Full-Floor Loft
For Sale
$2,500,000
68 11TH ST, New York, NY 10011
Two-bedroom, one-bath full-floor loft with 11-foot ceilings, exposed brick, a wood-burning fireplace, and in-unit washer/dryer.
Property Size4,400 SF
Price / SF$568.18
Days on Market351
Property Features for 68 11TH ST
General Information
Standard status
Active
Size
4,400 SF
Property subtype
Apartment
Additional Details
Clear Height
11 ft
Amenities
washer/dryer
storage
ButterflyMX video intercom system
Hardwood
Dishwasher
Elevator, Unfurnished
3
22.0 x 94.75
Building Details
Year Built
1853
Listing Agency:
Keller Williams NYC
(212) 301-1140
Listed By:
Nicole Gary · License #3525432
(212) 301-1140
Source:
Xome
Added: Aug 26, 2025
Changed: Aug 8
Last Checked: Aug 10 at 3:02AM
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 Keller Williams NYC
Investment Insights
Based on property information with market context.
This full-floor, two-bedroom, one-bath loft is set just two flights up and combines historic character with modern finishes. Inside, you’ll find a dramatic living room with exposed brick, soaring 11-foot ceilings, and oversized picture windows fitted with wood plantation shutters. A wood-burning fireplace anchors the space, complemented by custom built-in bookshelves. The open chef’s kitchen includes stainless steel appliances and generous counter space. The layout offers two spacious bedrooms, a full bathroom, and substantial storage, including a dressing room/closet in the primary suite and additional storage above. Modern conveniences include an in-home washer/dryer and a recently installed ButterflyMX video intercom system.
Located on West 11th Street between Fifth and Sixth Avenues in the West Village, the home sits among tree-lined streets and is close to sought-after dining, shopping, and transportation.
The residence is described as exceptionally low-maintenance with original loft details throughout.
Located on West 11th Street between Fifth and Sixth Avenues in the West Village, the home sits among tree-lined streets and is close to sought-after dining, shopping, and transportation.
The residence is described as exceptionally low-maintenance with original loft details throughout.
Key Highlights
- Two‑bedroom, one‑bath full‑floor loft with 11‑foot ceilings and exposed brick
- Living room features oversized picture windows with wood plantation shutters
- Wood‑burning fireplace with custom built‑in bookshelves
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
$137,664
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
5.51%
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%
$2,753,280
$2.8M
Cap Rate 7%
$1,966,629
$2.0M
Cap Rate 9%
$1,529,600
$1.5M
Market Conditions
NOI Build-Up for 4,400 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
$263.5K $59.88/SF
− Vacancy
−$13.2K −$2.99/SF
EGI
$250.3K $56.89/SF
− OpEx
−$112.6K −$25.60/SF
NOI
$137.7K $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 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%
$2,753,280
Cap Rate 7%
$1,966,629
Cap Rate 9%
$1,529,600
Alternative Uses
Best Use
Apartment 5plus
$1.97M
$1.72M – $2.29M
NOI $137,664 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$10.95M
$9.58M – $12.78M
NOI $766,656 @ 7.0% cap · market cap 30.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
11 ft
Clear height
Location Intelligence
Trade Area within ½ mile
8,028
Businesses Nearby
Explore this area
Business Placement
Demographics for 10011, NY
53,318
Population
35,049
Households
1.5
Avg Household Size
39
Median Age
79%
College-Educated
96%
High-School Grad
0.6 sq mi
ZIP Area
88,863
Density / Sq Mi
$146,571
Median Household Income
$113,503
Median Earnings
$2,868
Median Rent
$1,165,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom, one-bath full-floor loft with 11-foot ceilings, exposed brick, a wood-burning fireplace, and in-unit washer/dryer.
Where is this residential income property located?
The property is located at 68 11TH ST New York, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath full‑floor loft with 11‑foot ceilings and exposed brick; Living room features oversized picture windows with wood plantation shutters; Wood‑burning fireplace with custom built‑in bookshelves
