Two-Bedroom Co-op
New
For Sale
$559,000
242 W 112th Street 5B, New York City, NY 10026
A split-bedroom plan places the open kitchen and living area between two separate sleeping wings.
Property Size685 SF
Price / SF$816.06
Days on Market4
Property Features for 242 W 112th Street 5B
General Information
Standard status
Active
Size
685 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Additional Details
HOA Fee
$412
Public Transit
Yes
Amenities
central laundry
free bike storage
Building Details
Building Size
685 SF
Year Built
1900
Listing Agency:
Compass
Listed By:
Neil P Porter · License #10301210428
(917) 603-4863
Source:
Miradorrealestate
Added: Sep 28
Changed: Oct 1
Last Checked: Sep 30 at 5:54PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,432
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.71M
$1.49M – $1.99M
NOI $119,354 @ 7.0% cap · market cap 21.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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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 New York City, NY.
What is the asking price?
The asking price for this property is $559,000.
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
