Renovated One-Bedroom Income
687 W 204TH Street 1A, Manhattan, NY 10034
For Sale
$350,000
Updated one-bedroom residence in a 1935 Art Deco cooperative with elevator, laundry, and resident superintendent.
Property Size752 SF
Price / SF$465.43
Days on Market133
Property Features for 687 W 204TH Street 1A
General Information
Standard status
Size
Elevators
Property subtype
Additional Details
Public Transit
Multifamily Units
Amenities
laundry room
storage cages
bike storage
Building Details
Building Size
Year Built
Construction
Listing Agency:
Corcoran Group
Listed By:
Sabrina J Seidner · License NY #10301208627
(917) 805-9475
Source:
Carlinwright
Added: Jun 30
Changed: Nov 2
Last Checked: Nov 8 at 4:20PM
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 Corcoran Group
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Investment Insights
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This renovated one-bedroom residence occupies a 1935 Art Deco cooperative building in Inwood. The home includes refinished herringbone floors, nine-foot ceilings, arched hallways, updated lighting and electrical components, and a windowed kitchen with custom navy cabinetry, GE appliances, a full-sized Danby refrigerator, marble-patterned counters, and a stainless-steel sink. The windowed bathroom features basketweave tile, a deep soaking tub, and a new vanity, mirror, and lighting. The king-sized bedroom offers two deep closets, while the living room measures nearly 20 feet long and more than 13.5 feet wide.
Building amenities include a restored Art Deco lobby, elevator, resident superintendent, basement laundry room, bike storage, and storage cages subject to a waitlist. The cooperative is pet friendly and sits near Inwood Hill Park. Transit options include the A and 1 trains and BXM1 express bus service. The property contains 752 SF and is located at 687 W 204TH Street 1A, New York City, NY 10034.
Building amenities include a restored Art Deco lobby, elevator, resident superintendent, basement laundry room, bike storage, and storage cages subject to a waitlist. The cooperative is pet friendly and sits near Inwood Hill Park. Transit options include the A and 1 trains and BXM1 express bus service. The property contains 752 SF and is located at 687 W 204TH Street 1A, New York City, NY 10034.
Key Highlights
- Renovated one‑bedroom residence with 752 SF of interior space
- 1935 Art Deco cooperative building with restored lobby and elevator
- Windowed kitchen with custom cabinetry, GE appliances, and Danby refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,528
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$470,560
$470.6K
Cap Rate 7%
$336,114
$336.1K
Cap Rate 9%
$261,422
$261.4K
Market Conditions
NOI Build-Up for 752 SF
Gross rent
$45.0K $59.88/SF
− Vacancy
−$2.3K −$2.99/SF
EGI
$42.8K $56.89/SF
− OpEx
−$19.3K −$25.60/SF
NOI
$23.5K $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%
$470,560
Cap Rate 7%
$336,114
Cap Rate 9%
$261,422
Alternative Uses
Best Use
Apartment 5plus
$336.1K
$294.1K – $392.1K
NOI $23,528 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$525.7K
$460.0K – $613.4K
NOI $36,802 @ 7.0% cap · market cap 10.51%
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
3,189
Businesses Nearby
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Business Placement
Demographics for 10034, NY
36,778
Population
16,599
Households
2.2
Avg Household Size
39
Median Age
39%
College-Educated
80%
High-School Grad
1.0 sq mi
ZIP Area
36,778
Density / Sq Mi
$69,786
Median Household Income
$47,553
Median Earnings
$1,621
Median Rent
$518,000
Median Home Value
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Market
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated one-bedroom residence in a 1935 Art Deco cooperative with elevator, laundry, and resident superintendent.
Where is this residential income property located?
The property is located at 687 W 204TH Street 1A Manhattan, NY.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Renovated one‑bedroom residence with 752 SF of interior space; 1935 Art Deco cooperative building with restored lobby and elevator; Windowed kitchen with custom cabinetry, GE appliances, and Danby refrigerator
