One-Bedroom Residential Income
2601 FREDERICK DOUGLASS Boulevard 3D, New York City, NY 10030
For Sale
$515,000
Well-maintained condominium residence with an open layout, in-unit laundry, deeded storage, and access to a residents-only terrace.
Property Size600 SF
Price / SF$858.33
Days on Market53
Property Features for 2601 FREDERICK DOUGLASS Boulevard 3D
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
residents-only terrace
video intercom
in-unit washer/dryer
basement storage
Building Details
Building Size
Year Built
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Pedro Paredes
(212) 381-2593
Source:
Carlinwright
Added: Sep 18
Changed: Nov 6
Last Checked: Nov 8 at 1:25PM
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 Brown Harris Stevens Residential Sales LLC
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Investment Insights
Based on property information with market context.
Apartment 3D is a 600-square-foot, one-bedroom, one-bath condominium residence in Strivers West, a boutique elevator building completed in 2008. The home offers an open layout, natural light, in-unit washer/dryer, a vented kitchen hood, double-door refrigerator, and substantial closet space. A large deeded storage cage is included in the basement.
The building provides a residents-only terrace, video intercom, elevator service, and basement storage. The property is located across from the historic Strivers Row District in Harlem, with restaurants, parks, shops, and multiple subway lines nearby.
The building provides a residents-only terrace, video intercom, elevator service, and basement storage. The property is located across from the historic Strivers Row District in Harlem, with restaurants, parks, shops, and multiple subway lines nearby.
Key Highlights
- 600‑square‑foot one‑bedroom, one‑bath condominium residence
- Completed in 2008 within the Strivers West boutique elevator condominium
- Open layout with in‑unit washer/dryer and vented kitchen hood
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,772
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,440
$375.4K
Cap Rate 7%
$268,171
$268.2K
Cap Rate 9%
$208,578
$208.6K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$35.9K $59.88/SF
− Vacancy
−$1.8K −$2.99/SF
EGI
$34.1K $56.89/SF
− OpEx
−$15.4K −$25.60/SF
NOI
$18.8K $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%
$375,440
Cap Rate 7%
$268,171
Cap Rate 9%
$208,578
Alternative Uses
Best Use
Apartment 5plus
$268.2K
$234.7K – $312.9K
NOI $18,772 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$419.5K
$367.0K – $489.4K
NOI $29,363 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
7,019
Businesses Nearby
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Business Placement
Demographics for 10030, NY
29,686
Population
14,602
Households
2
Avg Household Size
36
Median Age
35%
College-Educated
78%
High-School Grad
0.3 sq mi
ZIP Area
98,953
Density / Sq Mi
$42,738
Median Household Income
$37,388
Median Earnings
$1,204
Median Rent
$810,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in New York City, NY
Properties on Market for Residential income properties in New York City
Frequently Asked Questions
What type of property is this?
Residential income property - Well-maintained condominium residence with an open layout, in-unit laundry, deeded storage, and access to a residents-only terrace.
Where is this residential income property located?
The property is located at 2601 FREDERICK DOUGLASS Boulevard 3D New York City, NY.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: 600‑square‑foot one‑bedroom, one‑bath condominium residence; Completed in 2008 within the Strivers West boutique elevator condominium; Open layout with in‑unit washer/dryer and vented kitchen hood
