238 W 106th Street #5C
About This Property
This is a full market, no income restrictions HDFC coop with no underlying mortgage. Built in 1909, designed by George Frederick Pelham, the elegant 48-unit pre-war building has a very handy live in super who will also accept packages. Pets and Pieds-a-terre are allowed. Other features of this 6 story elevator building include a laundry room, bike room and storage, which transfers with the apartment for $10 a month. There is an assessment of $277.78 until 8/2020
The #1 train is 3 blocks away. #104, #5, #4 and #60 bus stops are all within four blocks. Riverside Park and Central Park are close by. Universities, colleges, private and public schools, restaurants, gourmet markets and music venues are integral parts of this vibrant Upper West Side neighborhood.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 26, 2023 | Sold | ||
| Sold | |||
| Jun 14, 2023 | In contract | - | |
| In contract | |||
| Mar 2, 2023 | Listed by Corcoran Group | $750,000 | |
| Listed by Corcoran Group | |||
| |||
|
DESIGNER HOME WITH INCREDIBLE VALUE Experience designer living with incredible value in this beautiful 2-bedroom UWS home. The thoughtfully designed interior incorporates bold colors and patterns to create a cheerful atmosphere for both relaxation and entertainment. With pre-war charm, an open floorplan, split bedrooms, hardwood floors, and recessed lighting, apartment 5C offers a great value with low maintenance.The living room is spacious and bright with an exposed brick walls and an oversized window with southern exposure. The windowed, open kitchen boasts stainless steel appliances, granite countertops, dishwasher, and ample storage. The bathroom features a fabulous cast iron claw foot tub. Built in 1909 by George Frederick Pelham, 238 West 106th Street is a six-story, elevator building with live-in super, storage, bike room, and common laundry. The elegant lobby features original wrought iron doors and marble walls. The building is conveniently located near transportation (1/2/3/B/C), Central and Riverside Parks, great restaurants and supermarket options.Pets, pied-a-terres and subletting are permitted. Don't miss out on this incredible opportunity to own a designer home with unbeatable value.238 West 106th Street is an HDFC designated cooperative with no income restrictions.
| |||
| Jul 22, 2020 | Sold | ||
| Sold | |||
| Dec 21, 2019 | No longer available | - | |
| No longer available | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/02/2023
|
2 Bed
|
1 Bath
|
-
|
$795,000
2 Bed
1 Bath
|
$750,000
-5.66%
09/26/2023
|
Fainna Kagan
Corcoran Group
| |
|
12/16/2022
| |
Loft
|
1 Bath
|
-
|
$625,000
Loft
1 Bath
|
-
-
|
Mable Ivory
Engel & Volkers New York Real Estate LLC
|
|
12/16/2022
|
1 Bed
|
1 Bath
|
-
|
$625,000
1 Bed
1 Bath
|
$540,000
-13.60%
09/28/2023
|
Mable Ivory
Engel & Volkers New York Real Estate LLC
| |
|
10/03/2022
|
2 Bed
|
1 Bath
|
-
|
$700,000
2 Bed
1 Bath
|
$540,000
-22.86%
09/14/2023
|
Erin Wheelock
KWNYC Midtown
| |
|
05/06/2022
|
3 Bed
|
2 Bath
|
-
|
$1,195,000
3 Bed
2 Bath
|
$1,195,000
12/13/2022
|
Joseph Chaplin
Prudential Douglas Elliman Real Estate
| |
|
03/12/2021
|
2 Bed
|
1 Bath
|
-
|
$650,000
2 Bed
1 Bath
|
$650,000
07/31/2021
|
Scott Harris
Brown Harris Stevens
| |
|
06/18/2020
|
4 Bed
|
2 Bath
|
-
|
$1,850,000
4 Bed
2 Bath
|
$1,850,000
03/26/2021
|
John McGuinness
Compass
| |
|
08/12/2019
|
2 Bed
|
1 Bath
|
-
|
$699,000
2 Bed
1 Bath
|
$699,000
07/23/2020
|
Ellen Saland
Compass
| |
|
05/26/2017
|
2 Bed
|
1 Bath
|
630 ft²
|
$661,500
2 Bed
1 Bath
630 ft²
|
$661,500
02/05/2021
|
Myrna Rosen
City Connections Realty Inc
| |
|
01/31/2017
|
3 Bed
|
2 Bath
|
-
|
$1,275,000
3 Bed
2 Bath
|
$915,000
-28.24%
03/13/2018
|
Maurizio Trois
Prudential Douglas Elliman Real Estate
| |
|
10/27/2016
|
2 Bed
|
1 Bath
|
-
|
$615,000
2 Bed
1 Bath
|
$615,000
06/06/2017
|
Rachel Field
The Corcoran Group
| |
|
04/28/2016
|
2 Bed
|
2 Bath
|
-
|
$1,295,000
2 Bed
2 Bath
|
$1,295,000
02/05/2021
|
Caroline L. Brown
Brown Harris Stevens
| |
|
07/02/2014
|
3 Bed
|
1.5 Bath
|
-
|
$1,200,000
3 Bed
1.5 Bath
|
$1,200,000
02/05/2021
|
Tony Oakley
Compass
| |
|
01/29/2010
|
4 Bed
|
-
|
-
|
$975,000
4 Bed
-
|
$975,000
01/21/2015
|
Martin Krasnoff
RAND REALTY NY // CONDOS NY, LLC
|
Building Info
About Upper Manhattan
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Phone: 425-283-2930
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