Renovated One-Bedroom Income
For Sale
$600,000
Pending
301 W 110th Street 1C, New York City, NY 10026
Condominium residence with hardwood floors, an updated kitchen, full-service building amenities, and flexible leasing provisions.
Property Size589 SF
Days on Market147
Property Features for 301 W 110th Street 1C
General Information
Standard status
Pending
Size
589 SF
Property subtype
Apartment
Taxes and HOA fees
Annual Taxes
$10,704
Building Details
Building Size
589 SF
Year Built
1987
Listing Agency:
Compass
Listed By:
Everett Smith
(646) 653-4764
Source:
Serhant
Added: Apr 10
Changed: Sep 3
Last Checked: Sep 2 at 9:17PM
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.
Residence 4V is a renovated one-bedroom, one-bathroom condominium apartment with hardwood flooring throughout. The home includes an updated kitchen with substantial storage and a dishwasher, a spacious living room, and a large bedroom with room for a home office or reading area. The building was constructed in 1987 and provides elevator service, 24-hour front desk coverage, a live-in superintendent, on-site laundry, bike storage, and additional storage options.
The property is across from Frederick Douglass Circle and next to Central Park and Morningside Park. Columbia University, Whole Foods, neighborhood retail, and dining are nearby. The B and C trains stop directly in front of the building, while the 1, 2, and 3 lines are within a 10-minute walk. Bus service includes the M3, M4, M7, M10, and M16. Cats are permitted, up to two per unit. Leasing is allowed with board approval after one year of ownership, and a tenant is in place through January.
The property is across from Frederick Douglass Circle and next to Central Park and Morningside Park. Columbia University, Whole Foods, neighborhood retail, and dining are nearby. The B and C trains stop directly in front of the building, while the 1, 2, and 3 lines are within a 10-minute walk. Bus service includes the M3, M4, M7, M10, and M16. Cats are permitted, up to two per unit. Leasing is allowed with board approval after one year of ownership, and a tenant is in place through January.
Key Highlights
- Renovated one‑bedroom, one‑bathroom condominium residence
- Hardwood floors, updated kitchen, dishwasher, and abundant kitchen storage
- 1987 building with elevator, 24‑hour front desk, live‑in superintendent, laundry, bike storage, and additional storage
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
$18,428
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
3.07%
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%
$368,560
$368.6K
Cap Rate 7%
$263,257
$263.3K
Cap Rate 9%
$204,756
$204.8K
Market Conditions
NOI Build-Up for 589 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
$35.3K $59.88/SF
− Vacancy
−$1.8K −$2.99/SF
EGI
$33.5K $56.89/SF
− OpEx
−$15.1K −$25.60/SF
NOI
$18.4K $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%
$368,560
Cap Rate 7%
$263,257
Cap Rate 9%
$204,756
Alternative Uses
Best Use
Apartment 5plus
$263.3K
$230.4K – $307.1K
NOI $18,428 @ 7.0% cap · market cap 3.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.47M
$1.28M – $1.71M
NOI $102,627 @ 7.0% cap · market cap 17.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,953
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with hardwood floors, an updated kitchen, full-service building amenities, and flexible leasing provisions.
Where is this residential income property located?
The property is located at 301 W 110th Street 1C New York City, NY.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Renovated one‑bedroom, one‑bathroom condominium residence; Hardwood floors, updated kitchen, dishwasher, and abundant kitchen storage; 1987 building with elevator, 24‑hour front desk, live‑in superintendent, laundry, bike storage, and additional storage
