Two-Bedroom Co-op
242 W 112th Street 5B, Manhattan, NY 10026
For Sale
$545,000
A split-bedroom plan places the open kitchen and living area between two separate sleeping wings.
Property Size685 SF
Price / SF$795.62
Days on Market41
Property Features for 242 W 112th Street 5B
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
HOA Fee
Public Transit
Amenities
central laundry
free bike storage
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Neil P Porter · License #10301210428
(917) 603-4863
Source:
Miradorrealestate
Added: Sep 28
Changed: Nov 7
Last Checked: Nov 6 at 6:45PM
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.
This 685-square-foot, two-bedroom co-op apartment has a split layout, with the kitchen and living room between the two bedroom areas. The unit includes 9-foot ceilings, a foyer, and multiple closets. Washer and dryer installation is allowed in the apartment.
The residence is in a 16-unit HDFC cooperative building constructed in 1900. Building amenities include central laundry and complimentary bike storage. Central Park is two blocks away, and the B and C subway lines are nearby.
The residence is in a 16-unit HDFC cooperative building constructed in 1900. Building amenities include central laundry and complimentary bike storage. Central Park is two blocks away, and the B and C subway lines are nearby.
Key Highlights
- 685‑square‑foot two‑bedroom apartment
- Split layout separates the two bedroom areas with the kitchen and living room between them
- 9‑foot ceilings, foyer, and multiple closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,432
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,640
$428.6K
Cap Rate 7%
$306,171
$306.2K
Cap Rate 9%
$238,133
$238.1K
Market Conditions
NOI Build-Up for 685 SF
Gross rent
$41.0K $59.88/SF
− Vacancy
−$2.1K −$2.99/SF
EGI
$39.0K $56.89/SF
− OpEx
−$17.5K −$25.60/SF
NOI
$21.4K $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%
$428,640
Cap Rate 7%
$306,171
Cap Rate 9%
$238,133
Alternative Uses
Best Use
Apartment 5plus
$306.2K
$267.9K – $357.2K
NOI $21,432 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.71M
$1.49M – $1.99M
NOI $119,354 @ 7.0% cap · market cap 21.90%
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
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
$1,014,100
Median Home Value
Market
Average Price Trend$/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 split-bedroom plan places the open kitchen and living area between two separate sleeping wings.
Where is this residential income property located?
The property is located at 242 W 112th Street 5B Manhattan, NY.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: 685‑square‑foot two‑bedroom apartment; Split layout separates the two bedroom areas with the kitchen and living room between them; 9‑foot ceilings, foyer, and multiple closets
