Residential Income
For Sale
$439,000
2300 Frederick Douglass Boulevard 7H, New York City, NY 10027
The corner residence features an alcove studio layout, a separate kitchen, oversized windows, and an in-unit washer and dryer.
Property Size476 SF
Price / SF$922.27
Days on Market42
Property Features for 2300 Frederick Douglass Boulevard 7H
General Information
Standard status
Active
Size
476 SF
Property subtype
Apartment
Units
Unit Mix
alcove studio
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,052
Amenities
in-unit washer/dryer
part-time doorman
two furnished roofdecks
gym
package room and cold storage
bike storage
Building Details
Building Size
476 SF
Year Built
2010
Listing Agency:
Compass
Listed By:
Samuel H Chang
(917) 902-5353
Source:
Carlinwright
Added: Sep 24
Changed: Oct 31
Last Checked: Nov 3 at 10:57AM
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.
Located in the Apex Condo, this 476-square-foot corner residence has an alcove studio layout, oversized windows, and a separate kitchen with custom cabinetry, Caesarstone countertops, and KitchenAid stainless steel appliances. The bathroom includes a Wenge Wood vanity, marble sink, porcelain shower tile, and Toto toilet. An in-unit washer and dryer adds to the unit’s features. The building was constructed in 2010.
Shared amenities include a part-time doorman, two furnished roof decks, a gym, a package room with cold storage for grocery deliveries, and bike storage. Whole Foods, Trader Joe’s, and Target are a few blocks away. The Apollo Theater, CUNY, Columbia University, Morningside Park, and St. Nicholas Park are described as nearby. A, C, B, D, 2, and 3 trains provide access to Midtown, with a stated commute of 20 minutes.
Shared amenities include a part-time doorman, two furnished roof decks, a gym, a package room with cold storage for grocery deliveries, and bike storage. Whole Foods, Trader Joe’s, and Target are a few blocks away. The Apollo Theater, CUNY, Columbia University, Morningside Park, and St. Nicholas Park are described as nearby. A, C, B, D, 2, and 3 trains provide access to Midtown, with a stated commute of 20 minutes.
Key Highlights
- 476‑square‑foot corner alcove studio
- Separate kitchen with custom cabinetry, Caesarstone counters, and KitchenAid stainless steel appliances
- In‑unit washer and dryer; bathroom has a Wenge Wood vanity, marble sink, porcelain shower tile, and Toto toilet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,893
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,860
$297.9K
Cap Rate 7%
$212,757
$212.8K
Cap Rate 9%
$165,478
$165.5K
Market Conditions
NOI Build-Up for 476 SF
Gross rent
$28.5K $59.88/SF
− Vacancy
−$1.4K −$2.99/SF
EGI
$27.1K $56.89/SF
− OpEx
−$12.2K −$25.60/SF
NOI
$14.9K $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%
$297,860
Cap Rate 7%
$212,757
Cap Rate 9%
$165,478
Alternative Uses
Best Use
Apartment 5plus
$212.8K
$186.2K – $248.2K
NOI $14,893 @ 7.0% cap · market cap 3.39%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.18M
$1.04M – $1.38M
NOI $82,938 @ 7.0% cap · market cap 18.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
Frequently Asked Questions
What type of property is this?
Residential income property - The corner residence features an alcove studio layout, a separate kitchen, oversized windows, and an in-unit washer and dryer.
Where is this residential income property located?
The property is located at 2300 Frederick Douglass Boulevard 7H New York City, NY.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: 476‑square‑foot corner alcove studio; Separate kitchen with custom cabinetry, Caesarstone counters, and KitchenAid stainless steel appliances; In‑unit washer and dryer; bathroom has a Wenge Wood vanity, marble sink, porcelain shower tile, and Toto toilet
