Four-Bedroom Residential Income
255 W 98th Street 7-AD, Manhattan, NY 10025
For Sale
$2,295,000
Pre-war cooperative residence with three full bathrooms, formal dining, a family room, and preserved period details.
Property Size2,225 SF
Price / SF$1,031
Days on Market58
Property Features for 255 W 98th Street 7-AD
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
Multifamily Units
Amenities
pet friendly
A/C
storage
video intercom
bicycle storage
planted roof deck
renovated lobby
live-in superintendent
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Cooper & Cooper Real Estate LLC
Listed By:
Christopher Clowdus
(646) 544-5529
Source:
Carlinwright
Added: Sep 11
Changed: Nov 7
Last Checked: Nov 6 at 6:09PM
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 Cooper & Cooper Real Estate LLC
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Investment Insights
Based on property information with market context.
Residence 7AD occupies approximately 2,225 square feet within a 1906 apartment building converted to cooperative ownership in 1984. The four-bedroom layout includes a family room, formal dining room, three full bathrooms, fourteen closets, and a windowed kitchen with premium appliances. French doors, inlaid hardwood floors, high ceilings, and exposures to the south, west, and north add to the apartment’s period character. Pet-friendly building amenities include air conditioning, radiator heat, video intercom, bicycle storage, and private storage.
The ten-story building at 255 W 98th Street has three to four apartments per floor and a live-in superintendent. Common areas include a renovated lobby and elevator, while the planted roof deck provides outdoor space with city views. Subletting, pied-a-terre use, and gifting are permitted, and in-unit washer/dryer installation is not permitted.
The ten-story building at 255 W 98th Street has three to four apartments per floor and a live-in superintendent. Common areas include a renovated lobby and elevator, while the planted roof deck provides outdoor space with city views. Subletting, pied-a-terre use, and gifting are permitted, and in-unit washer/dryer installation is not permitted.
Key Highlights
- Approximately 2,225 SF four‑bedroom apartment with family room and formal dining room
- Three full bathrooms and fourteen closets
- Windowed kitchen with premium appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,241
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,464,820
$1.5M
Cap Rate 7%
$1,046,300
$1.0M
Cap Rate 9%
$813,789
$813.8K
Market Conditions
NOI Build-Up for 2,225 SF
Gross rent
$140.2K $63.00/SF
− Vacancy
−$7.0K −$3.15/SF
EGI
$133.2K $59.85/SF
− OpEx
−$59.9K −$26.93/SF
NOI
$73.2K $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%
$1,464,820
Cap Rate 7%
$1,046,300
Cap Rate 9%
$813,789
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$915.5K – $1.22M
NOI $73,241 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.79M
$7.69M – $10.25M
NOI $615,168 @ 7.0% cap · market cap 26.80%
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
3,759
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
$1,125,200
Median Home Value
Market
Average Price Trend$/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 - Pre-war cooperative residence with three full bathrooms, formal dining, a family room, and preserved period details.
Where is this residential income property located?
The property is located at 255 W 98th Street 7-AD Manhattan, NY.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: Approximately 2,225 SF four‑bedroom apartment with family room and formal dining room; Three full bathrooms and fourteen closets; Windowed kitchen with premium appliances
