Park-Facing Residential Income
295 Bennett Avenue 8G, New York City, NY 10040
For Sale
$385,000
Pending
Vacant one-bedroom co-op residence with renovated kitchen, hardwood floors, elevator access, and direct views toward Fort Tryon Park.
Property Size700 SF
Days on Market56
Property Features for 295 Bennett Avenue 8G
General Information
Standard status
Size
Elevators
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
elevator
on-site laundry
bike room
private storage
Building Details
Building Size
Year Built
Stories
Listing Agency:
Compass
Listed By:
Javier Amor
(213) 870-3320
Source:
Carlinwright
Added: Sep 15
Changed: Nov 3
Last Checked: Nov 8 at 1:12PM
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 8G is a 700-square-foot, one-bedroom co-op on the eighth floor of an elevator building completed in 1951. The living room, bedroom, and kitchen are oriented toward Fort Tryon Park, while the interior includes hardwood flooring and a renovated kitchen with extensive cabinetry and a breakfast bar. The home will be delivered vacant at closing.
The cooperative complex contains 352 units, with an on-site full-time superintendent, laundry facilities, and a bike room and private storage available through wait-lists. Pets, pieds-à-terre, co-purchasing, guarantors, and gifting are permitted. Subletting is allowed with board approval on one-year terms, with renewals also subject to approval.
The property is in Hudson Heights near neighborhood cafes, restaurants, daily services, the Cloisters, and Heather Garden. Transportation options include the A train at 190th Street, the 1 train near Broadway, the M4 bus, and regional service from the George Washington Bridge Bus Station. The George Washington Bridge and Henry Hudson Parkway provide regional road access.
The cooperative complex contains 352 units, with an on-site full-time superintendent, laundry facilities, and a bike room and private storage available through wait-lists. Pets, pieds-à-terre, co-purchasing, guarantors, and gifting are permitted. Subletting is allowed with board approval on one-year terms, with renewals also subject to approval.
The property is in Hudson Heights near neighborhood cafes, restaurants, daily services, the Cloisters, and Heather Garden. Transportation options include the A train at 190th Street, the 1 train near Broadway, the M4 bus, and regional service from the George Washington Bridge Bus Station. The George Washington Bridge and Henry Hudson Parkway provide regional road access.
Key Highlights
- 700 SF one‑bedroom residence on the eighth floor
- Living room, bedroom, and kitchen face Fort Tryon Park
- Renovated kitchen with generous cabinetry and breakfast bar
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,901
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,020
$438.0K
Cap Rate 7%
$312,871
$312.9K
Cap Rate 9%
$243,344
$243.3K
Market Conditions
NOI Build-Up for 700 SF
Gross rent
$41.9K $59.88/SF
− Vacancy
−$2.1K −$2.99/SF
EGI
$39.8K $56.89/SF
− OpEx
−$17.9K −$25.60/SF
NOI
$21.9K $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%
$438,020
Cap Rate 7%
$312,871
Cap Rate 9%
$243,344
Alternative Uses
Best Use
Apartment 5plus
$312.9K
$273.8K – $365.0K
NOI $21,901 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$489.4K
$428.2K – $571.0K
NOI $34,257 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,265
Businesses Nearby
Explore this area
Business Placement
Demographics for 10040, NY
40,405
Population
17,020
Households
2.4
Avg Household Size
39
Median Age
38%
College-Educated
77%
High-School Grad
0.6 sq mi
ZIP Area
67,342
Density / Sq Mi
$64,022
Median Household Income
$41,849
Median Earnings
$1,680
Median Rent
$465,700
Median Home Value
Market
Average Price Trend$/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 - Vacant one-bedroom co-op residence with renovated kitchen, hardwood floors, elevator access, and direct views toward Fort Tryon Park.
Where is this residential income property located?
The property is located at 295 Bennett Avenue 8G New York City, NY.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 700 SF one‑bedroom residence on the eighth floor; Living room, bedroom, and kitchen face Fort Tryon Park; Renovated kitchen with generous cabinetry and breakfast bar
