Residential Income Property with
New
For Sale
$1,950,000
257 W 117th Street 1E, New York City, NY 10026
A two-level condominium combines three bedrooms, custom interiors, and direct access to a private outdoor area.
Property Size2,119 SF
Price / SF$920.25
Days on Market3
Property Features for 257 W 117th Street 1E
General Information
Standard status
Active
Size
2,119 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/3BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$19,572
Amenities
24-hour doorman
live-in superintendent
ButterflyMX keyless entry
bike storage
transferable storage lockers
private backyard
electric fireplace
built-in speakers
custom lighting
Gaggenau wine cooler
Bosch stove
Gaggenau appliances
washer/dryer
deep soaking tub
Carrara marble staircase
Noir Saint Laurent marble
quartz countertops
wide-plank white oak flooring
bespoke millwork
custom TABU cabinetry
integrated architectural light panels
custom closet
home office space
Building Details
Building Size
2,119 SF
Year Built
1892
Listing Agency:
Compass
Listed By:
shimaa anwar · License #10401351011
(917) 635-9301
Source:
Miradorrealestate
Added: Oct 13
Changed: Oct 15
Last Checked: Oct 15 at 1:55AM
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 2,119-square-foot duplex condominium has three bedrooms and three full bathrooms, with living and dining areas on the main floor and private sleeping quarters below. Interior details include white oak flooring, custom cabinetry and storage, quartz counters, Gaggenau appliances, a Bosch stove, and Noir Saint Laurent marble. The primary bedroom opens directly to a private backyard. A separate office area includes space for two workstations, and the lower-level bathroom incorporates a washer and dryer.
The residence is in The Fitzgerald at 257 W 117th Street in New York City. The condominium building, completed in 1892, has a 24-hour doorman, live-in superintendent, elevator, keyless entry, bike storage, and transferable storage lockers. Garage parking is available separately. Morningside Park is nearby.
The residence is in The Fitzgerald at 257 W 117th Street in New York City. The condominium building, completed in 1892, has a 24-hour doorman, live-in superintendent, elevator, keyless entry, bike storage, and transferable storage lockers. Garage parking is available separately. Morningside Park is nearby.
Key Highlights
- 2,119‑square‑foot duplex condominium with three bedrooms and three full bathrooms
- Private backyard accessed directly from the primary bedroom
- Separate office area accommodates two workstations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,298
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,325,960
$1.3M
Cap Rate 7%
$947,114
$947.1K
Cap Rate 9%
$736,644
$736.6K
Market Conditions
NOI Build-Up for 2,119 SF
Gross rent
$126.9K $59.88/SF
− Vacancy
−$6.3K −$2.99/SF
EGI
$120.5K $56.89/SF
− OpEx
−$54.2K −$25.60/SF
NOI
$66.3K $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%
$1,325,960
Cap Rate 7%
$947,114
Cap Rate 9%
$736,644
Alternative Uses
Best Use
Apartment 5plus
$947.1K
$828.7K – $1.10M
NOI $66,298 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.27M
$4.62M – $6.15M
NOI $369,215 @ 7.0% cap · market cap 18.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
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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Frequently Asked Questions
What type of property is this?
Residential income property - A two-level condominium combines three bedrooms, custom interiors, and direct access to a private outdoor area.
Where is this residential income property located?
The property is located at 257 W 117th Street 1E New York City, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 2,119‑square‑foot duplex condominium with three bedrooms and three full bathrooms; Private backyard accessed directly from the primary bedroom; Separate office area accommodates two workstations
