Residential Income Property with
New
For Sale
$735,000
261 W 112th Street 4C, New York City, NY 10026
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 Market3
Property Features for 261 W 112th Street 4C
General Information
Standard status
Active
Size
661 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$36
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
661 SF
Year Built
2010
Listing Agency:
Compass
Listed By:
Sang H Kwon
(917) 312-5199
Source:
Bondnyre
Added: Sep 1
Changed: Sep 3
Last Checked: Sep 2 at 8:54PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,681
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Specialty Retail
$1.65M
$1.44M – $1.92M
NOI $115,173 @ 7.0% cap · market cap 15.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
8,482
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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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
