Pre-War Residential Income
300 W 109TH Street 3LMR, Manhattan, NY 10025
For Sale
$2,999,000
Approximately 3,000 square feet with four bedrooms, a den, generous entertaining areas, and preserved architectural details.
Property Size3,000 SF
Price / SF$999.67
Days on Market55
Property Features for 300 W 109TH Street 3LMR
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Abigail Perlman · License #10301214458 (NY)
(917) 399-4496
Source:
Miradorrealestate
Added: Sep 14
Changed: Nov 3
Last Checked: Nov 6 at 6:31PM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
This approximately 3,000-square-foot cooperative residence occupies a flexible pre-war layout with four bedrooms and a den. An oversized entry gallery leads into an expansive living and dining area, while the bedroom wing is positioned separately from the main entertaining spaces. The home includes 10-foot ceilings, refinished oak strip floors, oversized windows, original moldings, and a windowed kitchen with new appliances and substantial storage. The primary suite has a private entry foyer and an en-suite bathroom.
The Manhasset was built in 1903 and reflects Beaux-Arts architecture. Building services and amenities include a live-in superintendent, full-time porters, overnight security, a package room, video intercom, fitness center, bicycle storage, and central laundry. The property is near Riverside Park, shopping, restaurants, and public transportation. Pets are welcome, while pied-à-terre ownership and co-purchases are considered case by case.
The Manhasset was built in 1903 and reflects Beaux-Arts architecture. Building services and amenities include a live-in superintendent, full-time porters, overnight security, a package room, video intercom, fitness center, bicycle storage, and central laundry. The property is near Riverside Park, shopping, restaurants, and public transportation. Pets are welcome, while pied-à-terre ownership and co-purchases are considered case by case.
Key Highlights
- Approximately 3,000 square feet with four bedrooms plus a den
- Oversized entrance gallery and expansive living and dining area
- 10‑foot ceilings, oak strip floors, oversized windows, and original moldings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,753
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,975,060
$2.0M
Cap Rate 7%
$1,410,757
$1.4M
Cap Rate 9%
$1,097,256
$1.1M
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$189.0K $63.00/SF
− Vacancy
−$9.5K −$3.15/SF
EGI
$179.6K $59.85/SF
− OpEx
−$80.8K −$26.93/SF
NOI
$98.8K $32.92/SF
Area
ZIP 10025
Vacancy
5.00%
Lease Rate
$63.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,975,060
Cap Rate 7%
$1,410,757
Cap Rate 9%
$1,097,256
Alternative Uses
Best Use
Apartment 5plus
$1.41M
$1.23M – $1.65M
NOI $98,753 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.85M
$10.37M – $13.82M
NOI $829,440 @ 7.0% cap · market cap 27.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
6,880
Businesses Nearby
Explore this area
Business Placement
Demographics for 10025, NY
95,424
Population
47,649
Households
2
Avg Household Size
41
Median Age
69%
College-Educated
92%
High-School Grad
0.9 sq mi
ZIP Area
106,027
Density / Sq Mi
$109,195
Median Household Income
$64,827
Median Earnings
$2,009
Median Rent
$1,125,200
Median Home Value
Market
Average Price Trend$/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 - Approximately 3,000 square feet with four bedrooms, a den, generous entertaining areas, and preserved architectural details.
Where is this residential income property located?
The property is located at 300 W 109TH Street 3LMR Manhattan, NY.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Approximately 3,000 square feet with four bedrooms plus a den; Oversized entrance gallery and expansive living and dining area; 10‑foot ceilings, oak strip floors, oversized windows, and original moldings
