Residential Income Studio Loft with High
80 LA SALLE Street 2E, Manhattan, NY 10027
For Sale
$299,000
Pending
Bright studio loft in Morningside Gardens co-op with high ceilings, a modern renovated bathroom, and a window-lined kitchen.
Property Size525 SF
Days on Market294
Property Features for 80 LA SALLE Street 2E
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Corcoran Group
Listed By:
Eliety Lopes
(212) 470-8891
Source:
Howardhannanyc
Added: Jan 20
Changed: Nov 7
Last Checked: Nov 8 at 12:41PM
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
Based on property information with market context.
Bright studio loft in the Morningside Gardens cooperative community with southeast exposure and high ceilings. The layout is described as functioning like a one-bedroom, with room for a preferred bed size, a cozy couch, and a dedicated study area with southern views. The expansive living space includes an extra-large 2-panel window with south or east views.
The kitchen is highlighted as window-lined and equipped with a Bertazzoni freestanding bottom-freezer refrigerator and gas range. The refrigerator features Total No-Frost technology and dual air cooling, with stainless steel and tempered glass shelving. Additional prep and storage include a John Boos stainless steel worktable with sink and mounted shelves. A modern renovated bathroom completes the home. The unit size is 525 SF and the building was built in 1956.
Morningside Gardens is an eight-acre cooperative community with amenities including a state-of-the-art fitness center, walking paths and manicured gardens, lawns and a playground, playroom and recreational rooms, and a secure onsite parking garage plus additional storage closets (waitlist). The co-op also offers discounted electricity rates through a community bulk purchasing program. The property is described as in the heart of Morningside Heights with steps to Columbia University, Barnard College, and the Manhattan School of Music, and easy access to the 1 train and A, B, C, D subway lines, plus the M60 Bus to LaGuardia Airport.
The kitchen is highlighted as window-lined and equipped with a Bertazzoni freestanding bottom-freezer refrigerator and gas range. The refrigerator features Total No-Frost technology and dual air cooling, with stainless steel and tempered glass shelving. Additional prep and storage include a John Boos stainless steel worktable with sink and mounted shelves. A modern renovated bathroom completes the home. The unit size is 525 SF and the building was built in 1956.
Morningside Gardens is an eight-acre cooperative community with amenities including a state-of-the-art fitness center, walking paths and manicured gardens, lawns and a playground, playroom and recreational rooms, and a secure onsite parking garage plus additional storage closets (waitlist). The co-op also offers discounted electricity rates through a community bulk purchasing program. The property is described as in the heart of Morningside Heights with steps to Columbia University, Barnard College, and the Manhattan School of Music, and easy access to the 1 train and A, B, C, D subway lines, plus the M60 Bus to LaGuardia Airport.
Key Highlights
- 525 SF studio loft in Morningside Gardens cooperative with southeast exposure
- High ceilings and an extra‑large 2‑panel window with south or east views
- Window‑lined kitchen with Bertazzoni gas range plus Total No‑Frost bottom‑freezer refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,426
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$328,520
$328.5K
Cap Rate 7%
$234,657
$234.7K
Cap Rate 9%
$182,511
$182.5K
Market Conditions
NOI Build-Up for 525 SF
Gross rent
$31.4K $59.88/SF
− Vacancy
−$1.6K −$2.99/SF
EGI
$29.9K $56.89/SF
− OpEx
−$13.4K −$25.60/SF
NOI
$16.4K $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%
$328,520
Cap Rate 7%
$234,657
Cap Rate 9%
$182,511
Alternative Uses
Best Use
Apartment 5plus
$234.7K
$205.3K – $273.8K
NOI $16,426 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$367.0K
$321.2K – $428.2K
NOI $25,693 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
7,045
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
$915,000
Median Home Value
Market
Average Price Trend$/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 - Bright studio loft in Morningside Gardens co-op with high ceilings, a modern renovated bathroom, and a window-lined kitchen.
Where is this residential income property located?
The property is located at 80 LA SALLE Street 2E Manhattan, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 525 SF studio loft in Morningside Gardens cooperative with southeast exposure; High ceilings and an extra‑large 2‑panel window with south or east views; Window‑lined kitchen with Bertazzoni gas range plus Total No‑Frost bottom‑freezer refrigerator
