Prewar Apartment Near Columbia
For Sale
$649,000
Pending
535 W 110TH Street 5B, New York City, NY 10025
Cozy apartment with modern amenities in a prime location.
Property Size750 SF
Days on Market285
Property Features for 535 W 110TH Street 5B
General Information
Standard status
Pending
Size
750 SF
Property subtype
Apartment
Building Details
Building Size
750 SF
Year Built
1922
Listing Agency:
Coldwell Banker Warburg
Listed By:
Steven O Goldschmidt
(917) 743-2618
Source:
Miradorrealestate
Added: Nov 27, 2025
Changed: Sep 3
Last Checked: Sep 7 at 7:19AM
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 Coldwell Banker Warburg
Investment Insights
Based on property information with market context.
Located in one of Manhattan's most convenient corners, this apartment offers excellent service levels. Unit 4A provides a quiet refuge with high ceilings and a combo washer dryer in unit. The renovated bathroom complements this spacious unit, which features a pretty entry foyer, a massive windowed kitchen, and beamed ceilings in the living room. Situated in an iconic prewar building with a 24-hour doorman, elevator, and roof terrace with views. Amenities such as a gym and storage are available for an extra charge. Pets are allowed. The building is near Hmart, Westside Market, CVS, and the subway station. Nearby are Columbia University, Barnard, Manhattan School of Music, and Riverside Park, offering access to the Upper West Side.
Key Highlights
- Extremely convenient location: close to Hmart, Westside Market, CVS, and the 1 train subway station.
- Enjoy the 24‑hour doorman and elevator in an iconic prewar building.
- Benefit from the convenience of an in‑unit combo washer/dryer.
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
$24,688
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
3.80%
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%
$493,760
$493.8K
Cap Rate 7%
$352,686
$352.7K
Cap Rate 9%
$274,311
$274.3K
Market Conditions
NOI Build-Up for 750 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
$47.3K $63.00/SF
− Vacancy
−$2.4K −$3.15/SF
EGI
$44.9K $59.85/SF
− OpEx
−$20.2K −$26.93/SF
NOI
$24.7K $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 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%
$493,760
Cap Rate 7%
$352,686
Cap Rate 9%
$274,311
Alternative Uses
Best Use
Apartment 5plus
$352.7K
$308.6K – $411.5K
NOI $24,688 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.96M
$2.59M – $3.46M
NOI $207,360 @ 7.0% cap · market cap 31.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,974
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Cozy apartment with modern amenities in a prime location.
Where is this apartment building located?
The property is located at 535 W 110TH Street 5B New York City, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Extremely convenient location: close to Hmart, Westside Market, CVS, and the 1 train subway station.; Enjoy the **24‑hour doorman and elevator** in an iconic prewar building.; Benefit from the convenience of an **in‑unit combo washer/dryer**.
