Three-Bedroom Residential Income
For Sale
$685,000
69 Tiemann Place 2, New York City, NY 10027
The sponsor-sale apartment can be purchased without board approval.
Property Size1,148 SF
Price / SF$596.69
Days on Market28
Property Features for 69 Tiemann Place 2
General Information
Standard status
Active
Size
1,148 SF
Elevators
Yes
Property subtype
Apartment
Units
Unit Mix
1 x 3BR
Multifamily Units
1
Additional Details
HOA Fee
$1,777
Public Transit
Yes
Amenities
laundry room
Building Details
Building Size
1,148 SF
Year Built
1925
Listing Agency:
Manhattan Realty Group
Listed By:
Adam Dyminski
(646) 477-1228
Source:
Miradorrealestate
Added: Oct 8
Changed: Nov 4
Last Checked: Nov 3 at 11:58AM
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 Manhattan Realty Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,148-square-foot sponsor apartment has three bedrooms, a separate kitchen, and hardwood floors. The building, completed in 1925, provides elevator service and a shared laundry room. The sale does not require board approval.
The property is near Columbia University, Riverside Park, and Morningside Park. Cafés, grocery stores, and restaurants are in the surrounding area, with multiple subway lines accessible nearby.
The property is near Columbia University, Riverside Park, and Morningside Park. Cafés, grocery stores, and restaurants are in the surrounding area, with multiple subway lines accessible nearby.
Key Highlights
- Three‑bedroom sponsor apartment offered without board approval
- 1,148 square feet
- Separate kitchen and hardwood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,918
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,360
$718.4K
Cap Rate 7%
$513,114
$513.1K
Cap Rate 9%
$399,089
$399.1K
Market Conditions
NOI Build-Up for 1,148 SF
Gross rent
$68.7K $59.88/SF
− Vacancy
−$3.4K −$2.99/SF
EGI
$65.3K $56.89/SF
− OpEx
−$29.4K −$25.60/SF
NOI
$35.9K $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%
$718,360
Cap Rate 7%
$513,114
Cap Rate 9%
$399,089
Alternative Uses
Best Use
Apartment 5plus
$513.1K
$449.0K – $598.6K
NOI $35,918 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.86M
$2.50M – $3.33M
NOI $200,028 @ 7.0% cap · market cap 29.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,308
Businesses Nearby
Explore this area
Business Placement
Demographics for 10027, NY
64,037
Population
28,038
Households
2.3
Avg Household Size
32
Median Age
52%
College-Educated
87%
High-School Grad
0.9 sq mi
ZIP Area
71,152
Density / Sq Mi
$64,220
Median Household Income
$44,231
Median Earnings
$1,609
Median Rent
$915,000
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - The sponsor-sale apartment can be purchased without board approval.
Where is this residential income property located?
The property is located at 69 Tiemann Place 2 New York City, NY.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Three‑bedroom sponsor apartment offered without board approval; 1,148 square feet; Separate kitchen and hardwood floors
