Residential Income Property with
1 E END Avenue PHC, Manhattan, NY 10075
For Sale
$4,495,000
Pending
A triplex penthouse pairs river-facing rooms with two landscaped wraparound terraces.
Property Size6,030 SF
Days on Market901
Property Features for 1 E END Avenue PHC
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
Olshan Realty Inc
Listed By:
Donna Olshan
(212) 751-3300
Source:
Irynaferenets
Added: May 23, 2024
Changed: Nov 1
Last Checked: Nov 9 at 8:56AM
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 Olshan Realty Inc
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Investment Insights
Based on property information with market context.
This 6,030-square-foot triplex penthouse occupies a 1929 building and has 14 rooms, including six bedrooms, a formal dining room, library, den, office, breakfast room, and two kitchens. Two fireplaces, four bathrooms, and two powder rooms are also part of the residence. The primary suite includes a dressing room.
Two landscaped wraparound terraces provide more than an estimated 2,500 square feet of outdoor space. The rooms and terraces overlook the East River, and the residence has 10-foot ceilings.
Two landscaped wraparound terraces provide more than an estimated 2,500 square feet of outdoor space. The rooms and terraces overlook the East River, and the residence has 10-foot ceilings.
Key Highlights
- 6,030‑square‑foot triplex penthouse in a 1929 building
- 14 rooms, including 6 bedrooms, a formal dining room, library, den, office, breakfast room, and 2 kitchens
- Two landscaped wraparound terraces totaling an estimated 2,500+ square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$188,662
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,773,240
$3.8M
Cap Rate 7%
$2,695,171
$2.7M
Cap Rate 9%
$2,096,244
$2.1M
Market Conditions
NOI Build-Up for 6,030 SF
Gross rent
$361.1K $59.88/SF
− Vacancy
−$18.1K −$2.99/SF
EGI
$343.0K $56.89/SF
− OpEx
−$154.4K −$25.60/SF
NOI
$188.7K $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%
$3,773,240
Cap Rate 7%
$2,695,171
Cap Rate 9%
$2,096,244
Alternative Uses
Best Use
Apartment 5plus
$2.70M
$2.36M – $3.14M
NOI $188,662 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.22M
$3.69M – $4.92M
NOI $295,099 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
25,207
Businesses Nearby
Explore this area
Business Placement
Demographics for 10075, NY
27,796
Population
16,415
Households
1.7
Avg Household Size
41
Median Age
85%
College-Educated
98%
High-School Grad
0.2 sq mi
ZIP Area
138,980
Density / Sq Mi
$146,556
Median Household Income
$112,549
Median Earnings
$2,390
Median Rent
$1,097,800
Median Home Value
Market
Average Price Trend$/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 - A triplex penthouse pairs river-facing rooms with two landscaped wraparound terraces.
Where is this residential income property located?
The property is located at 1 E END Avenue PHC Manhattan, NY.
What is the asking price?
The asking price for this property is $4,495,000.
What are key features of this property?
This property features: 6,030‑square‑foot triplex penthouse in a 1929 building; 14 rooms, including 6 bedrooms, a formal dining room, library, den, office, breakfast room, and 2 kitchens; Two landscaped wraparound terraces totaling an estimated 2,500+ square feet
