Renovated Residential Income
69 Bennett Avenue 306, New York City, NY 10033
For Sale
$625,000
Pending
Renovated condominium residence with three bedrooms, hardwood floors, and updated kitchen and bath finishes.
Property Size939 SF
Days on Market98
Property Features for 69 Bennett Avenue 306
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
live-in superintendent
central laundry
on-site parking
Building Details
Building Size
Year Built
Listing Agency:
Compass
Listed By:
Brett Walsdorf · License NY #10301217899
(917) 742-3335
Source:
Miradorrealestate
Added: Aug 4
Changed: Nov 4
Last Checked: Nov 8 at 12:53PM
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 306 is a renovated condominium home spanning approximately 939 square feet with a three-bedroom configuration. The layout includes a living area, updated bathroom, and kitchen finished with quartz countertops, stainless steel appliances, extensive cabinetry, and recessed lighting. Oak hardwood flooring extends throughout the residence, while upgraded electrical systems complete the improvements.
The building at 69 Bennett Avenue was constructed in 1954 and includes a live-in superintendent and central laundry. On-site parking is available through a waitlist for an additional fee. The property is in Hudson Heights, near Fort Tryon Park, the Cloisters, local cafes and restaurants, and the A and 1 train lines.
The building at 69 Bennett Avenue was constructed in 1954 and includes a live-in superintendent and central laundry. On-site parking is available through a waitlist for an additional fee. The property is in Hudson Heights, near Fort Tryon Park, the Cloisters, local cafes and restaurants, and the A and 1 train lines.
Key Highlights
- Approximately 939 square feet with a three‑bedroom configuration
- Renovated kitchen with quartz countertops, stainless steel appliances, cabinetry, and recessed lighting
- Oak hardwood floors throughout the residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,379
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,580
$587.6K
Cap Rate 7%
$419,700
$419.7K
Cap Rate 9%
$326,433
$326.4K
Market Conditions
NOI Build-Up for 939 SF
Gross rent
$56.2K $59.88/SF
− Vacancy
−$2.8K −$2.99/SF
EGI
$53.4K $56.89/SF
− OpEx
−$24.0K −$25.60/SF
NOI
$29.4K $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%
$587,580
Cap Rate 7%
$419,700
Cap Rate 9%
$326,433
Alternative Uses
Best Use
Apartment 5plus
$419.7K
$367.2K – $489.7K
NOI $29,379 @ 7.0% cap · market cap 4.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$656.5K
$574.4K – $765.9K
NOI $45,953 @ 7.0% cap · market cap 7.35%
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
4,934
Businesses Nearby
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Business Placement
Demographics for 10033, NY
50,085
Population
21,338
Households
2.3
Avg Household Size
39
Median Age
41%
College-Educated
77%
High-School Grad
0.6 sq mi
ZIP Area
83,475
Density / Sq Mi
$75,585
Median Household Income
$41,655
Median Earnings
$1,742
Median Rent
$709,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in New York City, NY
Properties on Market for Residential income properties in New York City
Frequently Asked Questions
What type of property is this?
Residential income property - Renovated condominium residence with three bedrooms, hardwood floors, and updated kitchen and bath finishes.
Where is this residential income property located?
The property is located at 69 Bennett Avenue 306 New York City, NY.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Approximately 939 square feet with a three‑bedroom configuration; Renovated kitchen with quartz countertops, stainless steel appliances, cabinetry, and recessed lighting; Oak hardwood floors throughout the residence
