Townhouse-Style Residential Income
297 W 137th Street 2570C, Manhattan, NY 10030
For Sale
$899,000
A two-level condominium includes two bedrooms, 1.5 baths, and an in-unit washer and dryer.
Property Size1,000 SF
Days on Market13
Property Features for 297 W 137th Street 2570C
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
private entrances
wide-plank floors
fireplace
stainless steel appliances
granite counters
shaker cabinetry
plantation shutters
washer and dryer
gated outdoor parking spaces
Building Details
Building Size
Year Built
Construction
Listing Agency:
Bizzarro Agency LLC
Listed By:
Matthew J Bizzarro
(917) 979-2259
Source:
Serhant
Added: Oct 28
Changed: Nov 9
Last Checked: Nov 8 at 4:03PM
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 Bizzarro Agency LLC
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Investment Insights
Based on property information with market context.
This two-level condominium is located in a brick rowhouse building and has two bedrooms and 1.5 baths. The main floor combines living and dining space with a fireplace and oversized windows. The kitchen has stainless steel appliances, granite counters, shaker cabinetry, and two windows. A powder room and washer and dryer are also on this level. Upstairs, two bedrooms have large windows and closet space, with a full bathroom serving the floor.
The property is near St. Nicholas Park, Trader Joe’s, Whole Foods, theaters, museums, and the 135 Street B/C trains. The building dates to 1994.
The property is near St. Nicholas Park, Trader Joe’s, Whole Foods, theaters, museums, and the 135 Street B/C trains. The building dates to 1994.
Key Highlights
- Two‑level condominium with two bedrooms and 1.5 baths
- Brick rowhouse building constructed in 1994
- Kitchen features stainless steel appliances, granite counters, and shaker cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,287
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,740
$625.7K
Cap Rate 7%
$446,957
$447.0K
Cap Rate 9%
$347,633
$347.6K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$59.9K $59.88/SF
− Vacancy
−$3.0K −$2.99/SF
EGI
$56.9K $56.89/SF
− OpEx
−$25.6K −$25.60/SF
NOI
$31.3K $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%
$625,740
Cap Rate 7%
$446,957
Cap Rate 9%
$347,633
Alternative Uses
Best Use
Apartment 5plus
$447.0K
$391.1K – $521.5K
NOI $31,287 @ 7.0% cap · market cap 3.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$699.1K
$611.7K – $815.6K
NOI $48,938 @ 7.0% cap · market cap 5.44%
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
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 Manhattan, NY
Properties on Market for Residential income properties in Manhattan
Frequently Asked Questions
What type of property is this?
Residential income property - A two-level condominium includes two bedrooms, 1.5 baths, and an in-unit washer and dryer.
Where is this residential income property located?
The property is located at 297 W 137th Street 2570C Manhattan, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑level condominium with two bedrooms and 1.5 baths; Brick rowhouse building constructed in 1994; Kitchen features stainless steel appliances, granite counters, and shaker cabinetry
