Renovated One-Bedroom Income
66 W 138th Street 3B, Manhattan, NY 10037
For Sale
$375,000
Pre-war condominium residence with high ceilings, hardwood floors, stainless steel appliances, and in-unit laundry.
Property Size508 SF
Price / SF$738.19
Days on Market106
Property Features for 66 W 138th Street 3B
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Matthew Pucker · License NY #10301208042
(917) 981-1107
Source:
Carlinwright
Added: Jul 27
Changed: Nov 7
Last Checked: Nov 8 at 11:42AM
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 508-square-foot, one-bedroom, one-bath condominium is housed in a pre-war building constructed in 1900. The residence has been recently renovated with hardwood flooring, high ceilings, open views, stainless steel appliances, and in-unit laundry. Its layout includes a king-size bedroom and contemporary finishes within a converted boutique condominium building.
The property is located at 66 W 138th Street in Central Harlem, on a quiet block with immediate access to the 2/3 train lines. Recreation, restaurants, bars, and shops are also identified in the surrounding area. This sponsor sale does not require an application and is presented as a move-in-ready option for end-users or investors.
The property is located at 66 W 138th Street in Central Harlem, on a quiet block with immediate access to the 2/3 train lines. Recreation, restaurants, bars, and shops are also identified in the surrounding area. This sponsor sale does not require an application and is presented as a move-in-ready option for end-users or investors.
Key Highlights
- 508 SF one‑bedroom, one‑bath condominium
- Recently renovated interior with hardwood floors and high ceilings
- Stainless steel appliances and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,894
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,880
$317.9K
Cap Rate 7%
$227,057
$227.1K
Cap Rate 9%
$176,600
$176.6K
Market Conditions
NOI Build-Up for 508 SF
Gross rent
$30.4K $59.88/SF
− Vacancy
−$1.5K −$2.99/SF
EGI
$28.9K $56.89/SF
− OpEx
−$13.0K −$25.60/SF
NOI
$15.9K $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%
$317,880
Cap Rate 7%
$227,057
Cap Rate 9%
$176,600
Alternative Uses
Best Use
Apartment 5plus
$227.1K
$198.7K – $264.9K
NOI $15,894 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$355.2K
$310.8K – $414.4K
NOI $24,861 @ 7.0% cap · market cap 6.63%
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
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 - Pre-war condominium residence with high ceilings, hardwood floors, stainless steel appliances, and in-unit laundry.
Where is this residential income property located?
The property is located at 66 W 138th Street 3B Manhattan, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 508 SF one‑bedroom, one‑bath condominium; Recently renovated interior with hardwood floors and high ceilings; Stainless steel appliances and in‑unit laundry
