Residential Income Property with
261 W 112th Street 4C, New York City, NY 10026
For Sale
$735,000
Renovated one-bedroom residence with private outdoor space, in-unit laundry, elevator access, and extensive building amenities.
Property Size661 SF
Price / SF$1,111
Days on Market70
Property Features for 261 W 112th Street 4C
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private balcony
in-unit washer/dryer
fitness center
common roof deck
additional outdoor space
bike room
private storage available for rent
part-time doorman service
video security
intercom
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Sang H Kwon
(917) 312-5199
Source:
Bondnyre
Added: Sep 1
Changed: Nov 4
Last Checked: Nov 8 at 4:07PM
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 renovated residential income property offers 661 square feet with one bedroom, one bathroom, and a 3.5-room layout. Interior features include hardwood and marble flooring, an updated kitchen equipped with a refrigerator, range, dishwasher, and wine cooler, plus a living area that connects to a 70-square-foot private balcony. An in-unit washer/dryer and elevator access add everyday convenience.
The 2010 building includes a fitness center, shared roof deck, bike room, intercom, video security, and part-time doorman service. Additional outdoor space is also available, while private storage may be rented separately. The property is located at 261 W 112th Street in New York City, two blocks from Central Park, with a 421-A tax abatement in place through 2035.
The 2010 building includes a fitness center, shared roof deck, bike room, intercom, video security, and part-time doorman service. Additional outdoor space is also available, while private storage may be rented separately. The property is located at 261 W 112th Street in New York City, two blocks from Central Park, with a 421-A tax abatement in place through 2035.
Key Highlights
- 661 SF residential income property with one bedroom and one bathroom
- 70 SF private balcony connected to the living area
- Renovated kitchen with refrigerator, range, dishwasher, and wine cooler
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,681
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,620
$413.6K
Cap Rate 7%
$295,443
$295.4K
Cap Rate 9%
$229,789
$229.8K
Market Conditions
NOI Build-Up for 661 SF
Gross rent
$39.6K $59.88/SF
− Vacancy
−$2.0K −$2.99/SF
EGI
$37.6K $56.89/SF
− OpEx
−$16.9K −$25.60/SF
NOI
$20.7K $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%
$413,620
Cap Rate 7%
$295,443
Cap Rate 9%
$229,789
Alternative Uses
Best Use
Apartment 5plus
$295.4K
$258.5K – $344.7K
NOI $20,681 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$462.1K
$404.4K – $539.1K
NOI $32,348 @ 7.0% cap · market cap 4.40%
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
Properties on Market for Residential income properties in New York City
Frequently Asked Questions
What type of property is this?
Residential income property - Renovated one-bedroom residence with private outdoor space, in-unit laundry, elevator access, and extensive building amenities.
Where is this residential income property located?
The property is located at 261 W 112th Street 4C New York City, NY.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: 661 SF residential income property with one bedroom and one bathroom; 70 SF private balcony connected to the living area; Renovated kitchen with refrigerator, range, dishwasher, and wine cooler
