Two-Bedroom Residential Income
2280 Frederick Douglass Boulevard 9-F, Manhattan, NY 10027
For Sale
$1,249,000
A private terrace and premium kitchen appliances complement the two-bedroom layout.
Property Size1,225 SF
Price / SF$1,019
Days on Market40
Property Features for 2280 Frederick Douglass Boulevard 9-F
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Nest Seekers LLC
Listed By:
Michael Bethoney
(212) 252-8772
Source:
Bondnyre
Added: Sep 29
Changed: Nov 7
Last Checked: Nov 6 at 2:42PM
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 Nest Seekers LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,225-square-foot residence occupies the ninth floor of a building completed in 2009. Its layout includes two bedrooms, a private terrace, and a kitchen equipped with Sub-Zero, Wolf, and Miele appliances, plus a separate wine refrigerator and bar area. The terrace looks toward the Midtown skyline. Building services and shared spaces include a 24-hour doorman, live-in superintendent, on-site parking garage, a rooftop terrace with a wood-burning fireplace, and a landscaped terrace garden with a play area. The building also has a 25-year tax abatement.
Lincoln Market is one block away, and Trader Joe’s is a few blocks from the property. Frederick Douglass Boulevard has restaurants, cafés, and neighborhood businesses. Nearby parks and transportation options are also noted in the surrounding area.
Lincoln Market is one block away, and Trader Joe’s is a few blocks from the property. Frederick Douglass Boulevard has restaurants, cafés, and neighborhood businesses. Nearby parks and transportation options are also noted in the surrounding area.
Key Highlights
- 1,225‑square‑foot residence with two bedrooms
- Private terrace with Midtown skyline views
- Kitchen includes Sub‑Zero refrigerator, Wolf range, and Miele dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,327
Cap Rate
3.07%
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 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.05M
$2.67M – $3.56M
NOI $213,444 @ 7.0% cap · market cap 17.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
$915,000
Median Home Value
Market
Average Price Trend$/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 private terrace and premium kitchen appliances complement the two-bedroom layout.
Where is this residential income property located?
The property is located at 2280 Frederick Douglass Boulevard 9-F Manhattan, NY.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: 1,225‑square‑foot residence with two bedrooms; Private terrace with Midtown skyline views; Kitchen includes Sub‑Zero refrigerator, Wolf range, and Miele dishwasher
