Prewar Residential
243 W 98TH Street 2C, Manhattan, NY 10025
For Sale
$1,450,000
A three-bedroom layout with a separate office and windowed eat-in kitchen offers room to reconfigure the interior.
Property Size1,542 SF
Price / SF$940.34
Days on Market19
Property Features for 243 W 98TH Street 2C
General Information
Standard status
Size
Property subtype
Additional Details
HOA Fee
Road Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
live-in superintendent
video intercom
bike storage
Building Details
Building Size
Year Built
Listing Agency:
Corcoran Group
Listed By:
Rose Julie Connelly
(917) 691-7616
Source:
Decodenyc
Added: Oct 22
Changed: Nov 8
Last Checked: Nov 8 at 5:49PM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
This 1,542-square-foot condominium in a 1925 prewar building has three bedrooms, a separate home office, and a windowed eat-in kitchen. A gallery entry connects to east-facing living and dining rooms, while high ceilings, original architectural details, extensive closets, a large pantry, and an in-unit washer and dryer add to the layout. The kitchen is positioned for renovation, and the interior presents scope for a custom redesign.
The residence is at 243 W 98th Street in New York City, with living and dining rooms facing Broadway. The building has a live-in superintendent, video intercom, and bicycle storage. Riverside Park and Central Park are accessible from the property.
The residence is at 243 W 98th Street in New York City, with living and dining rooms facing Broadway. The building has a live-in superintendent, video intercom, and bicycle storage. Riverside Park and Central Park are accessible from the property.
Key Highlights
- 1,542‑square‑foot condominium in a 1925 prewar building
- Three bedrooms plus a separate home office
- East‑facing living and dining rooms overlooking Broadway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,759
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,015,180
$1.0M
Cap Rate 7%
$725,129
$725.1K
Cap Rate 9%
$563,989
$564.0K
Market Conditions
NOI Build-Up for 1,542 SF
Gross rent
$97.1K $63.00/SF
− Vacancy
−$4.9K −$3.15/SF
EGI
$92.3K $59.85/SF
− OpEx
−$41.5K −$26.93/SF
NOI
$50.8K $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%
$1,015,180
Cap Rate 7%
$725,129
Cap Rate 9%
$563,989
Alternative Uses
Best Use
Apartment 5plus
$725.1K
$634.5K – $846.0K
NOI $50,759 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$959.3K – $1.28M
NOI $76,746 @ 7.0% cap · market cap 5.29%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
7,855
Businesses Nearby
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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
$1,125,200
Median Home Value
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Market
Average Price Trend$/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 three-bedroom layout with a separate office and windowed eat-in kitchen offers room to reconfigure the interior.
Where is this residential income property located?
The property is located at 243 W 98TH Street 2C Manhattan, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 1,542‑square‑foot condominium in a 1925 prewar building; Three bedrooms plus a separate home office; East‑facing living and dining rooms overlooking Broadway
