Two Bedroom Home Near
For Sale
$725,000
Pending
242 W 112th St 3BC, New York, NY 10026
Two-bedroom, two-bathroom home near Central Park and Columbia University.
Property Size900 SF
Lot Size0.08 Acres
Days on Market315
Property Features for 242 W 112th St 3BC
General Information
Standard status
Pending
Size
900 SF
Lot size
0.08 Acres
Property subtype
Residential
Building Details
Building Size
900 SF
Year Built
1900
Listed By:
TODD R STEVENS
(917) 937-0379
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 6
Last Checked: Oct 7 at 2:00PM
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 TODD R STEVENS
Investment Insights
Based on property information with market context.
Located at 242 West 112th Street, this two-bedroom, two-bathroom home is situated in a circa 1900 building with an architecturally beautiful front facade. The home spans the width of the building, featuring both east and west sunlight in the living room, dining room, and kitchen. The bedrooms each have two large windows with south sunlight, and a full windowed bathroom neighbors each bedroom. The flow-through kitchen provides generous cabinet space, a wood butcher block table, and an open flow to the dining area and spacious living room. Hardwood floors are present throughout this prewar walkup third floor home. A washer and dryer room is located within the building's basement. The property is located two blocks from Central Park and near Columbia University and St. Lukes Hospital. Conveniently located near the C/B and 2/3 trains.
Key Highlights
- Two blocks from Central Park.
- Two bedrooms and two bathrooms.
- Abundant natural light from east, west, and south exposures.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,159
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$563,180
$563.2K
Cap Rate 7%
$402,271
$402.3K
Cap Rate 9%
$312,878
$312.9K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$53.9K $59.88/SF
− Vacancy
−$2.7K −$2.99/SF
EGI
$51.2K $56.89/SF
− OpEx
−$23.0K −$25.60/SF
NOI
$28.2K $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%
$563,180
Cap Rate 7%
$402,271
Cap Rate 9%
$312,878
Alternative Uses
Best Use
Apartment 5plus
$402.3K
$352.0K – $469.3K
NOI $28,159 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,816 @ 7.0% cap · market cap 21.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
8,482
Businesses Nearby
Explore this area
Business Placement
Demographics for 10026, NY
35,644
Population
17,648
Households
2
Avg Household Size
37
Median Age
54%
College-Educated
90%
High-School Grad
0.4 sq mi
ZIP Area
89,110
Density / Sq Mi
$74,140
Median Household Income
$56,919
Median Earnings
$1,546
Median Rent
$1,014,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-bedroom, two-bathroom home near Central Park and Columbia University.
Where is this apartment building located?
The property is located at 242 W 112th St 3BC New York, NY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Two blocks from Central Park.; Two bedrooms and two bathrooms.; Abundant natural light from east, west, and south exposures.
