Building Details

Building Size 7,764 SF

Year Built 1891

Listed By: Morgan Garofalo Show Phone

Source: Elliman

Added: Nov 27, 2025 Changed: Oct 8 Last Checked: Oct 7 at 2:13PM

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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 Morgan Garofalo

Investment Insights

Based on property information with market context.

A multifamily property is available for sale. The list price is $5,750,000.

Key Highlights

• Year Built: 1891, boasting historic charm
• Price: $11

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$242,915

Cap Rate

4.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,858,300 $4.9M

Cap Rate 7%

$3,470,214 $3.5M

Cap Rate 9%

$2,699,056 $2.7M

Market Conditions

NOI Build-Up for 7,764 SF

Gross rent

$464.9K $59.88/SF

− Vacancy

−$23.2K −$2.99/SF

EGI

$441.7K $56.89/SF

− OpEx

−$198.7K −$25.60/SF

NOI

$242.9K $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%

$4,858,300

Cap Rate 7%

$3,470,214

Cap Rate 9%

$2,699,056

Alternative Uses

Best Use

Apartment 5plus

$3.47M

$3.04M – $4.05M (±1% cap)

NOI $242,915 @ 7.0% cap · market cap 4.63%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$19.33M

$16.91M – $22.55M (±1% cap)

NOI $1,352,799 @ 7.0% cap · market cap 25.77%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Law Firm Hair Salon Auto Repair Shop Nail Salon Auto Parts Store Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

10,265

Businesses Nearby

Explore this area Business Placement

Demographics for 10024, NY

62,250

Population

36,723

Households

1.7

Avg Household Size

43

Median Age

84%

College-Educated

97%

High-School Grad

0.9 sq mi

ZIP Area

69,167

Density / Sq Mi

$182,614

Median Household Income

$117,078

Median Earnings

$2,965

Median Rent

$1,746,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Multifamily property - Multifamily property for sale in New York, NY.

Where is this multifamily property located?

The property is located at 489 W END Ave New York, NY.

What is the asking price?

The asking price for this property is $5,250,000.

What are key features of this property?

This property features: Year Built: 1891, boasting historic charm; Price: $11