Renovated Residential Income
26 W 97TH Street 1A, Manhattan, NY 10025
For Sale
$550,000
Pending
Pre-war condominium residence with updated interiors, abundant natural light, and shared laundry, bike, and storage amenities.
Property Size550 SF
Days on Market183
Property Features for 26 W 97TH Street 1A
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
laundry room
bike room
storage rooms
Building Details
Building Size
Year Built
Listing Agency:
Corcoran Group
Listed By:
Chen Mishael · License NY #10401212623
(347) 512-4143
Source:
Miradorrealestate
Added: May 11
Changed: Nov 7
Last Checked: Nov 8 at 1:44PM
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 residential income property is a renovated pre-war condominium residence in an intimate 20-unit building completed in 1930. The 550-square-foot apartment includes a windowed kitchen with granite countertops, a windowed bathroom, hardwood flooring, high ceilings, generous closet storage, and an arched transition into the living area. Two large north-facing windows bring natural light into the home.
Building amenities include a laundry room, bike room, and storage rooms within the renovated basement. Central Park is directly across the street, while nearby grocery options and Columbus Square Center provide shopping and dining access. Transportation includes the B and C trains at 96th Street and Central Park West, the 1, 2, and 3 trains at 96th Street and Broadway, a crosstown bus along 96th Street and Columbus Avenue, and a Citi Bike station near Central Park West and 97th Street.
Building amenities include a laundry room, bike room, and storage rooms within the renovated basement. Central Park is directly across the street, while nearby grocery options and Columbus Square Center provide shopping and dining access. Transportation includes the B and C trains at 96th Street and Central Park West, the 1, 2, and 3 trains at 96th Street and Broadway, a crosstown bus along 96th Street and Columbus Avenue, and a Citi Bike station near Central Park West and 97th Street.
Key Highlights
- 550‑square‑foot renovated condominium residence
- Pre‑war building completed in 1930 with 20 units
- Windowed kitchen with granite countertops and windowed bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,105
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$362,100
$362.1K
Cap Rate 7%
$258,643
$258.6K
Cap Rate 9%
$201,167
$201.2K
Market Conditions
NOI Build-Up for 550 SF
Gross rent
$34.7K $63.00/SF
− Vacancy
−$1.7K −$3.15/SF
EGI
$32.9K $59.85/SF
− OpEx
−$14.8K −$26.93/SF
NOI
$18.1K $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%
$362,100
Cap Rate 7%
$258,643
Cap Rate 9%
$201,167
Alternative Uses
Best Use
Apartment 5plus
$258.6K
$226.3K – $301.8K
NOI $18,105 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$391.1K
$342.2K – $456.2K
NOI $27,374 @ 7.0% cap · market cap 4.98%
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
12,168
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 - Pre-war condominium residence with updated interiors, abundant natural light, and shared laundry, bike, and storage amenities.
Where is this residential income property located?
The property is located at 26 W 97TH Street 1A Manhattan, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 550‑square‑foot renovated condominium residence; Pre‑war building completed in 1930 with 20 units; Windowed kitchen with granite countertops and windowed bathroom
