Upgraded Residential Income
257 W 117th Street 2F, Manhattan, NY 10026
For Sale
$839,000
Flexible condominium residence with two full bathrooms, modern finishes, and full-service building amenities in Harlem.
Property Size952 SF
Price / SF$881.30
Days on Market60
Property Features for 257 W 117th Street 2F
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
24-hour doorman
live-in superintendent
ButterflyMX keyless entry
bike storage
transferable storage lockers
in-unit washer/dryer
central air
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
shimaa anwar · License #10401351011
(917) 635-9301
Source:
Howardhannanyc
Added: Sep 9
Changed: Nov 2
Last Checked: Nov 6 at 6:32PM
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 952-square-foot condominium residence at The Fitzgerald combines a primary bedroom with a separate flex room that can serve as an office, guest room, nursery, dressing room, or additional sleeping area. The home includes two full bathrooms, central air, oversized closets, an in-unit Bosch washer and dryer, and an open kitchen equipped with stone counters, white cabinetry, Bosch appliances, a Liebherr refrigerator, and an Elkay sink with disposal. The primary suite features a marble bathroom with a glass-enclosed shower, while the additional bathroom includes a soaking tub.
Building services include a 24-hour doorman, live-in superintendent, elevator, ButterflyMX keyless entry, bike storage, and transferable storage lockers. Adjacent garage parking is available separately. The property is near Morningside Park, Central Park, the B, C, 2, and 3 trains, and Harlem Restaurant Row. Built in 1892.
Building services include a 24-hour doorman, live-in superintendent, elevator, ButterflyMX keyless entry, bike storage, and transferable storage lockers. Adjacent garage parking is available separately. The property is near Morningside Park, Central Park, the B, C, 2, and 3 trains, and Harlem Restaurant Row. Built in 1892.
Key Highlights
- 952‑square‑foot condominium with a primary bedroom and separate flex room
- Two full bathrooms, including a marble en‑suite with glass‑enclosed shower
- Open kitchen with Bosch appliances and Liebherr refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,786
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,720
$595.7K
Cap Rate 7%
$425,514
$425.5K
Cap Rate 9%
$330,956
$331.0K
Market Conditions
NOI Build-Up for 952 SF
Gross rent
$57.0K $59.88/SF
− Vacancy
−$2.9K −$2.99/SF
EGI
$54.2K $56.89/SF
− OpEx
−$24.4K −$25.60/SF
NOI
$29.8K $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%
$595,720
Cap Rate 7%
$425,514
Cap Rate 9%
$330,956
Alternative Uses
Best Use
Apartment 5plus
$425.5K
$372.3K – $496.4K
NOI $29,786 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.37M
$2.07M – $2.76M
NOI $165,876 @ 7.0% cap · market cap 19.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
9,289
Businesses Nearby
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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
$1,014,100
Median Home Value
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Market
Average Price Trend$/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 - Flexible condominium residence with two full bathrooms, modern finishes, and full-service building amenities in Harlem.
Where is this residential income property located?
The property is located at 257 W 117th Street 2F Manhattan, NY.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: 952‑square‑foot condominium with a primary bedroom and separate flex room; Two full bathrooms, including a marble en‑suite with glass‑enclosed shower; Open kitchen with Bosch appliances and Liebherr refrigerator
