Two-Bedroom Residential Income
261 W 112th Street 1A, New York City, NY 10026
For Sale
$999,000
Condominium residence with southern exposure, in-unit laundry, and access to elevator-building amenities.
Property Size1,061 SF
Price / SF$941.56
Days on Market54
Property Features for 261 W 112th Street 1A
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
doorman
fitness center
landscaped roof deck
bike storage
live-in superintendent
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Sang H Kwon
(917) 312-5199
Source:
Nobleblackandpartners
Added: Sep 17
Changed: Oct 31
Last Checked: Nov 8 at 2:19PM
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.
Residence 1A is a 1,061-square-foot, two-bedroom, two-bathroom home in a 2010-built boutique elevator condominium. Southern exposure and oversized windows brighten the living and dining areas, which feature hardwood floors and high ceilings. The kitchen provides ample cabinetry and counter space, while the primary bedroom includes an en-suite bathroom and the second full bath opens to the main living area. Central air conditioning and an in-unit washer and dryer add functional convenience.
Building amenities include a part-time and virtual doorman, fitness center, landscaped roof deck, bike storage, and a live-in superintendent. The residence is near Central Park and Morningside Park, with restaurants, cafes, shops, and access to the B/C and 2/3 subway lines in the surrounding area.
Building amenities include a part-time and virtual doorman, fitness center, landscaped roof deck, bike storage, and a live-in superintendent. The residence is near Central Park and Morningside Park, with restaurants, cafes, shops, and access to the B/C and 2/3 subway lines in the surrounding area.
Key Highlights
- 1,061‑square‑foot residence with two bedrooms and two bathrooms
- Southern exposure and oversized windows
- Hardwood floors and high ceilings in living and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,196
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$663,920
$663.9K
Cap Rate 7%
$474,229
$474.2K
Cap Rate 9%
$368,844
$368.8K
Market Conditions
NOI Build-Up for 1,061 SF
Gross rent
$63.5K $59.88/SF
− Vacancy
−$3.2K −$2.99/SF
EGI
$60.4K $56.89/SF
− OpEx
−$27.2K −$25.60/SF
NOI
$33.2K $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%
$663,920
Cap Rate 7%
$474,229
Cap Rate 9%
$368,844
Alternative Uses
Best Use
Apartment 5plus
$474.2K
$415.0K – $553.3K
NOI $33,196 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$741.8K
$649.1K – $865.4K
NOI $51,924 @ 7.0% cap · market cap 5.20%
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
8,482
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 New York City, NY
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with southern exposure, in-unit laundry, and access to elevator-building amenities.
Where is this residential income property located?
The property is located at 261 W 112th Street 1A New York City, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 1,061‑square‑foot residence with two bedrooms and two bathrooms; Southern exposure and oversized windows; Hardwood floors and high ceilings in living and dining areas
