Residential Income Property with
For Sale
$825,000
100 UNITED NATIONS Plaza 16D, New York City, NY 10017
South-facing one-bedroom apartment with skyline and river views, full-size appliances, central HVAC, and full-service condominium amenities.
Property Size745 SF
Price / SF$1,107
Days on Market140
Property Features for 100 UNITED NATIONS Plaza 16D
General Information
Standard status
Active
Size
745 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Amenities
private balcony
24-hour doorman
valet and concierge service
on-site management office
renovated lobby and residents' lounge
common laundry room
fitness center
parking garage
landscaped gardens and waterfalls
central heat and A/C
Building Details
Building Size
745 SF
Year Built
1986
Listing Agency:
Corcoran Group
(917) 656-8444
Listed By:
Michael J Weiss
(917) 656-8444
Source:
Miradorrealestate
Added: Apr 7
Changed: Aug 23
Last Checked: Aug 24 at 1:23PM
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
Investment Insights
Based on property information with market context.
This 16th-floor residential income property is a 745-square-foot, one-bedroom, one-bathroom apartment built in 1986. The south-facing layout includes a living and dining area opening to a private balcony, 9-foot ceilings, floor-to-ceiling windows, a galley kitchen with full-size Liebherr and GE appliances, a marble bathroom with a deep soaking tub, and extensive floor-to-ceiling closet storage. Central heat and air conditioning serve the residence.
The condominium at 100 United Nations Plaza in Manhattan’s Turtle Bay neighborhood provides 24-hour doorman, valet, and concierge service, along with on-site management, a renovated lobby, residents’ lounge, common laundry, and a renovated fitness center. Residents also have direct access to an attended 24-hour parking garage. The apartment’s elevated position provides views toward the Empire State Building, Chrysler Building, East River, and Long Island City.
The condominium at 100 United Nations Plaza in Manhattan’s Turtle Bay neighborhood provides 24-hour doorman, valet, and concierge service, along with on-site management, a renovated lobby, residents’ lounge, common laundry, and a renovated fitness center. Residents also have direct access to an attended 24-hour parking garage. The apartment’s elevated position provides views toward the Empire State Building, Chrysler Building, East River, and Long Island City.
Key Highlights
- 745‑square‑foot, 16th‑floor apartment with 1 bedroom and 1 bathroom
- Private balcony with south‑facing views toward the East River and Long Island City
- 9‑foot ceilings and south‑facing floor‑to‑ceiling windows
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
$23,309
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%
$466,180
$466.2K
Cap Rate 7%
$332,986
$333.0K
Cap Rate 9%
$258,989
$259.0K
Market Conditions
NOI Build-Up for 745 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
$44.6K $59.88/SF
− Vacancy
−$2.2K −$2.99/SF
EGI
$42.4K $56.89/SF
− OpEx
−$19.1K −$25.60/SF
NOI
$23.3K $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%
$466,180
Cap Rate 7%
$332,986
Cap Rate 9%
$258,989
Alternative Uses
Best Use
Apartment 5plus
$333.0K
$291.4K – $388.5K
NOI $23,309 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.85M
$1.62M – $2.16M
NOI $129,809 @ 7.0% cap · market cap 15.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
38,138
Businesses Nearby
Explore this area
Business Placement
Demographics for 10017, NY
17,401
Population
12,866
Households
1.4
Avg Household Size
38
Median Age
85%
College-Educated
97%
High-School Grad
0.3 sq mi
ZIP Area
58,003
Density / Sq Mi
$132,518
Median Household Income
$94,214
Median Earnings
$2,980
Median Rent
$808,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - South-facing one-bedroom apartment with skyline and river views, full-size appliances, central HVAC, and full-service condominium amenities.
Where is this residential income property located?
The property is located at 100 UNITED NATIONS Plaza 16D New York City, NY.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 745‑square‑foot, 16th‑floor apartment with 1 bedroom and 1 bathroom; Private balcony with south‑facing views toward the East River and Long Island City; 9‑foot ceilings and south‑facing floor‑to‑ceiling windows
