Residential Condominium Unit with 24-Hour
For Sale
$845,000
100 Riverside Boulevard 7-T, New York City, NY 10069
Apartment at The Avery Condominium with in-unit washer/dryer, new floors, and east exposure with city views.
Property Size760 SF
Price / SF$1,111
Days on Market479
Property Features for 100 Riverside Boulevard 7-T
General Information
Standard status
Active
Size
760 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$18,804
Amenities
24-hour doorman
Concierge
State of the Art Fitness center
Media Lounge
Landscaped Courtyard
Party Room
Conference room
Billiards room
Children's Playroom
Cinema
on-site parking garage
complimentary shuttle
in-unit washer/dryer
Building Details
Building Size
760 SF
Year Built
2007
Listing Agency:
Nest Seekers LLC
Listed By:
Andy Kim
(212) 252-8772
Source:
Howardhannanyc
Added: Jun 10, 2025
Changed: Sep 30
Last Checked: Oct 1 at 5:27PM
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 Nest Seekers LLC
Investment Insights
Based on property information with market context.
Residence 7-T at The Avery Condominium features a layout designed to minimize wasted space. Inside, the home offers new floors, a gourmet pass-through kitchen with granite countertops, and Subzero and Miele appliances. The bathroom is finished in marble with both a shower and a bathtub, and the residence also includes generous closet space and an in-unit washer/dryer. With east exposure, the home also offers city views.
The Avery Condominium offers extensive building amenities, including a white-gloved 24-hour doorman, concierge service, and a state-of-the-art fitness center. Residents can also use the media lounge, landscaped courtyard, party room, conference room, billiards room, children’s playroom, and cinema, with an on-site parking garage. Pets are welcome, and a complimentary shuttle provides transportation to and from the subway.
The building is across the street from Riverside Park, with quick access to Waterline Square and nearby dining and retail. Public transportation access includes a shuttle bus to the closest express subway on 72nd Street for the 1, 2, and 3 trains, and the 72nd Street crosstown bus picks up one block away on Riverside Boulevard and 66th Street. Built in 2007, the property is positioned for convenient Upper West Side living.
The Avery Condominium offers extensive building amenities, including a white-gloved 24-hour doorman, concierge service, and a state-of-the-art fitness center. Residents can also use the media lounge, landscaped courtyard, party room, conference room, billiards room, children’s playroom, and cinema, with an on-site parking garage. Pets are welcome, and a complimentary shuttle provides transportation to and from the subway.
The building is across the street from Riverside Park, with quick access to Waterline Square and nearby dining and retail. Public transportation access includes a shuttle bus to the closest express subway on 72nd Street for the 1, 2, and 3 trains, and the 72nd Street crosstown bus picks up one block away on Riverside Boulevard and 66th Street. Built in 2007, the property is positioned for convenient Upper West Side living.
Key Highlights
- White‑gloved 24‑hour doorman and concierge at The Avery Condominium
- In‑unit washer/dryer plus generous closet space
- Gourmet pass‑through kitchen with granite countertops, Subzero and Miele appliances
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
$23,778
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
2.81%
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%
$475,560
$475.6K
Cap Rate 7%
$339,686
$339.7K
Cap Rate 9%
$264,200
$264.2K
Market Conditions
NOI Build-Up for 760 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
$45.5K $59.88/SF
− Vacancy
−$2.3K −$2.99/SF
EGI
$43.2K $56.89/SF
− OpEx
−$19.5K −$25.60/SF
NOI
$23.8K $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%
$475,560
Cap Rate 7%
$339,686
Cap Rate 9%
$264,200
Alternative Uses
Best Use
Apartment 5plus
$339.7K
$297.2K – $396.3K
NOI $23,778 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.89M
$1.66M – $2.21M
NOI $132,422 @ 7.0% cap · market cap 15.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Apartment at The Avery Condominium with in-unit washer/dryer, new floors, and east exposure with city views.
Where is this residential income property located?
The property is located at 100 Riverside Boulevard 7-T New York City, NY.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: White‑gloved 24‑hour doorman and concierge at The Avery Condominium; In‑unit washer/dryer plus generous closet space; Gourmet pass‑through kitchen with granite countertops, Subzero and Miele appliances
