Renovated Residential Income
66 W 138th Street 2D, Manhattan, NY 10037
For Sale
$300,000
Pending
Fully renovated condominium with one bedroom, one bathroom, hardwood flooring, and in-unit laundry.
Property Size417 SF
Days on Market244
Property Features for 66 W 138th Street 2D
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
stainless steel appliances
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Matthew Pucker · License NY #10301208042
(917) 981-1107
Source:
Howardhannanyc
Added: Mar 11
Changed: Nov 8
Last Checked: Nov 8 at 11:36AM
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.
This 417-square-foot, one-bedroom, one-bathroom pre-war condominium is being offered after a full renovation. Interior features include high ceilings, hardwood flooring, open views, a king-size bedroom, stainless steel appliances, and laundry within the unit. The residence is intended for end use or investment, and the sponsor sale does not require an application.
The condominium conversion at 66 W 138th Street combines pre-war architectural character with updated residential finishes. The property is located on a quiet block in Central Harlem, with immediate access to the 2/3 train lines and nearby restaurants, bars, shops, and recreation. The building was constructed in 1900.
The condominium conversion at 66 W 138th Street combines pre-war architectural character with updated residential finishes. The property is located on a quiet block in Central Harlem, with immediate access to the 2/3 train lines and nearby restaurants, bars, shops, and recreation. The building was constructed in 1900.
Key Highlights
- 417‑square‑foot one‑bedroom, one‑bathroom condominium
- Fully renovated interior with hardwood floors and high ceilings
- Stainless steel appliances and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,047
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,940
$260.9K
Cap Rate 7%
$186,386
$186.4K
Cap Rate 9%
$144,967
$145.0K
Market Conditions
NOI Build-Up for 417 SF
Gross rent
$25.0K $59.88/SF
− Vacancy
−$1.2K −$2.99/SF
EGI
$23.7K $56.89/SF
− OpEx
−$10.7K −$25.60/SF
NOI
$13.0K $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%
$260,940
Cap Rate 7%
$186,386
Cap Rate 9%
$144,967
Alternative Uses
Best Use
Apartment 5plus
$186.4K
$163.1K – $217.5K
NOI $13,047 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$291.5K
$255.1K – $340.1K
NOI $20,407 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,405
Businesses Nearby
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Business Placement
Demographics for 10037, NY
19,670
Population
11,218
Households
1.8
Avg Household Size
39
Median Age
43%
College-Educated
86%
High-School Grad
0.2 sq mi
ZIP Area
98,350
Density / Sq Mi
$51,250
Median Household Income
$54,349
Median Earnings
$1,406
Median Rent
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Market
Average Price Trend$/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 - Fully renovated condominium with one bedroom, one bathroom, hardwood flooring, and in-unit laundry.
Where is this residential income property located?
The property is located at 66 W 138th Street 2D Manhattan, NY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 417‑square‑foot one‑bedroom, one‑bathroom condominium; Fully renovated interior with hardwood floors and high ceilings; Stainless steel appliances and in‑unit laundry
