Residential Income Property with
For Sale
$899,000
100 RIVERSIDE Boulevard 5B, New York City, NY 10069
Condominium residence with upgraded finishes, private laundry, extensive shared amenities, and full-service building operations.
Property Size814 SF
Price / SF$1,104
Days on Market79
Property Features for 100 RIVERSIDE Boulevard 5B
General Information
Standard status
Active
Size
814 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$17,148
Amenities
private garden
fitness center
elegant lounges
media room
billiards lounge
executive conference room
private entertaining suite
screening room
extra laundry facility
24-hour doorman
concierge service
resident manager
on-site garage
Building Details
Building Size
814 SF
Year Built
2007
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Jeffrey N Goodman
(212) 381-2280
Source:
Carlinwright
Added: Jul 8
Changed: Sep 23
Last Checked: Sep 24 at 4:46PM
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 Brown Harris Stevens Residential Sales LLC
Investment Insights
Based on property information with market context.
Residence 5B is an 814-square-foot condominium in a building completed in 2007. The home includes separate living and dining areas, a bedroom, a bathroom with a soaking tub and glass-enclosed shower, and an entry foyer with an oversized coat closet. Eastern exposure and large windows provide natural light. Interior features include through-wall air conditioning, ceiling fans, electric window treatments, granite kitchen counters, stainless steel appliances, and an in-residence washer and vented dryer. The kitchen is equipped with a Sub-Zero refrigerator, Miele range, and Miele dishwasher.
Building amenities include a landscaped private garden, fitness center, lounges, media and billiards rooms, conference space, entertaining suite with pantry, screening room, additional laundry facilities, on-site garage, 24-hour doorman, concierge, and resident manager. Pets are welcome, while co-purchasing and gifting are permitted. The residence is near Riverside Park, the Hudson River waterfront, and Lincoln Center.
Building amenities include a landscaped private garden, fitness center, lounges, media and billiards rooms, conference space, entertaining suite with pantry, screening room, additional laundry facilities, on-site garage, 24-hour doorman, concierge, and resident manager. Pets are welcome, while co-purchasing and gifting are permitted. The residence is near Riverside Park, the Hudson River waterfront, and Lincoln Center.
Key Highlights
- 814‑square‑foot condominium residence in a 2007 building
- Eastern exposure with large windows and electric window treatments
- Kitchen with granite counters, Sub‑Zero refrigerator, Miele range, and Miele dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,468
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$509,360
$509.4K
Cap Rate 7%
$363,829
$363.8K
Cap Rate 9%
$282,978
$283.0K
Market Conditions
NOI Build-Up for 814 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.7K $59.88/SF
− Vacancy
−$2.4K −$2.99/SF
EGI
$46.3K $56.89/SF
− OpEx
−$20.8K −$25.60/SF
NOI
$25.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$509,360
Cap Rate 7%
$363,829
Cap Rate 9%
$282,978
Alternative Uses
Best Use
Apartment 5plus
$363.8K
$318.4K – $424.5K
NOI $25,468 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.03M
$1.77M – $2.36M
NOI $141,831 @ 7.0% cap · market cap 15.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
12,392
Businesses Nearby
Explore this area
Business Placement
Demographics for 10069, NY
6,671
Population
3,647
Households
1.8
Avg Household Size
38
Median Age
91%
College-Educated
100%
High-School Grad
$226,151
Median Household Income
$207,924
Median Earnings
$3,501
Median Rent
$2,000,001
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with upgraded finishes, private laundry, extensive shared amenities, and full-service building operations.
Where is this residential income property located?
The property is located at 100 RIVERSIDE Boulevard 5B New York City, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 814‑square‑foot condominium residence in a 2007 building; Eastern exposure with large windows and electric window treatments; Kitchen with granite counters, Sub‑Zero refrigerator, Miele range, and Miele dishwasher
