One-Bedroom Residential Income
New
For Sale
$890,000
2280 FREDERICK DOUGLASS Boulevard 11A, New York City, NY 10027
Open-concept residence with custom finishes, expansive windows, and full-service building amenities.
Property Size859 SF
Price / SF$1,036
Days on Market6
Property Features for 2280 FREDERICK DOUGLASS Boulevard 11A
General Information
Standard status
Active
Size
859 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR
Multifamily Units
1
Amenities
doorman
furnished roof deck
wood-burning fireplace
barbeque grill
patio garden
play area
attended parking garage
smart home
washer and dryer
walk-in closet
Building Details
Building Size
859 SF
Year Built
2010
Listing Agency:
Douglas Elliman Real Estate
(917) 603-8275
Listed By:
XIAOLAN SHANG · License #40SH0946650
(917) 603-8275
Source:
Bondnyre
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 10 at 9:45AM
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
Investment Insights
Based on property information with market context.
Unit 11A is an 859-square-foot one-bedroom residence completed in 2010. Its open plan is framed by large picture windows with east and southeast exposures. Interior features include five-inch select-grade hardwood flooring, a walk-in closet, dimmable lighting, and an in-unit full-size LG washer and gas dryer.
The kitchen is fitted with Aster Cucine cabinetry, CesarStone countertops, Blanco and Dornbracht fixtures, a Miele dishwasher, Sub-Zero refrigerator-freezer, and Wolf professional cooktop. The bathroom includes Grigio Luna stone tile, glass mosaic accents, Lacava wood vanities, and dual thermostatically controlled fixtures serving the tub and shower.
Building amenities include a full-time doorman, furnished roof deck with a wood-burning fireplace and barbecue grill, patio garden with play area, and an attended parking garage.
The kitchen is fitted with Aster Cucine cabinetry, CesarStone countertops, Blanco and Dornbracht fixtures, a Miele dishwasher, Sub-Zero refrigerator-freezer, and Wolf professional cooktop. The bathroom includes Grigio Luna stone tile, glass mosaic accents, Lacava wood vanities, and dual thermostatically controlled fixtures serving the tub and shower.
Building amenities include a full-time doorman, furnished roof deck with a wood-burning fireplace and barbecue grill, patio garden with play area, and an attended parking garage.
Key Highlights
- 859s.f. one‑bedroom unit with open layout
- Large picture windows with east and southeast views
- Kitchen with Aster Cucine cabinetry, CesarStone counters, Miele, Sub‑Zero, and Wolf appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,876
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$537,520
$537.5K
Cap Rate 7%
$383,943
$383.9K
Cap Rate 9%
$298,622
$298.6K
Market Conditions
NOI Build-Up for 859 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.4K $59.88/SF
− Vacancy
−$2.6K −$2.99/SF
EGI
$48.9K $56.89/SF
− OpEx
−$22.0K −$25.60/SF
NOI
$26.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$537,520
Cap Rate 7%
$383,943
Cap Rate 9%
$298,622
Alternative Uses
Best Use
Apartment 5plus
$383.9K
$336.0K – $447.9K
NOI $26,876 @ 7.0% cap · market cap 3.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.14M
$1.87M – $2.49M
NOI $149,672 @ 7.0% cap · market cap 16.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
9,915
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Open-concept residence with custom finishes, expansive windows, and full-service building amenities.
Where is this residential income property located?
The property is located at 2280 FREDERICK DOUGLASS Boulevard 11A New York City, NY.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: 859s.f. one‑bedroom unit with open layout; Large picture windows with east and southeast views; Kitchen with Aster Cucine cabinetry, CesarStone counters, Miele, Sub‑Zero, and Wolf appliances
