Residential Condominium with Exposed
506 E 119TH Street PH, Manhattan, NY 10035
For Sale
$749,000
The current two-bedroom layout includes an open kitchen, central air conditioning, in-unit laundry and private storage.
Property Size1,200 SF
Price / SF$624.17
Days on Market197
Property Features for 506 E 119TH Street PH
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
central air conditioning
in-unit washer/dryer
private storage
bike storage
Building Details
Building Size
Year Built
Construction
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Sahar Ziv · License NY SL3599882
(646) 467-4694
Source:
Decodenyc
Added: Apr 27
Changed: Nov 8
Last Checked: Nov 9 at 1:42PM
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.
Set within a brownstone built in 1900, this 1,200-square-foot condominium is described as a three-bedroom home currently arranged as two bedrooms. The interior has 11-foot ceilings, 9-foot doorways and exposed brick. Oversized windows face north and south, with protected views. The open kitchen has granite countertops, and the unit includes central air conditioning, an in-unit washer and dryer, a private storage unit and bike storage.
East River Plaza, with Costco and Aldi, is nearby. The 6 train’s 116th Street station provides subway service toward Midtown Manhattan. A connection to a private 1,000-square-foot roof deck is proposed, subject to approval.
East River Plaza, with Costco and Aldi, is nearby. The 6 train’s 116th Street station provides subway service toward Midtown Manhattan. A connection to a private 1,000-square-foot roof deck is proposed, subject to approval.
Key Highlights
- 1,200 square feet; currently configured as a two‑bedroom home
- 11‑foot ceilings and 9‑foot doorways
- Exposed brick and oversized windows with protected northern and southern views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,545
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,900
$750.9K
Cap Rate 7%
$536,357
$536.4K
Cap Rate 9%
$417,167
$417.2K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$71.9K $59.88/SF
− Vacancy
−$3.6K −$2.99/SF
EGI
$68.3K $56.89/SF
− OpEx
−$30.7K −$25.60/SF
NOI
$37.5K $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%
$750,900
Cap Rate 7%
$536,357
Cap Rate 9%
$417,167
Alternative Uses
Best Use
Apartment 5plus
$536.4K
$469.3K – $625.8K
NOI $37,545 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$838.9K
$734.1K – $978.8K
NOI $58,726 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,661
Businesses Nearby
Explore this area
Business Placement
Demographics for 10035, NY
35,980
Population
16,340
Households
2.2
Avg Household Size
38
Median Age
31%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
25,700
Density / Sq Mi
$40,556
Median Household Income
$44,042
Median Earnings
$1,283
Median Rent
$663,500
Median Home Value
Market
Average Price Trend$/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 - The current two-bedroom layout includes an open kitchen, central air conditioning, in-unit laundry and private storage.
Where is this residential income property located?
The property is located at 506 E 119TH Street PH Manhattan, NY.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 1,200 square feet; currently configured as a two‑bedroom home; 11‑foot ceilings and 9‑foot doorways; Exposed brick and oversized windows with protected northern and southern views
