Residential Income Property with
2280 Frederick Douglass Boulevard 11F, Manhattan, NY 10027
For Sale
$1,295,000
A corner two-bedroom home pairs a private balcony with a full-size, vented washer and dryer.
Property Size1,225 SF
Price / SF$1,057
Days on Market39
Property Features for 2280 Frederick Douglass Boulevard 11F
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Sang H Kwon
(917) 312-5199
Source:
Nobleblackandpartners
Added: Sep 30
Changed: Nov 7
Last Checked: Nov 6 at 5:58PM
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 11F is a high-floor, two-bedroom, two-bathroom corner home with wide-plank oak floors, oversized windows and eastern exposures. Its kitchen has a six-burner Wolf cooktop, Wolf dual-fuel oven, 36-inch Sub-Zero refrigerator, Bosch dishwasher and a large peninsula with seating. The living and dining area opens to a private balcony. A full-size vented washer and dryer and a linen closet sit near the living space. The primary suite includes a walk-in closet and a bathroom with a Neptune Air Jet soaking tub and separate multi-spray shower.
Built in 2010, the building provides two elevators, a live-in superintendent and a 24-hour attended lobby. Shared amenities include a roof deck with a fireplace and grill, a second-floor terrace with a grill and seating areas, and a children's playroom. An on-site garage has electric-vehicle charging stations and bicycle storage. The property is at 2280 Frederick Douglass Boulevard in New York City.
Built in 2010, the building provides two elevators, a live-in superintendent and a 24-hour attended lobby. Shared amenities include a roof deck with a fireplace and grill, a second-floor terrace with a grill and seating areas, and a children's playroom. An on-site garage has electric-vehicle charging stations and bicycle storage. The property is at 2280 Frederick Douglass Boulevard in New York City.
Key Highlights
- Two‑bedroom, two‑bathroom corner residence with a private balcony
- Kitchen equipped with Wolf cooktop and dual‑fuel oven, 36‑inch Sub‑Zero refrigerator, and Bosch dishwasher
- Primary bath features a 21‑inch‑deep Neptune Air Jet tub and separate thermostatically controlled multi‑spray shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,327
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$766,540
$766.5K
Cap Rate 7%
$547,529
$547.5K
Cap Rate 9%
$425,856
$425.9K
Market Conditions
NOI Build-Up for 1,225 SF
Gross rent
$73.4K $59.88/SF
− Vacancy
−$3.7K −$2.99/SF
EGI
$69.7K $56.89/SF
− OpEx
−$31.4K −$25.60/SF
NOI
$38.3K $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%
$766,540
Cap Rate 7%
$547,529
Cap Rate 9%
$425,856
Alternative Uses
Best Use
Apartment 5plus
$547.5K
$479.1K – $638.8K
NOI $38,327 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.05M
$2.67M – $3.56M
NOI $213,444 @ 7.0% cap · market cap 16.48%
Zoning and permitted uses should be independently verified with authorities.
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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
$915,000
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - A corner two-bedroom home pairs a private balcony with a full-size, vented washer and dryer.
Where is this residential income property located?
The property is located at 2280 Frederick Douglass Boulevard 11F Manhattan, NY.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom corner residence with a private balcony; Kitchen equipped with Wolf cooktop and dual‑fuel oven, 36‑inch Sub‑Zero refrigerator, and Bosch dishwasher; Primary bath features a 21‑inch‑deep Neptune Air Jet tub and separate thermostatically controlled multi‑spray shower
