Two-Bedroom Residential Income
303 W 149th Street 5F, Manhattan, NY 10039
For Sale
$499,000
Condo residence with exposed brick, hardwood floors, in-building laundry, and a tenant lease extending through February 2027.
Property Size700 SF
Days on Market90
Property Features for 303 W 149th Street 5F
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Bizzarro Agency LLC
Listed By:
Matthew J Bizzarro
(917) 979-2259
Source:
Serhant
Added: Aug 12
Changed: Nov 9
Last Checked: Nov 8 at 2:32PM
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 700-square-foot condominium, built in 1910, offers a two-bedroom layout with exposed brick, hardwood flooring, abundant natural light, and tree-lined outlooks. The primary bedroom includes dual closets, while the kitchen provides substantial counter space, full-sized appliances, and a dishwasher. An oversized bathroom features a deep soaking tub. The boutique condominium includes an on-site laundry room with free machines for residents and permits pets.
A tenant is in place through February 2027, providing an existing occupancy arrangement for an owner-user or investor. The property is near Jackie Robinson Park and within a few blocks of the ABCD and 3 subway lines, with shopping and coffee shops nearby.
A tenant is in place through February 2027, providing an existing occupancy arrangement for an owner-user or investor. The property is near Jackie Robinson Park and within a few blocks of the ABCD and 3 subway lines, with shopping and coffee shops nearby.
Key Highlights
- 700 SF two‑bedroom condominium in a 1910 building
- Tenant in place through February 2027
- Exposed brick, hardwood floors, and tree‑lined window views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,901
Cap Rate
4.39%
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 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$489.4K
$428.2K – $571.0K
NOI $34,257 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
4,845
Businesses Nearby
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Business Placement
Demographics for 10039, NY
29,239
Population
13,300
Households
2.2
Avg Household Size
37
Median Age
27%
College-Educated
81%
High-School Grad
0.3 sq mi
ZIP Area
97,463
Density / Sq Mi
$48,792
Median Household Income
$36,142
Median Earnings
$1,211
Median Rent
$478,200
Median Home Value
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Market
Average Price Trend$/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 - Condo residence with exposed brick, hardwood floors, in-building laundry, and a tenant lease extending through February 2027.
Where is this residential income property located?
The property is located at 303 W 149th Street 5F Manhattan, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 700 SF two‑bedroom condominium in a 1910 building; Tenant in place through February 2027; Exposed brick, hardwood floors, and tree‑lined window views
