Residential Income Property For
For Sale
$2,099,000
1200 BROADWAY 7B, New York, NY 10001
Residential income property available for purchase in New York.
Property Size2,170 SF
Days on Market318
Property Features for 1200 BROADWAY 7B
General Information
Standard status
Active
Size
2,170 SF
Property subtype
Residential
Building Details
Building Size
2,170 SF
Year Built
1871
Units
40
Listing Agency:
Corcoran Group
Listed By:
Jesse L Schrager
(646) 812-1175
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 6
Last Checked: Oct 9 at 10:19PM
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.
A residential income property is available for sale. The list price is $2,600,000.
Key Highlights
- Year Built: 1871
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,893
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,357,860
$1.4M
Cap Rate 7%
$969,900
$969.9K
Cap Rate 9%
$754,367
$754.4K
Market Conditions
NOI Build-Up for 2,170 SF
Gross rent
$129.9K $59.88/SF
− Vacancy
−$6.5K −$2.99/SF
EGI
$123.4K $56.89/SF
− OpEx
−$55.5K −$25.60/SF
NOI
$67.9K $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%
$1,357,860
Cap Rate 7%
$969,900
Cap Rate 9%
$754,367
Alternative Uses
Best Use
Apartment 5plus
$969.9K
$848.7K – $1.13M
NOI $67,893 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.40M
$4.73M – $6.30M
NOI $378,101 @ 7.0% cap · market cap 18.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
57,593
Businesses Nearby
Explore this area
Business Placement
Demographics for 10001, NY
32,612
Population
17,554
Households
1.9
Avg Household Size
35
Median Age
72%
College-Educated
93%
High-School Grad
0.6 sq mi
ZIP Area
54,353
Density / Sq Mi
$123,393
Median Household Income
$97,848
Median Earnings
$3,024
Median Rent
$793,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Residential income property available for purchase in New York.
Where is this apartment building located?
The property is located at 1200 BROADWAY 7B New York, NY.
What is the asking price?
The asking price for this property is $2,099,000.
What are key features of this property?
This property features: Year Built: 1871
