Residential Income
For Sale
$1,495,000
2280 Frederick Douglass Boulevard 10B, New York City, NY 10027
A three-bedroom condominium residence pairs private outdoor space with access to full-service building amenities.
Property Size1,404 SF
Price / SF$1,064
Days on Market17
Property Features for 2280 Frederick Douglass Boulevard 10B
General Information
Standard status
Active
Size
1,404 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$168
Amenities
24-hour attended lobby
resident manager
fitness center
on-site parking
landscaped rooftop terrace
grilling stations
in-unit washer/dryer
private balcony
Building Details
Building Size
1,404 SF
Year Built
2010
Listing Agency:
Compass
Listed By:
Zak Resnick
(917) 410-0108
Source:
Serhant
Added: Oct 7
Changed: Oct 17
Last Checked: Oct 21 at 2:41AM
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 10B is a 1,404-square-foot condominium home with three bedrooms and two-and-a-half bathrooms. Southern and eastern exposures bring natural light into the living and dining areas, while oversized windows look toward the city skyline. The home includes a kitchen with custom cabinetry and a full appliance suite, a primary bedroom with a walk-in closet and en-suite bath, two additional bedrooms, and an in-unit washer and dryer. A private southeastern-facing balcony adds outdoor space. The building was constructed in 2010 and offers a 24-hour attended lobby, resident manager, fitness center, on-site parking, landscaped rooftop terrace, and grilling stations.
A tax abatement is in place for nine more years. The property is at 2280 Frederick Douglass Boulevard in New York City, with grocery stores, dining, subway lines, and Central Park, Morningside Park, and St. Nicholas Park identified nearby.
A tax abatement is in place for nine more years. The property is at 2280 Frederick Douglass Boulevard in New York City, with grocery stores, dining, subway lines, and Central Park, Morningside Park, and St. Nicholas Park identified nearby.
Key Highlights
- 1,404‑square‑foot residence with three bedrooms and two‑and‑a‑half bathrooms
- Private southeastern‑facing balcony
- In‑unit washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,927
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$878,540
$878.5K
Cap Rate 7%
$627,529
$627.5K
Cap Rate 9%
$488,078
$488.1K
Market Conditions
NOI Build-Up for 1,404 SF
Gross rent
$84.1K $59.88/SF
− Vacancy
−$4.2K −$2.99/SF
EGI
$79.9K $56.89/SF
− OpEx
−$35.9K −$25.60/SF
NOI
$43.9K $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%
$878,540
Cap Rate 7%
$627,529
Cap Rate 9%
$488,078
Alternative Uses
Best Use
Apartment 5plus
$627.5K
$549.1K – $732.1K
NOI $43,927 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.49M
$3.06M – $4.08M
NOI $244,633 @ 7.0% cap · market cap 16.36%
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
9,915
Businesses Nearby
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Business Placement
Demographics for 10027, NY
64,037
Population
28,038
Households
2.3
Avg Household Size
32
Median Age
52%
College-Educated
87%
High-School Grad
0.9 sq mi
ZIP Area
71,152
Density / Sq Mi
$64,220
Median Household Income
$44,231
Median Earnings
$1,609
Median Rent
$915,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A three-bedroom condominium residence pairs private outdoor space with access to full-service building amenities.
Where is this residential income property located?
The property is located at 2280 Frederick Douglass Boulevard 10B New York City, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 1,404‑square‑foot residence with three bedrooms and two‑and‑a‑half bathrooms; Private southeastern‑facing balcony; In‑unit washer and dryer
