Residential Income Property with Eat-In
For Sale
$649,000
535 W 110TH Street 5B, New York City, NY 10025
One-bedroom apartment in a full-service prewar cooperative with updated appliances and an approved in-unit washer and dryer.
Property Size750 SF
Price / SF$865.33
Days on Market167
Property Features for 535 W 110TH Street 5B
General Information
Standard status
Active
Size
750 SF
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Amenities
package room
fitness center
storage bins
roof decks
washer/dryer
Building Details
Building Size
750 SF
Year Built
1922
Construction
prewar
Listing Agency:
Coldwell Banker Warburg
(917) 743-2618
Listed By:
Steven O Goldschmidt
(917) 743-2618
Source:
Miradorrealestate
Added: Mar 12
Changed: Aug 23
Last Checked: Aug 24 at 1:53PM
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.
This 750 SF one-bedroom, one-bath residence is located in a 1922 prewar cooperative building. The layout includes an entry foyer, a generously proportioned living room with high ceilings and hardwood floors, and a corner bedroom with custom closet storage. A windowed eat-in kitchen has new appliances, while the pantry includes an approved washer and dryer installation.
Building services include 24-hour door staff, a resident superintendent, a handyman, and a lobby-level package room. Residents also have access to a 24-hour fitness room, storage bins, and two furnished, landscaped roof decks with views toward the city, Hudson River, and parks. The property is near Columbia University, Barnard College, Riverside Park, Morningside Park, the Cathedral of St. John the Divine, Riverside Church, local shops and cafes, the M4 and M104 buses, and the #1 subway.
Building services include 24-hour door staff, a resident superintendent, a handyman, and a lobby-level package room. Residents also have access to a 24-hour fitness room, storage bins, and two furnished, landscaped roof decks with views toward the city, Hudson River, and parks. The property is near Columbia University, Barnard College, Riverside Park, Morningside Park, the Cathedral of St. John the Divine, Riverside Church, local shops and cafes, the M4 and M104 buses, and the #1 subway.
Key Highlights
- 750 SF one‑bedroom, one‑bath apartment
- 1922 prewar cooperative building
- Windowed eat‑in kitchen with new appliances
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
Lease Details
1
Residential units
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom apartment in a full-service prewar cooperative with updated appliances and an approved in-unit washer and dryer.
Where is this residential income property 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: 750 SF one‑bedroom, one‑bath apartment; 1922 prewar cooperative building; Windowed eat‑in kitchen with new appliances
