Residential Income Property with Roof
For Sale
$885,000
Pending
603 W 148th Street 4A, New York City, NY 10031
Two-bedroom condominium residence with Hudson River views, full-service amenities, and convenient access to multiple subway lines.
Property Size1,141 SF
Days on Market170
Property Features for 603 W 148th Street 4A
General Information
Standard status
Pending
Size
1,141 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$240
Amenities
roof deck
doorman
fitness room
bike storage
laundry room
in-unit washer/dryer
Building Details
Building Size
1,141 SF
Year Built
2006
Listing Agency:
Compass
Listed By:
Christine C Chiu · License #10401289670
(646) 251-7102
Source:
Bondnyre
Added: May 19
Changed: Oct 31
Last Checked: Nov 3 at 2:03PM
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 Compass
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Investment Insights
Based on property information with market context.
Residence 4A is a 1,141-square-foot condominium completed in 2006, configured with 2 bedrooms and 2 bathrooms. The home includes an open living and dining area, kitchen with premium fixtures, large windows, climate-controlled air conditioning, in-unit washer/dryer, entry gallery, and generous closet storage. The primary bedroom has a private bath and walk-in closet, while the second bedroom provides additional closet space.
Building amenities include a roof deck with Hudson River views, 24-hour doorman service, resident superintendent, full-time porter, fitness room, bike storage, and laundry room. A first-floor bridge connects the building’s two structures. The property is on a tree-lined block in Hamilton Heights near parks and the 1, A, C, B, and D subway lines. A 421-a tax abatement is in place through 2033.
Building amenities include a roof deck with Hudson River views, 24-hour doorman service, resident superintendent, full-time porter, fitness room, bike storage, and laundry room. A first-floor bridge connects the building’s two structures. The property is on a tree-lined block in Hamilton Heights near parks and the 1, A, C, B, and D subway lines. A 421-a tax abatement is in place through 2033.
Key Highlights
- 2‑bedroom, 2‑bathroom condominium residence
- 1,141 SF residence completed in 2006
- Roof deck with Hudson River views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,699
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,980
$714.0K
Cap Rate 7%
$509,986
$510.0K
Cap Rate 9%
$396,656
$396.7K
Market Conditions
NOI Build-Up for 1,141 SF
Gross rent
$68.3K $59.88/SF
− Vacancy
−$3.4K −$2.99/SF
EGI
$64.9K $56.89/SF
− OpEx
−$29.2K −$25.60/SF
NOI
$35.7K $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%
$713,980
Cap Rate 7%
$509,986
Cap Rate 9%
$396,656
Alternative Uses
Best Use
Apartment 5plus
$510.0K
$446.2K – $595.0K
NOI $35,699 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.84M
$2.49M – $3.31M
NOI $198,808 @ 7.0% cap · market cap 22.46%
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 - Two-bedroom condominium residence with Hudson River views, full-service amenities, and convenient access to multiple subway lines.
Where is this residential income property located?
The property is located at 603 W 148th Street 4A New York City, NY.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bathroom condominium residence; 1,141 SF residence completed in 2006; Roof deck with Hudson River views
