Full-Floor Residential Income
238 W 108th Street 5, New York City, NY 10025
For Sale
$2,000,000
Pending
Contemporary condominium residence with private outdoor space, direct elevator access, central HVAC, and dedicated lower-level storage.
Property Size1,810 SF
Days on Market63
Property Features for 238 W 108th Street 5
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
gas fireplace
central HVAC
double-paned windows
storage closet
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Lucie Holt
(917) 770-4953
Source:
Serhant
Added: Sep 8
Changed: Oct 31
Last Checked: Nov 8 at 3:36PM
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
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 full-floor condominium residence occupies the fifth floor of a boutique building completed in 2007. The 1,810-square-foot layout includes three bedrooms, 2.5 bathrooms, a spacious living and dining area, an open kitchen, a powder room, and a separate 68 sq ft storage closet. Direct elevator entry, 9-foot ceilings, bamboo flooring, designer lighting, and double-paned windows add to the interior specification.
The kitchen is fitted with custom cabinetry, pantry storage, a breakfast island, farmhouse-style sink, Sub-Zero refrigerator, Bosch dishwasher, Viking gas range and oven, built-in microwave, and Bosch washer and dryer. The primary suite includes a walk-in closet and limestone bath with a jetted soaking tub, separate shower, and double vanity. A 177-square-foot south-facing terrace connects to the primary bedroom, while the second bedroom also has terrace access. Central HVAC provides year-round climate control, and the building features video-assisted entry and a key-locked elevator.
The kitchen is fitted with custom cabinetry, pantry storage, a breakfast island, farmhouse-style sink, Sub-Zero refrigerator, Bosch dishwasher, Viking gas range and oven, built-in microwave, and Bosch washer and dryer. The primary suite includes a walk-in closet and limestone bath with a jetted soaking tub, separate shower, and double vanity. A 177-square-foot south-facing terrace connects to the primary bedroom, while the second bedroom also has terrace access. Central HVAC provides year-round climate control, and the building features video-assisted entry and a key-locked elevator.
Key Highlights
- 1,810‑square‑foot full‑floor condominium residence
- 177‑square‑foot south‑facing terrace off the primary bedroom
- Three bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,581
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,191,620
$1.2M
Cap Rate 7%
$851,157
$851.2K
Cap Rate 9%
$662,011
$662.0K
Market Conditions
NOI Build-Up for 1,810 SF
Gross rent
$114.0K $63.00/SF
− Vacancy
−$5.7K −$3.15/SF
EGI
$108.3K $59.85/SF
− OpEx
−$48.7K −$26.93/SF
NOI
$59.6K $32.92/SF
Area
ZIP 10025
Vacancy
5.00%
Lease Rate
$63.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,191,620
Cap Rate 7%
$851,157
Cap Rate 9%
$662,011
Alternative Uses
Best Use
Apartment 5plus
$851.2K
$744.8K – $993.0K
NOI $59,581 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,084 @ 7.0% cap · market cap 4.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
7,470
Businesses Nearby
Explore this area
Business Placement
Demographics for 10025, NY
95,424
Population
47,649
Households
2
Avg Household Size
41
Median Age
69%
College-Educated
92%
High-School Grad
0.9 sq mi
ZIP Area
106,027
Density / Sq Mi
$109,195
Median Household Income
$64,827
Median Earnings
$2,009
Median Rent
$1,125,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Residential income properties in New York City, NY
Properties on Market for Residential income properties in New York City
Frequently Asked Questions
What type of property is this?
Residential income property - Contemporary condominium residence with private outdoor space, direct elevator access, central HVAC, and dedicated lower-level storage.
Where is this residential income property located?
The property is located at 238 W 108th Street 5 New York City, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 1,810‑square‑foot full‑floor condominium residence; 177‑square‑foot south‑facing terrace off the primary bedroom; Three bedrooms and 2.5 bathrooms
