Apartment Building in New
For Sale
$599,000
Pending
185 PARK Row 3F, New York, NY 10038
Apartment building for sale in New York, NY.
Property Size780 SF
Days on Market316
Property Features for 185 PARK Row 3F
General Information
Standard status
Pending
Size
780 SF
Property subtype
Residential
Building Details
Building Size
780 SF
Year Built
1962
Listing Agency:
Sousa Real Estate Inc
Listed By:
John C Sousa
(917) 443-4347
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 30
Last Checked: Oct 7 at 2:10PM
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 Sousa Real Estate Inc
Investment Insights
Based on property information with market context.
An apartment building is available for purchase. The property is located in New York, NY. The list price is $599,000.
Key Highlights
- Year Built: 1962
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,404
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$488,080
$488.1K
Cap Rate 7%
$348,629
$348.6K
Cap Rate 9%
$271,156
$271.2K
Market Conditions
NOI Build-Up for 780 SF
Gross rent
$46.7K $59.88/SF
− Vacancy
−$2.3K −$2.99/SF
EGI
$44.4K $56.89/SF
− OpEx
−$20.0K −$25.60/SF
NOI
$24.4K $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%
$488,080
Cap Rate 7%
$348,629
Cap Rate 9%
$271,156
Alternative Uses
Best Use
Apartment 5plus
$348.6K
$305.1K – $406.7K
NOI $24,404 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.94M
$1.70M – $2.27M
NOI $135,907 @ 7.0% cap · market cap 22.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
34,786
Businesses Nearby
Explore this area
Business Placement
Demographics for 10038, NY
25,332
Population
12,624
Households
2
Avg Household Size
33
Median Age
62%
College-Educated
83%
High-School Grad
0.3 sq mi
ZIP Area
84,440
Density / Sq Mi
$115,121
Median Household Income
$87,698
Median Earnings
$3,140
Median Rent
$865,700
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building for sale in New York, NY.
Where is this apartment building located?
The property is located at 185 PARK Row 3F New York, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Year Built: 1962
