High-Floor Residential Income
For Sale
$925,000
603 W 148TH Street 10B, New York City, NY 10031
Turn-key residence with river views, two bedrooms, modern finishes, and full-service building amenities.
Property Size1,037 SF
Price / SF$891
Days on Market58
Property Features for 603 W 148TH Street 10B
General Information
Standard status
Active
Size
1,037 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$216
Amenities
24-hour door attendant
live-in superintendent
fitness center
pet-friendly
roof terrace
in-unit washer/dryer
central heat and air conditioning
hardwood floors
high ceilings
stainless steel appliances
granite countertops
Building Details
Building Size
1,037 SF
Year Built
2006
Listing Agency:
The Agency Brokerage
Listed By:
Joshua B Garner
(203) 535-4554
Source:
Howardhannanyc
Added: Sep 8
Changed: Oct 31
Last Checked: Nov 3 at 12:28PM
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 The Agency Brokerage
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Investment Insights
Based on property information with market context.
Residence 10B is a 1,037-square-foot, 2-bedroom, 2-bathroom home on the 10th floor of a 2006 building. Southern exposure and oversized windows bring strong natural light into the interior, while Hudson River views add an open visual outlook. The layout includes a primary bedroom with an en-suite bathroom, a second bedroom suited to guests or office use, and a modern kitchen with stainless steel appliances, granite countertops, and substantial storage. Hardwood floors, high ceilings, central heat and air conditioning, and an in-unit washer/dryer complete the home.
Building services include a 24-hour door attendant, live-in superintendent, fitness center, pet-friendly policies, and a roof terrace with city and Hudson River views. The property is located at 603 W 148TH Street in New York City, near Riverside Park and the Hudson River Greenway, with access to the A/B/C/D and 1 trains.
Building services include a 24-hour door attendant, live-in superintendent, fitness center, pet-friendly policies, and a roof terrace with city and Hudson River views. The property is located at 603 W 148TH Street in New York City, near Riverside Park and the Hudson River Greenway, with access to the A/B/C/D and 1 trains.
Key Highlights
- 1,037‑square‑foot residence with 2 bedrooms and 2 bathrooms
- 10th‑floor position with southern exposure and oversized windows
- Hudson River views with sunset outlooks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,445
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,900
$648.9K
Cap Rate 7%
$463,500
$463.5K
Cap Rate 9%
$360,500
$360.5K
Market Conditions
NOI Build-Up for 1,037 SF
Gross rent
$62.1K $59.88/SF
− Vacancy
−$3.1K −$2.99/SF
EGI
$59.0K $56.89/SF
− OpEx
−$26.5K −$25.60/SF
NOI
$32.4K $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 Rate 5%
$648,900
Cap Rate 7%
$463,500
Cap Rate 9%
$360,500
Alternative Uses
Best Use
Apartment 5plus
$463.5K
$405.6K – $540.8K
NOI $32,445 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.58M
$2.26M – $3.01M
NOI $180,687 @ 7.0% cap · market cap 19.53%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,553
Businesses Nearby
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Business Placement
Demographics for 10031, NY
56,363
Population
24,110
Households
2.3
Avg Household Size
36
Median Age
41%
College-Educated
79%
High-School Grad
0.7 sq mi
ZIP Area
80,519
Density / Sq Mi
$65,067
Median Household Income
$41,149
Median Earnings
$1,787
Median Rent
$678,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Turn-key residence with river views, two bedrooms, modern finishes, and full-service building amenities.
Where is this residential income property located?
The property is located at 603 W 148TH Street 10B New York City, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 1,037‑square‑foot residence with 2 bedrooms and 2 bathrooms; 10th‑floor position with southern exposure and oversized windows; Hudson River views with sunset outlooks
