Apartment Building in New
For Sale
$2,595,000
190 E 72ND Street 34CD, New York City, NY 10021
Apartment building for sale in New York, NY.
Property Size4,000 SF
Price / SF$648.75
Days on Market627
Property Features for 190 E 72ND Street 34CD
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Apartment
Building Details
Building Size
4,000 SF
Year Built
1960
Listing Agency:
Coldwell Banker Warburg
Listed By:
Michael D Abrams
(917) 596-2866
Source:
Carytamura
Added: Jan 21, 2025
Changed: Oct 10
Last Checked: Oct 10 at 12:02AM
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 Coldwell Banker Warburg
Investment Insights
Based on property information with market context.
An apartment building is available for purchase. The list price is $2,595,000.
Key Highlights
- Year Built: 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,149
Cap Rate
4.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,502,980
$2.5M
Cap Rate 7%
$1,787,843
$1.8M
Cap Rate 9%
$1,390,544
$1.4M
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$239.5K $59.88/SF
− Vacancy
−$12.0K −$2.99/SF
EGI
$227.5K $56.89/SF
− OpEx
−$102.4K −$25.60/SF
NOI
$125.1K $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%
$2,502,980
Cap Rate 7%
$1,787,843
Cap Rate 9%
$1,390,544
Alternative Uses
Best Use
Apartment 5plus
$1.79M
$1.56M – $2.09M
NOI $125,149 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.96M
$8.71M – $11.62M
NOI $696,960 @ 7.0% cap · market cap 26.86%
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
3,584
Businesses Nearby
Explore this area
Business Placement
Demographics for 10021, NY
45,691
Population
29,248
Households
1.6
Avg Household Size
41
Median Age
81%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
114,228
Density / Sq Mi
$156,712
Median Household Income
$99,886
Median Earnings
$3,002
Median Rent
$1,529,600
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
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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 190 E 72ND Street 34CD New York City, NY.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Year Built: 1960
