Park Avenue Multifamily
For Sale
Contact for pricing
1150 Park Avenue, New York, NY 10128
Multifamily property on Park Avenue, New York.
Property Size1,500 SF
Price / SF$733.33
Days on Market334
Property Features for 1150 Park Avenue
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Office
Site & Location
Neighborhood
York Ville
Listing Agency:
New York Medical Space
Listed By:
Richard Naughtin · License #0311
Source:
Crexi
Added: Nov 27, 2025
Changed: Oct 25
Last Checked: Oct 26 at 1:31PM
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 New York Medical Space
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located on Park Avenue in New York, this multifamily property is offered for sale. The property is listed for $1,795,000.
Key Highlights
- Year Built: 1940
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,832
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$936,640
$936.6K
Cap Rate 7%
$669,029
$669.0K
Cap Rate 9%
$520,356
$520.4K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$89.8K $59.88/SF
− Vacancy
−$4.7K −$3.11/SF
EGI
$85.1K $56.77/SF
− OpEx
−$38.3K −$25.54/SF
NOI
$46.8K $31.22/SF
Area
ZIP 10128
Vacancy
5.20%
Lease Rate
$59.88 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$936,640
Cap Rate 7%
$669,029
Cap Rate 9%
$520,356
Alternative Uses
Best Use
Apartment 5plus
$669.0K
$585.4K – $780.5K
NOI $46,832 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$933.2K – $1.24M
NOI $74,656 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
17,744
Businesses Nearby
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Business Placement
Demographics for 10128, NY
64,249
Population
35,940
Households
1.8
Avg Household Size
38
Median Age
77%
College-Educated
96%
High-School Grad
0.5 sq mi
ZIP Area
128,498
Density / Sq Mi
$148,705
Median Household Income
$103,078
Median Earnings
$2,648
Median Rent
$1,295,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property on Park Avenue, New York.
Where is this apartment building located?
The property is located at 1150 Park Avenue New York, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Year Built: 1940
