential Income Property with Private
220 W 148TH Street 1L, Manhattan, NY 10039
For Sale
$995,000
A two-bedroom, two-bathroom loft residence features high ceilings, an open living area, and a private outdoor terrace.
Property Size1,486 SF
Price / SF$669.58
Days on Market421
Property Features for 220 W 148TH Street 1L
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
part-time doorman
video intercom
courtyard garden
fitness room
community room
bicycle storage
cold storage
Building Details
Building Size
Year Built
Year Renovated
Construction
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Bettina T Gochman · License NY 40SC0983424
(646) 339-3866
Source:
Miradorrealestate
Added: Sep 15, 2025
Changed: Nov 7
Last Checked: Nov 8 at 2:02PM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
This second-floor corner residence is configured with two bedrooms, two bathrooms, a 23-foot foyer, and an open great room connecting living, dining, and kitchen areas. Twelve-foot ceilings and oversized arched windows define the interior. The kitchen includes a center island, Caesarstone countertops, a quartzite backsplash, Italian cabinetry, and KitchenAid stainless steel appliances. Both bedrooms face the garden; the primary suite has a walk-through closet and a bathroom with a soaking tub and rain shower. The home also includes central heating and air conditioning and an in-unit washer and dryer. A basement storage locker is available as an option.
The condominium building was converted in 2010 and contains 75 residences. Shared amenities include a courtyard garden, fitness room, community room, bicycle storage, cold storage for grocery deliveries, part-time doorman service, a resident superintendent, and video intercom access. The property is near City College, Columbia University, area hospitals, parks, tennis courts, a public library, and public transit.
The condominium building was converted in 2010 and contains 75 residences. Shared amenities include a courtyard garden, fitness room, community room, bicycle storage, cold storage for grocery deliveries, part-time doorman service, a resident superintendent, and video intercom access. The property is near City College, Columbia University, area hospitals, parks, tennis courts, a public library, and public transit.
Key Highlights
- Two‑bedroom, two‑bathroom second‑floor corner loft residence
- 12‑foot ceilings, oversized arched windows, and a private terrace
- Open kitchen with center island, Caesarstone counters, quartzite backsplash, and KitchenAid stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,493
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$929,860
$929.9K
Cap Rate 7%
$664,186
$664.2K
Cap Rate 9%
$516,589
$516.6K
Market Conditions
NOI Build-Up for 1,486 SF
Gross rent
$89.0K $59.88/SF
− Vacancy
−$4.4K −$2.99/SF
EGI
$84.5K $56.89/SF
− OpEx
−$38.0K −$25.60/SF
NOI
$46.5K $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%
$929,860
Cap Rate 7%
$664,186
Cap Rate 9%
$516,589
Alternative Uses
Best Use
Apartment 5plus
$664.2K
$581.2K – $774.9K
NOI $46,493 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$909.0K – $1.21M
NOI $72,723 @ 7.0% cap · market cap 7.31%
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
5,364
Businesses Nearby
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Business Placement
Demographics for 10039, NY
29,239
Population
13,300
Households
2.2
Avg Household Size
37
Median Age
27%
College-Educated
81%
High-School Grad
0.3 sq mi
ZIP Area
97,463
Density / Sq Mi
$48,792
Median Household Income
$36,142
Median Earnings
$1,211
Median Rent
$478,200
Median Home Value
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Market
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Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom, two-bathroom loft residence features high ceilings, an open living area, and a private outdoor terrace.
Where is this residential income property located?
The property is located at 220 W 148TH Street 1L Manhattan, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom second‑floor corner loft residence; 12‑foot ceilings, oversized arched windows, and a private terrace; Open kitchen with center island, Caesarstone counters, quartzite backsplash, and KitchenAid stainless steel appliances
